Uncategorized

Diddy’s $61.5M LA mansion remains unsold after nearly a year for 1 big reason: ‘Ridiculous’

Mo’ money, mo’ mansions, mo’ problems.

As Sean “Diddy” Combs fights in a Manhattan courtroom, his Los Angeles estate is still waiting for a buyer.

The Bad Boy Records founder — who faces federal charges including racketeering, coercion and physical abuse — listed his Holmby Hills mansion for $61.5 million just a week before his September 2024 arrest.

The 10-bedroom, 13-bathroom estate — which Combs purchased in 2014 for $39 million — has now languished on the market for more than 200 days, weighed down by the legal and public fallout from his case.

An aerial of the property.Connellan / MEGA

The sprawling residence, nestled in one of Los Angeles’ most exclusive neighborhoods, boasts a slate of luxury amenities: a 35-seat movie theater, a disco ball-inspired sculpture, a grotto pool, a traditional pizza oven, a guesthouse with recording studio and a spa facility.

Yet despite its pedigree and lavish features, interest from prospective buyers has been tepid.

One local real estate agent, speaking anonymously, noted the chilling effect Combs’ name has had on the listing. “I wish I could help, but no agents want to touch that house or be in any stories related to the case or the listing,” they told the Daily Mail.

Kurt Rappaport, co-founder of the Westside Estate Agency who is representing the listing, declined The Post’s request for comment.

Combs quietly listed it just a week before his September 2024 arrest and has not lowered the price, even after pulling and relisting it in March.Jordan Strauss/Invision/AP

The mansion, which once hosted a 2017 Grammy Awards afterparty, has seen none of its former glory translate to offers. Industry insiders say the high asking price is misaligned with the current climate.

The price is “ridiculous,” one expert told the outlet, citing the serious nature of the allegations against Combs.

In March, the listing briefly disappeared, only to reappear less than 12 hours later with the same asking price — suggesting that Combs is unwilling to entertain discounts.

Once the site of A-list parties, the 10-bedroom Holmby Hills estate — featuring a movie theater, a spa house, a guesthouse with a recording studio, and more — has languished on the market for more than 200 days.Page Six

Investor Steven “Bo” Belmont, known for flipping scandal-hit celebrity homes, offered $30 million to rehab its image, but serious interest has been scarce.Page Six

Not everyone, however, has been deterred by the controversy.

Real estate investor Steven “Bo” Belmont, known for acquiring high-profile properties with reputational baggage, reportedly offered $30 million for the estate.

Belmont, who previously purchased Kanye West’s deteriorating Malibu home for $21 million, expressed confidence in turning around the property’s narrative.

“I want to remove the stigma and focus on the charming elegance of this remarkable property,” Belmont said in a statement at the time.

As Combs remains jailed during his federal trial in Brooklyn, where he’s pleaded not guilty to charges of racketeering, abuse and coercion tied to alleged drug- and 𝓈ℯ𝓍-fueled “freak offs,” the property appears unsellable.Page Six

Still, few have even toured the home, and none have moved forward with serious offers.

The mansion’s faltering market performance coincides with Combs’ ongoing federal trial, which began on May 5 in Brooklyn.

Prosecutors allege that since 2008, the music mogul orchestrated a criminal enterprise using his fame and resources to abuse and control women. The government claims Combs held multi-day drug- and 𝓈ℯ𝓍-fueled events — known among his circle as “freak offs” — and used footage of these encounters to blackmail victims.

Graphic testimony and images presented this week further underscore the case’s severity.

Prosecutors allege Combs used his fame and private footage to manipulate victims — accusations bolstered by explosive testimony and images presented in court this week.REUTERS

Though Combs’ former partner, singer Cassie Ventura, testified that the Los Angeles property was not the site of these gatherings, public perception appears less forgiving. The association between the scandal and the estate has made the home a tough sell, even in a high-end market.

Meanwhile, Combs remains in custody as the trial unfolds, pleading not guilty to all charges.

Related Posts

Twin brothers overcome reading challenges to earn bachelors degree at US university, set to become Civil Engineers

Twin brothers Jordan and Jaydan Crawford have graduated with bachelor’s degrees in Civil Engineering from Florida Agricultural and Mechanical University (FAMU), defying early academic struggles to create a…

Brave rodeo queen influencer dies at just 22 after being diagnosed with cancer when hit on leg with a football

A RODEO queen influencer has died of cancer at just 22. Camila Trevisol lived with the illness for nine years. Rodeo queen Camila Trevisol has died of cancerCredit:…

Coldplay kiss cam ‘mistress’ quits Astronomer after ‘cheating scandal’ – days after CEO Andy Byron also stood down

ASTRONOMER’S HR supremo Kristin Cabot has resigned from her position at the tech firm following the Coldplay kiss cam scandal. Ms Cabot and her former boss Andy Byron were caught off guard…

𝗥𝗔𝗠𝗣𝗔𝗚𝗘 𝟮: 𝗧𝗵𝗲 𝗘𝘃𝗼𝗹𝘂𝘁𝗶𝗼𝗻

¡Prepárate para el enfrentamiento definitivo contra monstruos! “Rampage 2” ya está aquí, y es más grande, audaz y explosiva que nunca. En esta emocionante secuela, Davis Okoye, interpretado…

𝗧𝗵𝗲 𝗠𝗮𝘀𝗸 𝟯

La máscara ha vuelto, y aún sigue causando caos. En este explosivo tráiler conceptual de La Máscara 3, creado por un fan, Jim Carrey regresa como el impredecible…

𝗣𝗿𝗲𝗱𝗮𝘁𝗼𝗿: 𝗕𝗮𝗱𝗹𝗮𝗻𝗱𝘀

En la tierra del polvo y la muerte… el cazador definitivo ha regresado.Ambientado en una desolada tierra de nadie donde los gobiernos han caído y reina el caos,…

Leave a Reply

Your email address will not be published. Required fields are marked *