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

‘Obama Had Absolutely Nothing to Do with This’: Fans Rush to Barack Obama’s Defense After Diddy’s Former Assistant Testifies to Bizarre Link Between Former President and the Rapper’s Party Lifestyle

Sean “Diddy” Combs’ alleged affinity for narcotics and partying has created scandalous buzz about a former president. Combs, 55, is currently on day 7 of his federal trial…

Channeling Loss Into Creativity, Natalia Continues Kobe Bryant’s Unfinished Hollywood Business

There’s a quiet kind of power in someone who doesn’t chase the spotlight but naturally owns it. Natalia Bryant is focused on carving her path and has done…

Reggie Miller’s Deep-Seated Hatred for $8.3 Billion Knicks Resurfaces Amid Spike Lee’s Raw Admission

25 years later, the Knicks and the Pacers lock horns in the Finals to decide the best team in the East. Rick Brunson was part of the team,…

𝗢𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻 𝗥𝗲𝗱 𝗦𝗲𝗮 𝟮

La esperadísima secuela, Operación Mar Rojo 2, recupera la implacable intensidad de la guerra moderna, ofreciendo otro explosivo espectáculo de acción militar. Tras el éxito de la primera…

𝗜𝗻𝗱𝗲𝗽𝗲𝗻𝗱𝗲𝗻𝗰𝗲 𝗗𝗮𝘆 𝟯

20th Century Studios ha dado luz verde a Independence Day 3, trayendo de vuelta a Will Smith como el icónico capitán Steven Hiller en un giro inesperado. Titulada…

𝗧𝗵𝗲 𝗠𝘂𝗺𝗺𝘆 𝗥𝗲𝘀𝘂𝗿𝗿𝗲𝗰𝘁𝗶𝗼𝗻

Con un lapso de tiempo tan amplio desde el último capítulo, La Momia: La Tumba del Emperador Dragón de 2008, La Momia 4 podría evitar errores en su…

Leave a Reply

Your email address will not be published.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