Sean “Diddy” Combs has sold one of his waterfront mansions on Miami’s exclusive Star Island for $55 million, according to property records reviewed by The real deal, an important financial move made while he remains behind bars.
The six-bedroom, eight-and-a-half-bathroom property, which includes 240 feet of water frontage, a pool, spa and private dock, was purchased by JFStar LLC, a real estate holding company based in Newport News, Virginia.
The buyer financed part of the acquisition with an $18.5 million mortgage from San Diego-based Axos Bank.
The complex was built in 1940 and expanded in 1995. Property records indicate Combs still owns the adjacent main house next door.
The sale comes as Combs, 56, continues to serve his prison sentence at Fort Dix, a low-security federal facility in southern New Jersey, following his conviction on two prostitution charges.
A jury acquitted him of the most serious charges of racketeering conspiracy and two counts of sex trafficking.
He is currently appealing his conviction, with three judges from the 2nd U.S. Circuit Court of Appeals spending nearly two hours in early April hearing arguments from his legal team.
His lawyer, Juda Engelmayer, described Combs as deeply engaged in the appeal process and characteristically determined.
“He became like a paralegal, or even already a lawyer,” Engelmayer said in June.
“My experience is that clients who are deeply involved in their case are the ones who take it further.”
He added that Combs remains “remarkably positive” and “hopeful” while awaiting the court’s decision, and that he “looks back on his life and tries to find ways to improve and become a better person.”
On a daily basis, Combs would put away library books and exercise in the courtyard at Fort Dix, where he also participates in the facility’s residential substance abuse program.
When he was arrested in September 2024, federal agents found ketamine, MDMA and prescription drugs in his New York hotel room.
In a letter submitted before sentencing, Combs admitted he had “lost his way” into “drugs and excesses.”
