Sean “Diddy” Combs sold one of his oceanfront mansions on Miami’s exclusive Star Island for $55 million, according to property records reviewed by The real deal, a major financial move made while he remains behind bars.
The six-bedroom, eight-and-a-half-bath property, which features 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 originally built in 1940 and expanded in 1995. Property records indicate that Combs still owns the adjacent main house.
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 counts of prostitution.
A jury acquitted him of the most serious charges of conspiracy to racketeering and two counts of sex trafficking.
He is currently appealing his conviction, and three judges on the U.S. Court of Appeals for the Second Circuit spent nearly two hours in early April listening to arguments from his legal team.
His attorney, Juda Engelmayer, has described Combs as deeply committed to the appeals process and characteristically determined.
“He has become a paralegal, if not an attorney,” Engelmayer shared in June.
“My experience is that clients who are deeply involved in their cases are the ones who go the furthest.”
He added that Combs remains “remarkably positive” and “hopeful” as he awaits the court’s decision, and is “looking back on his life and trying to find ways to improve and be a better person.”
It is reported that on a day-to-day basis, Combs keeps books in the library and exercises in the courtyard at Fort Dix, where he also participates in the installation’s Residential Drug Abuse Program.
When he was arrested in September 2024, federal agents found ketamine, MDMA and prescription drugs in his New York City hotel room.
In a letter submitted before sentencing, Combs admitted that he had become “lost” in “drugs and excesses.”
