Wild reason luxe $98m mansion won’t sell. Picture: Getty Images/Realtor
Mo’ money, mo’ mansions, mo’ problems.
Sean “Diddy” Combs’ infamous Los Angeles estate is still waiting for a buyer amid his ongoing trial.
The Bad Boy Records founder — who faces federal charges including racketeering, coercion and physical abuse — listed the Beverly Hills home for sale for a whopping $US61.5 million ($A98.1 million) just a week before his September 2024 arrest.
The 10-bedroom mansion has now languished on the market for more than 200 days, weighed down by the legal and public fallout from his case, the New York Post reports.
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Sean “Diddy” Combs’ Los Angeles estate is still waiting for a buyer. Picture: Phillip Faraone/Getty Images for REVOLT
Combs quietly listed it just a week before his September 2024 arrest and has not lowered the price. Picture: Realtor
The rapper purchased the home in 2014 for $US39 million.
The sprawling residence, boasts a slate of luxury amenities: a 35-seat movie theatre, a disco ball-inspired sculpture, a grotto pool, a traditional pizza oven, a guesthouse with recording studio and a spa facility.
Despite its location in one of Los Angeles’ most exclusive neighbourhoods and lavish features, interest for the property 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 NY Post’s request for comment.
Once the site of A-list parties, the 10-bedroom estate has languished on the market for more than 200 days Picture: Realtor
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.
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 $US30 million ($A46 million) for the estate.
Belmont, who previously purchased Kanye West’s deteriorating Malibu home for $US21 million ($A32 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.
Still, few have even toured the home, and none have moved forward with serious offers.
Investor Steven “Bo” Belmont, known for flipping scandal-hit celebrity homes, offered $30 million to rehab its image, but serious interest has been scarce. Picture: Realtor
The home offers 10 bedrooms and 13 bathrooms. Picture: Realtor
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-fuelled 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.
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.
Parts of this story first appeared in the New York Post and was republished with permission.
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