Let’s talk about why no one seems to want to snatch up Diddy‘s jaw-dropping $61.5 million mansion in LA after nearly a year on the market. You would think a place like that would be flying off the shelves, right? Well, turns out there is just one reason why this luxurious property isn’t getting snatched up as quickly as we’d expect.
According to this real estate agent, no one is prepared to be associated with anything concerning Diddy due to his ongoing sex trafficking and RICO case. Everyone is distancing from him.
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.
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.
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.
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 $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.
But hey, at the end of the day, real estate is all about finding the right buyer at the right time. So who knows, maybe someone will swoop in and snag Diddy’s mansion sooner rather than later. Until then, it’s just a waiting game!
Flip to the next page for photos of the luxurious mansion…
