Sean “Diddy” Combs just sold one of his most valuable properties on Miami’s Star Island for an incredible $55 million.
According to The Real Deal, which broke the story first, JFStar LLC, a Newport News, Virginia Beach-based real estate holding firm, bought the beachfront property at 1 West Star Island.
The publication claims that the massive acquisition looks to be an off-market transaction, with the buyer using a $18.5 million bank mortgage to finance the purchase.
In 2021, singer Gloria Estefan and her husband Emilio sold the almost 8,000 square foot property to Diddy, who is currently serving a four-plus-year sentence in federal jail.
There is a two-story house and a guest house with six bedrooms, eight and a half bathrooms, a pier on the water, a pool, and a spa.
According to the outlet, Diddy still owns his primary location, 2 Star Island, which is immediately next door, according to property records.
In March 2024, as part of their investigation into Diddy for alleged sex trafficking and racketeering, the federal government raided 2 Star Island. There was no raid on 1 Star Island.
Diddy was eventually found not guilty of racketeering and sex trafficking by a trial jury, but he was found guilty on two Mann Act offenses of transporting people across state borders for prostitution.
