Sean "Diddy" Combs' Los Angeles mansion remains unsold a week before his arrest. The 10-bedroom, 13-bathroom Holmby Hills property is listed for $61.5 million. Its association with the ongoing sex trafficking accusations is deterring potential buyers.
Combs listed the mansion shortly before facing sexual abuse allegations in court. His ex-girlfriend, Cassie Ventura, denied that the home was used for the alleged "freak offs." Real estate experts suggest the negative publicity is hindering the sale.
Michael Tachovsky, a consultant, noted that buyers at this price point value prestige. Diddy's current reputation is not a positive selling point. Two local real estate agents declined to comment on the property due to the controversy.
Combs maintains his innocence, arguing that all encounters were consensual. He also claims his accusers have financial motives. The property, purchased in 2014 for $39 million, boasts numerous amenities.
These include a formal dining room, wine cellar, and a 35-seat theater. The grounds feature a disco ball statue, pool with a waterfall, and a basketball court. In March 2024, law enforcement seized narcotics and lubricant from his LA and Miami residences.
Real estate investor Steven "Bo" Belmon made a $30 million offer to renovate the property. He aims to remove the stigma associated with the mansion. Similar properties with negative histories have sold below asking price after extended periods.
The ongoing legal battles are limiting the pool of potential buyers. Tachovsky stated that the notoriety of the case will likely linger. This will make it harder to sell the property.