Sean “Diddy” Combs has sold one of his Star Island properties, selling the waterfront Miami Beach estate for $55 million while serving a federal prison sentence.
Property records show the disgraced hip-hop mogul’s 1 West Star Island LLC transferred the nearly 8,000-square-foot home at 1 Star Island Drive to JFStar LLC, a Virginia-based company led by John A. Franklin. The deal appears to have happened off-market.
A company linked to Diddy bought the six-bedroom, eight-and-a-half-bathroom property for $35 million in 2021 from music power couple Gloria and Emilio Estefan. The couple had used it as a “guest house” near their larger Star Island residence.
Built in 1940 and expanded in 1995, the estate sits on 1.3 bayfront acres near the island’s entrance and includes a two-story main house, a guest house, a pool and spa, a dock and 240 feet of water frontage. The buyer secured an $18.5 million mortgage from Axos Bank.
Diddy still owns the neighboring estate at 2 Star Island Drive, according to property records.
The sale comes after a federal jury in New York found Diddy “guilty” on transportation to engage in prostitution charges and “not guilty” of racketeering conspiracy and sex trafficking. He is serving a four-year sentence at a low-security federal prison in New Jersey.
