FALL 2024 ISSUE - Flipbook - Page 105
A Look at Sean 8Diddy9 Combs9 Extensive
Property Portfolio
what he was looking for, because the
Hamptons spread had an asking price
of $5.5 million.
But he did come out ahead on the deal,
given that he purchased his waterfront
retreat in 1998 for $2.45 million. It9s
unclear how much he had actually
used it in recent years4apart from cash
now. In 2016, the party pad landed on
the rental market with an asking price
of $200,000 for the summer months.
The four-bedroom contemporary
residence features walls of glass
showcasing water views. Outdoor
features were designed for big bashes,
with a pool and spa, a cabana with a
bar and kitchenette, plus beach access.
In years past, Diddy made an annual
splash with his notorious Gatsby-style
White Party, held for years at this
Hamptons home. The soiree featured
celeb-studded guest lists and a strict
head-to-toe white dress code.
a wealth of luxury features. Highlights
included three master bedroom suites,
a sauna, home theater, an indoor
basketball court, a swimming pool
with waterfalls, a lighted tennis court,
private putting green, and a six-car
garage.
Just three years after purchasing the
place, Diddy had a change of heart and
put the massive home on the market
for $9 million. It turned out to be an
enormous albatross and lingered on
and of the market for almost a decade,
before it onally sold for $5.5 million
in 2016.
Georgia
Diddy has also dabbled in some real
estate deals in Georgia. He once owned
a 20,000 square-foot residence in
Atlanta that he sold in 2007 for $1.3
million. And he still owns a plot of land
with a pond in Fayetteville, GA, which
he picked up in 1995 for $260,000.
(Not seen here)
New Jersey
Just across the Hudson River, Diddy
also dipped his toe into the New Jersey
real estate market. In 2004, he picked
up a mansion in the tony town of Alpine
for $6 million. Sitting on 3.5 acres, the
11,000-square-foot brick estate ofered
105