It’s no secret that music mogul and entrepreneur Sean “Diddy” Combs knows a sweet deal when he sees one.
Combs, whose expansive real estate portfolio includes properties in California, Florida and New York, purchases properties that will allow him to manage his business and family affairs while also generating wealth.
According to Forbes, Combs earned $90 million in 2021, and is number 14 on the publication’s highest-paid entertainers list for 2022.
Combs began his career in the music and entertainment industry as an intern for Uptown Records. He climbed the ranks to become an executive in the company, nurturing acts such as Mary J. Blige and Jodeci before launching Bad Boy Records. At Bad Boy, Combs was both producer and artist, shining a light on stars such as Notorious B.I.G. and Faith Evans, and later launched several groups from the MTV series “Making the Band.”
Today, Combs earns a large percentage of his money from beverages such as Ciroc, a vodka; DeLeon, a tequila and Aquahydrate alkaline water. In addition, Combs is able to reap the benefits of his Bad Boy Records catalog as hip-hop music remains popular, especially on streaming services.
A condominium that Combs sold in 2017, was placed back on the market this month for $5.99 million. That price is just $200,000 more than what Combs sold the property for in an all-cash deal three years ago. He purchased the property in 2005, for $3.82 million. The property was first listed for sale in 2014, by Combs. The asking price then was $8 million. After cutting the price down significantly, the condo finally sold in 2017, with Combs earning more than $2 million in equity from the sale.
Located in The Park Imperial residences, the 2300-square-foot apartment features walls of windows that overlook Central Park and includes high ceilings.
Luxury amenities such as a 24-hour doorman, fitness center, lounge and access to parking make this condominium well-sought after. In addition, its close proximity to venues such as Carnegie Hall and Lincoln Center along with high-end shopping on Fifth Avenue make a unit in The Park Imperial enticing.
Combs’ former apartment is a three-bedroom, three-and-a-half bathroom residence.
The unit’s current owner has renovated the property significantly. Wide-plank, solid wood floors and other finishings complement the unit’s high ceilings. High-end appliances such as a Sub-Zero refrigerator and vented hood are present in the kitchen while heated flooring adds extra comfort in the ensuite bathroom.
Diddy had already moved on by expanding his Florida real estate holdings. In September 2021, he purchased the Star Island home of singer Gloria Estefan and her husband, Emilio. According to TMZ, Diddy paid $35 million for the 8,000-square-foot home.
Star Island is considered one of Miami Beach’s ritzy neighborhoods. Star Island sits on a man-made island in Biscayne Bay. The Estefans paid $1.8 million for the six-bedroom, 10-bathroom home in 1993. The property also includes a two-story guest house with three bedrooms. Diddy also owns the property next door, which he bought in 2003. No word if he plans to combine both properties, which would make it one massive estate.