For those aspiring to live a lavish lifestyle, an upscale gated mansion in Beverly Hills, California, is available on the market for $10.4 million. This opulent property was once the residence of hip-hop mogul Sean “Diddy” Combs, who sold it back in 2001 for $2.3 million.
Built in 1998, this estate is situated in a highly desirable guard-gated neighborhood. It has made appearances on and off the real estate market over the years and has been a subject of celebrity chatter.
In 2013, we reported its listing at $10.4 million – the current asking price, five years later. At that juncture, it had undergone a complete overhaul and remodeling, being offered inclusive of all furnishings.
In 2015, news broke that superstar boxer Manny Pacquiao had acquired the property – along with its contents – for $12.5 million. However, the present listing agent, Elsa Nelson, confirms that the sale to Pacquiao fell through when he ultimately withdrew. Following this, the owners decided to retain the property.
Fast forward three years, and the owners have returned the property to the market, enhanced with further upgrades. The estate, now “reimagined,” exudes sumptuous luxury while retaining a relaxed and enjoyable atmosphere. The layout encompasses seven bedrooms, eight bathrooms, and an expanded gourmet kitchen, family room, and bar, all flowing onto a backyard designed in a “resort-style,” featuring an infinity-edge pool, spa, and multiple patio areas.
Additional lavish features include a master suite boasting three closets and a private balcony. The home theater is notably “spectacular,” complete with a wet bar and even a hot dog machine. The gated estate also offers an expansive motor court for ample parking. It’s conceivable that more A-listers will consider this place their home, following in the footsteps of P. Diddy.
“It would certainly attract celebrities and individuals who prioritize their security,” says Nelson. “It stands out as one of the few gated communities in West L.A.”
The listing description also hints at the property’s potential as an “investment property,” implying the possibility of renting it out. The homeowner’s association mandates a minimum lease period of 28 days, meaning this mansion still demands a mogul’s financial stature.
Diddy’s real estate ventures consistently capture attention. He acquired a reported $40 million newly constructed estate in Holmby Hills. Moreover, he recently sold an Alpine, NJ, property after years on the market. Not to mention, his two-bedroom Manhattan condo changed hands after undergoing multiple price reductions last year.
Is More Money Equal to More Problems? Perhaps not. With a fortune of $825 million, Forbes recognized Diddy as the second-wealthiest hip-hop artist of the year, attributing his success to shrewd investments in tequila, cable TV, and potentially, real estate.