Diddy spent Thanksgiving Day in jail — the place the menu provided some conventional fare to its residents — after a choose denied his bond request for a 3rd time. As he sits in jail awaiting his court docket date that’s scheduled for Might 5, 2025, his dwelling in Los Angeles sits available on the market practically three months after he put it up on the market. The Beverly Hills property was one which was raided by federal brokers again in March, and in response to sources, the unhealthy press has had an impression on potential consumers.
The Holmby Hills mansion is seated on “Billionaire’s Row,” boasting neighbors together with Kylie Jenner and the Playboy Mansion, and it is among the houses related to Sean “P. Diddy” Combs’ notorious days-long intercourse events referred to as Freak Offs. Authorities discovered greater than a thousand bottles of lubricant after they raided the residence, and the rapper has been accused of utilizing medication and alcohol on the events to coerce attendees into intercourse acts that had been filmed. An insider mentioned the publicity surrounding the house has curbed curiosity, telling Individuals:
The property itself is gorgeous, but it is clear that the prison allegations has impacted purchaser curiosity. There was some abroad curiosity from high-profile worldwide consumers, however no severe affords.
The one resolution, in response to the supply, shall be to discover a purchaser who can see “past the headlines,” however that’s simpler mentioned than completed, and it’s “undoubtedly an uphill battle.” They continued:
It is already a difficult market with consumers being extra cautious generally Coupled with the property’s excessive profile and up to date information, it is making it a harder promote.
The dimensions and value of the property might additionally play a component. P. Diddy is reportedly making an attempt to make a revenue, asking for $61 million for the house that he paid $40 million for a decade in the past. Ben Affleck and Jennifer Lopez are having related points offloading their household dwelling amid their divorce. They listed their home with the steep price ticket of $68 million this summer season and reportedly haven’t obtained any severe affords both.
Nonetheless, a minimum of in Bennifer’s case, that doesn’t appear to be all that uncommon. Promoting Sundown star Jason Oppenheim mentioned property of that measurement does typically keep available on the market for six months or extra. The large query in Diddy’s case actually is that if and the way a lot buyers are turned off by his arrest and the accusations towards him.
A home making headlines isn’t at all times a deal-breaker for consumers, although, it appears. The house the place Matthew Perry was discovered lifeless in his sizzling tub in October 2023 was offered for $8.55 million a yr after the tragedy. That’s, after all, far lower than Diddy or JLo and Ben Affleck are asking for their very own houses.
Sean Combs’ property features a 17,000-square-foot mansion with 8 bedrooms and 11 loos that features a health club, wine cellar, recording studio, movie show, separate 3,000-square-foot visitor home and extra. Diddy reportedly saved his main residence in Miami, and sources mentioned the choice to promote in Beverly Hills was not a response to his authorized woes, however had at all times been the plan. We’ll need to see if he’s, in truth, capable of execute.