After months of difficulty finding a buyer, Diddy‘s Los Angeles mansion has finally drawn an offer—though it’s a steep drop from his $61 million asking price.
According to reports on Wednesday (November 20), Belwood Investments submitted a $30 million bid, less than half of what the music mogul initially sought. Diddy bought the sprawling estate for just under $40 million in 2014, but finding a buyer has been challenging since it’s September listing as his legal challenges continue to mount. Current owner Bo Belmont is determined to shed the home’s “creepy” image, a descriptor that’s turned off potential buyers.
Belwood Investments, the firm behind the $21 million acquisition of Kanye West’s stripped-down Malibu property—resulting in a staggering $40 million loss for the artist—has now turned its attention to Diddy’s sprawling 13,000-square-foot estate. Situated in Los Angeles’ exclusive “Platinum Triangle,” the property lies at the nexus of Beverly Hills, Holmby Hills, and Bel-Air.
Luxury estate listed amid legal fallout
Per the listing details, the company updated residence features, “a luxurious paneled entry foyer with a sweeping staircase bathed in natural light, along with a large living room, formal dining room, wine cellar, office, and a gourmet kitchen with a family room and separate catering kitchen.” Prospective owners will also have the chance to enjoy “a state-of-the-art theater that seats 35 guests,” along with “a two-story guest house [with] a large gym, recording studio and additional guest bedrooms.”
The 1.3-acre property boasts a sprawling garden, which incorporates “a resort-like swimming pool with a waterfall and grotto, a basketball court, spa house, and an outdoor loggia equipped with a BBQ, bar and pizza oven.” Before putting the property on the market, Diddy touted the company of high-profile neighbors like Kylie Jenner, Jimmy Iovine, and Napster co-founder Sean Parker, with the legendary Playboy Mansion just a stone’s throw away.
Following a raid earlier this year, law enforcement left Diddy’s property in disarray. Surveillance footage revealed drawers overturned, documents scattered, and safes forced open, while computers were visibly dismantled. In one closer look, one device showed its hard drives had been removed. Authorities also targeted his Miami residence as part of the ongoing investigation.
Leave a Reply