Diddy LLC Sells Star Island Mansion for $55 Million, 57% Above 2021 Price

3 articles · Updated · The Real Deal · Jul 14

$55 million property records show Sean "Diddy" Combs' 1 West Star Island LLC sold the waterfront mansion at 1 Star Island Drive in an off-market deal while Combs serves a four-year federal prison sentence.
JFStar LLC, led by Virginia Beach businessman John A. Franklin, bought the nearly 8,000-square-foot estate with an $18.5 million Axos Bank mortgage after a linked company paid $35 million for the home in 2021.
The 1.3-acre bayfront property has 240 feet of water frontage, a pool, spa, dock, guest house and a main home originally built in 1940 and expanded in 1995; Gloria and Emilio Estefan were the prior owners.
Combs still owns the neighboring 2 Star Island Drive estate, on an island of about 30 homes where recent headline deals include Vlad Doronin's $120 million sale and Russell Weiner's $35.3 million purchase.