Hip-hop mogul Diddy has reduced the asking price for his Beverly Hills mansion, which was raided by Homeland Security in a suspected s*x trafficking probe earlier this year.
The 54-year-old rapper purchased the property for $40 million in 2014 and had initially listed it for $70 million in July. The mansion, which spans 13,000 square feet and sits on 1.3 acres, is now on the market for $61 million, according to Mail Online.
Sources indicate that Diddy, whose real name is Sean Combs, intended to sell the home prior to the federal raids. “Diddy established his primary residence in Miami years ago and always planned to sell his LA home once his daughters grew up and moved out. He’s an empty nester and spends most of his time in Florida. This decision is unrelated to any civil litigation or investigation,” the source said.
The property features a grand cobblestone driveway leading to a fully remodeled estate with classic European design elements. It includes a luxurious paneled entry foyer with a sweeping staircase, a large living room, a formal dining room, a wine cellar, an office, and a gourmet kitchen with a family room and separate catering kitchen.
Additional amenities include a 35-seat theater, a two-story guest house, a gym, a basketball court, and a resort-like swimming pool with a waterfall and grotto.
The listing will appear on the Multiple Listing Service on Monday. Earlier reports suggested that Diddy was attempting to sell the home off-market for $70 million, with sources claiming he “wants out of LA” and has been spending most of his time in Miami.
In addition to the raid, Combs is currently dealing with lawsuits alleging s*xual misconduct and abuse.
