Sean “Diddy” Combs has reportedly sold one of his luxury waterfront estates on Miami Beach’s exclusive Star Island for $55 million in an off-market deal, marking one of South Florida’s most notable celebrity real estate transactions of 2026.
According to property records and multiple media reports, the mansion at 1 Star Island Drive was transferred through 1 West Star Island LLC, an entity linked to Combs, to JFStar LLC, a Virginia-based company led by businessman John A. Franklin. The sale comes as the music mogul serves a federal prison sentence.
The sprawling waterfront estate sits on a 1.3-acre lot with approximately 240 feet of Biscayne Bay frontage. The home offers nearly 8,000 square feet of living space, featuring six bedrooms, eight-and-a-half bathrooms, a resort-style pool and spa, a detached guest house, a private dock capable of accommodating yachts, and sweeping views of Biscayne Bay and the Miami skyline. Originally built in 1940, the property underwent a major expansion in 1995.
Combs purchased the mansion in 2021 from music power couple Gloria and Emilio Estefan for $35 million. Based on the reported sale price, the transaction represents an increase of roughly $20 million before accounting for taxes, renovations, commissions, and other closing costs.
The estate gained national attention in March 2024 when federal authorities raided the property as part of the criminal investigation into Combs. It later became a key part of his legal proceedings after being offered as collateral in a proposed $50 million bail package. Court filings previously indicated that Combs had paid off approximately $19 million remaining on the home’s mortgage before his arrest in an effort to strengthen the bail proposal, but the request was ultimately denied.
Despite selling the property, Combs still maintains a foothold on Star Island. He continues to own the neighboring estate at 2 Star Island Drive, which he acquired before expanding his holdings with the purchase of the adjacent Estefan property in 2021.
The off-market nature of the sale reflects a common approach for high-profile luxury transactions, where buyers and sellers often seek additional privacy by avoiding a public listing.
Beyond its celebrity connection, the $55 million deal underscores the continued strength of Miami Beach’s ultra-luxury waterfront market. Even after becoming closely associated with one of the most high-profile federal investigations in recent years, the property attracted a buyer willing to pay a premium, reinforcing Star Island’s reputation as one of the country’s most sought-after residential enclaves.
