Sean Diddy Combs Sells Star Island Estate for $55 Million

A waterfront estate on Miami Beach's exclusive Star Island owned by Sean "Diddy" Combs has been sold for $55 million, according to property records made public on July 15, 2026. The transaction closes a significant chapter for the property, which Combs purchased in 2021 and which later became a subject of legal proceedings against him.

The estate at 1 Star Island Drive was sold by Combs's company, 1 West Star Island LLC, to JFStar LLC, a Virginia-based entity led by businessman John A. Franklin. The sale appears to have been a private, off-market deal. Records indicate the buyer financed part of the $55 million purchase with an $18.5 million mortgage from Axos Bank.

The nearly 8,000-square-foot property sits on 1.3 acres and features 240 feet of waterfront, a dock, a pool, a spa, a two-story main residence, and a separate guest house. The complex, originally built in 1940 and expanded in 1995, includes six bedrooms and eight and a half bathrooms. Combs acquired the estate from music figures Gloria and Emilio Estefan in 2021 for $35 million, representing a substantial increase in its transaction value over five years.

The sale follows a legal dispute between the buyer and seller....