Diddy has reportedly sold his Miami mansion for $55 million. This property, located next to a site raided by federal agents in 2024, has changed hands.

On July 14, real estate outlet The Real Deal announced that the mansion at 1 Star Island Drive was acquired by JFStar LLC, a Newport News, Virginia-based company.

The purchase of the eight-bedroom house along the waterfront was secured with an $18.5 million loan from Axos Bank in San Diego, as detailed by The Real Deal.

Originally purchased by Diddy from Gloria and Emilio Estefan in 2021, property records indicate he still retains ownership of the neighboring site at 2 Star Island Drive. This location was subjected to a federal raid by the Department of Homeland Security in March 2024.

The raid contributed to an investigation that ultimately resulted in Diddy’s arrest six months later on charges of sex trafficking, racketeering conspiracy, and transportation for prostitution purposes.

In July 2025, he was convicted on the latter charge and is now serving a 50-month sentence. His expected release date is February 8, 2028. Recently, footage emerged showing him during a routine walk at Fort Dix prison in New Jersey, where he is incarcerated.

Last September 2025, Diddy attempted to sell his Los Angeles mansion following a similar raid but later withdrew it from the market.