The stigma that still surrounds the troubled rapper after his crime charges for allegedly hosting drug-fuelled parties known as freak-offs has apparently prevented the mansion from receiving any offers up to this point, as quoted in a report by The Blast.
Following a judge’s decision to order prosecutors to destroy notes seized during a jail cell raid, Diddy recently emerged victorious in his legal battle.
An offer has been made for the Bad Boy for Life singer’s mansion in Los Angeles, which was one of the residences that Homeland Security raided earlier this year as part of their investigations.
Bo Belmont and his business, Belwood Investments, have reportedly made an offer of $30 million for the mansion, which is nearly 50% less than Diddy’s asking price, according to TMZ.He wants to focus on the property’s true beauty and alter the narrative that has surrounded the 17,000-square-foot house. Given that it is significantly less than what Diddy is requesting, it is unclear if the price he is offering is the final deal.Belwood Investments has become well-known for purchasing celebrity homes at a discount after purchasing Kanye West’s beachfront property in Malibu for $21 million, which is significantly less than the $57 million he paid for it in 2021.
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The massive mansion was part of Diddy’s properties that federal agents searched as part of investigations into his alleged crimes.
Diddy recently scored a win in his legal battle as a federal judge ruled that evidence obtained during his jail cell raid earlier this month would not count. The 55-year-old rapper appeared in court on Tuesday, November 19, ahead of his bail hearing scheduled for Friday, November 22, after prosecutors accused him of violating his attorney-client privileges due to items that were seized from his cell during a Bureau of Prisons sweep.
FAQs:
Why is Diddy’s mansion struggling to sell?
Diddy’s legal troubles as well as the property’s association with controversial investigations have put buyers off, stigmatising the mansion.
What price did Diddy receive for his mansion?
Belwood Investments offered Diddy $30 million, which is half of his original $60 million asking price.
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