Sean “Diddy” Combs has offloaded his waterfront Star Island property for $55 million whereas serving time at FCI Fort Dix in New Jersey. The off-market deal, first reported by The Actual Deal and later confirmed by TMZ, closed on July 14, 2026.
The deal transferred the bayfront property at 1 Star Island Drive from Combs’ company entity, 1 West Star Island LLC, to purchaser JFStar LLC. Combs walked away from the deal $20 million richer than what he first paid for the property half a decade in the past.
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The Sale And The Property
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JFStar LLC, a Newport Information-based actual property holding firm led by Virginia Seaside government John A. Franklin, acquired the property by way of an $18.5 million mortgage from San Diego-based Axos Financial institution.
Combs reportedly paid $35 million for the property in 2021, when he bought it from Gloria Estefan and her husband, Emilio Estefan, which was $20 million lower than the $55 million the property finally bought for.
The Actual Deal described the property as sitting on a “1.3-acre bayfront lot with 240 toes of water frontage.” Initially constructed in 1940 and expanded in 1995, the almost 8,000-square-foot advanced encompasses a two-story most important residence, a guesthouse, a resort-style pool, a spa, and a personal dock.
Star Island Properties
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The property that Franklin bought at 1 Star Island Drive is just not the identical property that federal brokers raided in March 2024. The raid focused Combs’ separate neighboring property at 2 Star Island Drive, which Combs nonetheless owns.
The 2 addresses are adjoining however legally distinct, and the July 2026 transaction concerned solely the previous Estefan property at 1 Star Island Drive.
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Combs’ Legal Case And Jail Sentence
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A federal jury acquitted Combs of racketeering conspiracy and intercourse trafficking fees however convicted him on two counts beneath the Mann Act for transporting individuals throughout state strains for prostitution.
Combs is presently serving a 50-month sentence at FCI Fort Dix, a low-security federal correctional establishment in New Jersey, with a projected launch date of February 23, 2028.
