Sean 'Diddy' Combs, the famous rapper, has reportedly dropped $40 million on a newly-built mansion in the Holmby Hills area of Los Angeles.
The home just completed construction earlier this year and even before it could hit the open market, Diddy plonked down the huge amount to make it his own, Curbed reports.
The palatial pad is a European-style manor that spans an area of 17,000 square feet. According to TMZ, it has eight bedrooms and 11 bathrooms. The two-story main house has a huge theater, a wine room and a gym as well.
The estate also comprises of a separate 3,000-square-foot structure. There is a lagoon-style pool and a grotto connected by an underwater swimming tunnel.
The Los Angeles Times reports that Drew Fenton of Hilton & Hyland/Christie's International Real Estate assisted the seller in the deal while Kurt Rappaport of Westside Estate Agency was Diddy's agent.
Diddy's new house is located in near Hugh Hefner's Playboy Mansion and Petra Ecclestone Stunt's "The Manor," which was previously the "Spelling Manor" owned by Candy Spelling, which is also up for sale (off-market) at $150 million - the most expensive listing of the U.S.
Meanwhile, Diddy's Manhattan, New York City, high-rise condo is sitting on the market unclaimed at $7.99 million.
Diddy purchased the place in 2005 for $3.8 million. The "No Way Out" hitmaker first listed it for $8.5 million before delisting it in March 2013. It returned to the market again for $7.99 million only to be removed in October that same year.
Diddy also had his Beverly Hills residence on the market for $10.9 million but delisted it just a few days away after failing to find a buyer. That residence was a 10,000-square-foot, single-family home comprised of seven bedrooms and seven and a half bathrooms.
