Diddy’s Former Beverly Hills Bachelor Pad for Sale at $14.5M

The ever-changing hip-hop mogul and businessman Sean “Diddy” Combs, whose middle name is legally changed from John to Love, recently bought a 17,000-square-foot mansion in L.A.’s hoity-toity Holmby Hills for $39 million. Before he bought the mansion, he rented a curvaceous, contemporary house in Beverly Hills, Calif., that just went on the market for $14.5 million.

It is owned by Greek shipping heir turned film producer Paris Kassidokostas-Latsis, who acquired the glass-walled three-story extravaganza for $9.2 million in 2006. He has not occupied the property on a full-time basis for many years. His wealth came by the old-fashioned way, when his shipping tycoon grandfather died in 2003, leaving a family fortune estimated at nearly $5.5 billion, shortly after he was engaged to Paris Hilton and long paired with Georgian-Greek pop singer Tamta.

‍Those familiar with Los Angeles property watchers will remember that this isn’t the first time a low-key trust fund billionaire, whose film financing company, Hercules Film Fund, has helped finance movies such as “American Made,” “Unicorn Store,” “Palmer,” and “Shadow in the Cloud”, has tried to sell the home. It has been on the market for sale almost as long as he has owned it; the five-bedroom, six-bath house first appeared in 2008 for $15 million and then again for $13.75 million in 2010. When Diddy moved out, the house resurfaced in 2015 for about $15 million, but it dropped to $10.95 million before it was taken off the market in early 2019.

‍According to listings held by Aaron Kirman, Aleks Lepovic and Holland Ashrafnia of Compass, this newly, snazzyly updated home is the “Crown Jewel of Beverly Crest.” It is accessed through a quiet, walled courtyard leading to an inviting top-floor foyer filled with natural light thanks to a glass wall that pivots out to a small terrace. Over the floating staircase that curves down to the open-plan living and entertaining spaces, a huge semi-circular skylight lets in more light.

‍There are curving walls of glass in the main bedroom, which sits privately on the top floor, two decadently appointed dressing rooms, and a marble bathroom with an egg-shaped soaking tub that overlooks the city, mountains, and ocean through a curved wall of windows.

Additionally, on the lower levels, there are four guest bedrooms and a family room that spills out to a gravity-defying backyard through a wall of windows. Featuring a stone-paved built-in grill and bar area, artificial grass, and a pool and spa floating in the treetops above the steep wooded bluff that falls away below the house, the backyard is sure to offer spectacular views from every angle.

‍The hip-hop mogul, who owns a fortune that is estimated to exceed three quarters of a billion dollars, also owns a home in Los Angeles’ Toluca Lake that was purchased and occupied by his ex-wife, Kim Porter, who passed away from pneumonia in 2018. Although the house is in escrow for sale at a price that isn’t quite $7 million, he spent $35 million earlier this year buying an estate on Miami’s exclusive Star Island for nearly 1.5 acres. It’s right next door to an estate he’s been owning since 2003, when he purchased it for $14.5 million.

The eldest of Latsis’ children lives in Athens, where his mother Marianna Latsis runs a sprawling villa in the leafy northern suburbs of the sprawling city. In 2004, he purchased a glitzy Beverly Hills mansion in a gated enclave near Coldwater Canyon in Beverly Hills for $10.5 million from Keyshawn Johnson. It was sold for $11 million just over a year later, and last year he sold an ocean-view penthouse condo in Santa Monica for $4.1 million, twice what he paid 17 years earlier.