Diddy has sold one of his crown jewel properties. The incarcerated mogul unloaded his waterfront Star Island mansion in Miami for $55 million.

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The buyer was JFStar LLC, a company led by John A. Franklin of Virginia Beach. The nearly 8,000-square-foot estate features six bedrooms, eight-and-a-half baths, a pool, spa, and a private dock.

Diddy originally purchased the property from Gloria and Emilio Estefan in 2021 for $35 million. Consequently, he walked away with a $20 million profit.

The mansion was one of the homes where Diddy hosted his infamous White Parties. It also became tied to allegations in his federal trial.

The sale comes as Diddy serves his 50-month sentence at FCI Fort Dix. He was convicted on two counts of transportation to engage in prostitution but acquitted of racketeering and sex trafficking.

He still owns his main estate next door at 2 Star Island Drive. He previously attempted to use the property as collateral in a failed bid for bail.

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