Diddy Is The Mystery Buyer Of Gloria Estefan’s $35 Million Miami Star Island Mansion

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You would possibly bear in mind some time again when it was reported that an unnamed purchaser paid some $35 million for what was as soon as the “Nena’s Villa” of Gloria and Emilio Estefan, on the unique Star Island neighborhood off the coast of Miami. Now, TMZ is reporting that the identification of that purchaser is none aside from rap royalty Sean “Diddy” Combs. And it will not be Diddy’s first acquisition on the island.

Diddy has reportedly owned the house subsequent door to his new acquisition since 2003. It is potential he is planning to mix the 2 properties into one huge property, or perhaps he’ll use it as a granny flat, because the Estefans had been doing.

Even when he retains the 2 properties separate, he is received loads of area, since his new buy spreads throughout nearly 8,000 sq. toes, plus a two-story visitor home that is a formidable residence all by itself.

Dia Dipasupil/Getty Photographs

The Estefans made a bundle in comparison with how a lot they paid for all of it the best way again in 1993: simply $1.8 million.

Diddy wasn’t fairly paying high greenback when he received the house for $35 million. When the property was initially listed on the market in 2015, it was with an asking worth of $40 million. Then, it was listed once more in 2019 for $32 million. Diddy ultimately entered the image and roughly break up the distinction at $35 million.

For a few years Gloria’s mom lived on the property. Upon her passing the Estefans turned it right into a rental property — at one level it was reportedly going for as a lot as $30,000 per thirty days.

Diddy’s Star Island actual property mission places him in a variety of different well-known firm, even with out the Estefans.

Shaq and A-Rod each personal houses on Star Island, as do Pharrell Williams, Floyd Mayweather, Matt Damon, and plenty of others.


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