Magazine article Variety

Diddy Slashes Price on Alpine Mansion

Magazine article Variety

Diddy Slashes Price on Alpine Mansion

Article excerpt

After his New Jersey mansion spent nearly five years on and off the market, hip-hop heavyweight Sean "Diddy" Combs has once again substantially slashed its price. Located about 20 miles north of Midtown Manhattan in the tiny but prodigiously affluent borough of Alpine, the 3.25-acre estate first popped up for sale over the summer of 2011 at $13.5 million, and since then has undergone numerous discounts that have dropped the asking price to its present sub-$8 million level. Combs acquired the nearly 9,000-square-foot vaguely Colonial-style red brick mansion in July 2004 for $6 million. Marketing materials show that the 20-some-room behemoth has seven bedrooms - three multi-room master suites and three en suite bedrooms with walk-in closets, plus a staff bedroom in the basement - and a total of 9.5 bathrooms in about 17,000 square feet.

Formal living and dining rooms flank a voluminous central foyer that opens to a grandiosely cavernous double-height great room with wet bar and fireplace. …

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