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Sean “Puff Daddy” Combs Slashes Price On New Jersey Mansion

The rapper/entrepreneur doesn’t have to worry about "mo' money" bringing "mo' problems" to his (surprisingly ordinary) suburban home, because it still hasn’t sold.

It’s “All About the Benjamins” for Sean “Puff Daddy” Combs, and he’s hoping to make a boatload of them on his home for sale in Alpine, NJ. Unfortunately, that’s easier said than done. Puff Daddy, who just signed on as Team Pharrell’s adviser on The Voice, first put the home on the market back in 2011 for $13.5 million but didn’t manage to snag a buyer. He relisted it again last year after a $5 million price cut, and it still didn’t sell. Now, he’s finally dropped the price even more, landing at the oddly specific price of $7,988,888.

Built back in 1999, the seven-bed, nine-and-a-half-bath home is a stunning brick estate on 3.25 acres of rolling grass and carefully manicured greens. With stunning sunset views and a spot in one of Alpine’s most coveted gated communities, the home doesn’t skimp on luxury. Its 8,800 square feet include formal living and dining rooms, a great room with a large fireplace, a classic mahogany-paneled library, and a chef’s kitchen with a breakfast nook.

Three master bedroom suites have their own sitting rooms and walk-in closets, and a few have fireplace saunas. The three additional bedrooms on the second floor have private, en-suite bathrooms and walk-in closets as well. For the busy household, the basement features a kitchen of its own, as well as a wet bar, custom home theater, aquarium, and an additional bedroom with a full bathroom. Fit in a quick game on the indoor basketball/racquetball court, or head to the fully equipped gym (with a full bath) to get in a workout. Oh, and let’s not forget the swimming pool with waterfalls, private putting green, lighted tennis court, or the six-car attached garage, because no professional rapper is going to scurry around town in just one measly Hyundai.

Puff Daddy bought the palatial estate back in 2004 for $6 million. Word is, the taxes on this “Bad Boy (For Life)” are almost $47,000 a year. Ouch! But in the grand tradition of successful rappers, this isn’t his only property. Back in 2014, he dropped $40 million on a European-style mansion in the luxe Los Angeles, CA, community of Holmby Hills. Sounds like when Puff Daddy says, “Can’t Nobody Hold Me Down,” he means it.

Images courtesy of Sotheby’s International Realty. The listing agent is Joshua Baris.