Puff Daddy Comes Home to Beverly Hills
Sean “Puffy” Combs, whose Bad Boy Entertainment has ruled the nation’s pop album and singles charts and who became a bestselling rap artist as well as a record company CEO with his 1997 hit “No Way Out,” has purchased his first California home for about $3 million.
A Dartmouth MBA and one of the hottest artists and entrepreneurs in hip-hop and R&B;, Combs bought a newly built home in the Beverly Hills area. The house, behind gates with a pool, has seven bedrooms in 8,300 square feet.
Combs, 27, also has a home that he bought for $2.7 million in March in the Hamptons, where he recently invested millions as a partner in a magazine called Notorious, like his late friend, rapper Notorious B.I.G. A prototype of the redesigned bimonthly, focusing on “being notorious in many aspects of life,” is on newsstands this month.
In November, Combs bought a Park Avenue building, where he also plans to live, for more than $10 million. The building has two quadriplexes that he will keep as rentals.
Susan Del Prete of Nelson Shelton & Associates, Beverly Hills, represented Combs in his California purchase.
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Former Dodger catcher Mike Piazza, who signed a seven-year, $91-million contract--the largest in baseball history--with the New York Mets in October, is looking to buy a 3,000-square-foot-plus downtown Manhattan loft or penthouse with outdoor space.
Roger Erickson of the William B. May Co. has been showing properties to Piazza, who was paid $8 million this year in the second year of a $15-million contract with the Dodgers before he was traded in May. Piazza, 30, has looked to buy in Soho and TriBeCa, Erickson said, and he “seems to have an open budget.”
Piazza looked at a $3.5-million penthouse and a $5.9-million apartment with six bedrooms on Fifth Avenue.
The Dodgers’ most popular and productive player was traded after he rejected their $79-million offer. Concerned that he might leave with no replacement, the Dodgers traded him to the Marlins, who traded him to the Mets.
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Tony- and Emmy-winning actress Nanette Fabray, who has been busy traveling, has put her Manhattan Beach ocean-view townhouse up for lease at $3,950 a month, furnished, and has listed her 412-acre ranch in north San Diego County at $850,000.
Fabray, in her 70s, co-starred this fall in a revival of “On Golden Pond” in Munster, Ind. She won three Emmys for her work on the ‘50s NBC series “Caesar’s Hour,” and she starred in a ‘60s sitcom. She also has starred in several Broadway shows.
Cynthia Satterfield, Re/Max Westside Properties, Brentwood, has the listings.
Hot Property is published Thursdays in SoCal Living and Sundays in Real Estate.
