Diddy is looking for TWO new party pads, one in Beverly Hills and one in Manhattan... and each will cost over $10m

By Heidi Parker

PUBLISHED: 11:17 EST, 17 March 2014 | UPDATED: 11:45 EST, 17 March 2014

He's worth $650m so why wouldn't he be collecting real estate?

On Monday it was reported Diddy - also known as Sean Combs and Puff Daddy - has been interested in buying two new properties that have to be big enough to throw massive parties at.

According to TMZ, the ex-boyfriend of Jennifer Lopez is looking into a $12m Mediterranean mansion near Beverly Hills. The same day PageSix announced the Come To Me singer was looking to sell his midtown Manhattan apartment for $7.9m so he could buy another bigger and much more expensive dwelling farther downtown.

He's got cash to burn: Diddy is interesting in buying two new properties worth over $10m each

He's got cash to burn: Diddy is interesting in buying two new properties worth over $10m each

As far as the LA property, located in the gated Beverly Ridge area, Diddy reportedly wants to make sure he can throw big fetes there before writing a check.

TMZ reported, 'The mogul is asking the local homeowners' association about its party policies... But we're told he won't make an offer if he and his friends can't cut loose.'

Neighbors aren't too keen on having noisy soirees taking place so they ask that all guests be cleared through security before entering, and if someone has a major bash, they must hire extra security and a valet service.

Could this be his next lair? TMZ reported on Monday the mogul is keen on a $12m mansion in Beverly Ridge

Could this be his next lair? TMZ reported on Monday the mogul is keen on a $12m mansion in Beverly Ridge

Room for living: The home features several sitting areas, like this space complete with a crystal chandelier

Room for living: The home features several sitting areas, like this space complete with a crystal chandelier

Roomy: The pad is 11,200 square feet in size and is on the market for $12m

Roomy: The pad is 11,200 square feet in size and is on the market for $12m

The spread, which includes a pool and home theater, is 11,200 square feet.

It was previously owned by Keyshawn Johnson. who built it in 2003. He then sold it in 2004 to Paris Hilton's former fiancé Paris Latsis.

Last year Kim Kardashian was 'seriously considered buying it but ultimately settled on a nearby $11 million Bel Air mansion,' according to the site.

Dinner anyone?: The dining room seats 12 people and is off the chef's kitchen

Dinner anyone?: The dining room seats 12 people and is off the chef's kitchen

Chopping space: The kitchen features a large island, and to the left there is another dining area

Chopping space: The kitchen features a large island, and to the left there is another dining area

The property is being sold by Mauricio Umansky, who's married to Kyle Richards of The Real Housewives Of Beverly Hills.

As far as his New York City property, he wants to sell the 56th street dwelling - which is on the 66th floor - because he needs a pad bigger for his loud events.

Diddy owns two alcohol labels which he promotes heavily with his A-list friends: DeLeón tequila and Ciroc vodka.

Movies all day and night: The home theater seats seven and has an over-sized screen

Movies all day and night: The home theater seats seven and has an over-sized screen

Behind the 8 ball: A pool table takes up one of the rooms where large lamps hang from the ceiling

Behind the 8 ball: A pool table takes up one of the rooms where large lamps hang from the ceiling

Fit for a king: The Grammy favorite might call this bathroom, which has both a shower and a tub, his own

Fit for a king: The Grammy favorite might call this bathroom, which has both a shower and a tub, his own

'Diddy wants to move downtown, into a larger apartment where he can entertain and throw parties without disturbing the neighbors.' a source told the site.

The $7.9m home offers views of Central Park, is 2,300 square feet.

'It has a piano room, a living room with a built-in 90-inch flat-screen TV, as well as a Crestron system that controls the sound throughout the entire place,' according to PageSix.

As beautiful outside as in: The pool is surrounded by lush grass and a covered patio

As beautiful outside as in: The pool is surrounded by lush grass and a covered patio

Room to lounge: His ladies, which in the past have included Jennifer Lopez and Cassie, have plenty of spots to sunbathe

Room to lounge: His ladies, which in the past have included Jennifer Lopez and Cassie, have plenty of spots to sunbathe


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I would not want to have him as a neighbor.

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Amazing that this thug amassed such a fortune. Nothing good or nice about this man.

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good for him

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Well deserved he's a hard worker and Partier at the same time!!

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Who the hell is he? Did he get his start in the business from Ken Dodd?

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What fully grown man chooses to call himself Diddy

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I don't believe he's worth that much--all he does is host parties for a fee. He does not own Ciroc alone either--which is technically a vodka, but really a sweetened wine, full of sugar, btw.

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It's a really nice house that needs a simple make-over. The outdoor grounds look private, so much more than that White Elephant Konway and Kim bought in Bel Air. I would buy this house in a heartbeat over the house Konway and kim bought. This house has privacy on all sides, with no neighbors. Google or Bing Maps this address and see now private it is. This house is a great investment. 8 Beverly Ridge Terrace Beverly Hills, CA 90210 .

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He earned it, and he can spend it the way he wants. Diddy is not just a pretty face - he works hard for his money and parrrtyyy hard too!

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Cool house, but it could use a new interior designer to fix it up.

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