Diddy Lists His NYC High-Rise Panty-Dropping Palace for $7.999 Million

Got $8million bucks to spare ? Try … Puff DaddyDiddy’s NYC High-Rise Panty-Dropping Palace

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The hit-maker is hoping he has the same golden touch in the real estate market after putting his NYC pad on the market for $7.999 million.

And CB! has pics of the contemporary cool crib, including his crystal clear grand piano and his artful tribute to Biggie.

The fourth time may be the charm for P.Diddy (aka Puffy, Puff Daddy, Sean Combs, et al) since he first listed it in 2012 for $8.5 million and twice in 2013 for $7,999,995.

So he thought knocking off a whopping $995 big ones would seal a potential deal.

We’re not so sure that tactic will prove financially fruitful, but the super-stylized spread is sure to impress.

Described as an “urban oasis in the sky,” the rapper is paying the big bucks for amazing panoramic views of Central Park and uptown Manhattan.

Diddy’s modern taste is completely customized and personalized. Originally a 3-bedroom, the uber-producer revamped the 2,300 square foot sky-high condo into a 2-bedroom by adding a piano room and wet bar (with a magnum of champagne front and center, of course) designed just for Diddy’s infamous celeb soirees, and a floor-to-ceiling windowed eat-in kitchen that’s been outfitted with a breakfast banquette and television.

And there’s plenty of other fancy features fitting of the flashy music mogul — a marble clad foyer with customized wall treatments and glittery light fixtures, Venetian plaster ceilings, and specially designed closets with humidors to preserve all those designers duds.

Enter the living room to find a massive 90-inch flat screen TV, world-class sound system, and electronic blinds and black out shades from the screening room to the master bedroom, and marble-swathed spa bathrooms.

Real estate bidding wars: It’s every man for himself

Home buyers of all ages are finding themselves facing multiple offer situations across the country and not just in the hot markets of Toronto and Vancouver.

Can you ever come back from that type of credit meltdown, one that even saw you declare bankruptcy? The answer is yes but it will take time

“It’s becoming more of a reality,” says Belinda Lelli, a Toronto realtor with Royal LePage. “There’s just nothing out there. There is zero supply and 100% demand.”

And as the spring market heats up — the Canadian Real Estate Association and Sotheby’s International Realty Canada released reports this week predicting growing sales and prices nationally — the forecast is for the tight supply to continue.

“In Toronto and Vancouver, we’re starting to see bidding wars that we haven’t seen in two or three years,” says Ross McCredie, president and CEO of Sotheby’s International Realty Canada.

“That is shocking a lot of people; despite all of the headlines about our over-inflated real estate market, we continue to see a lot of demand.”

With the increased competition, Ms. Lelli says people could face a number of rounds of bidding which means you may have a few chances to increase your original offer. But with BMO research saying that one in three Canadians are willing to enter into a bidding war and a third of first-time home buyers will break their budgets for the right home, people need to be careful not to get too emotional.

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