*Puff Daddy is now a resident of L.A., thanks to a new home he just purchased.
TMZ reports the music mogul spent $40 million on a European villa in Holmby Hills. The location, known for being in one of the most exclusive parts of the city, is near where Michael Jackson died.
The 17,000 square feet main home, which was built six months ago, includes eight bedrooms and 11 bathrooms as well as a 3,000 square foot guesthouse; separate spa house with a steam room, massage room and beauty salon; and a lagoon style pool with a grotto.
Puffy’s purchase caps off years of searching for a home in L.A., with help from mega-realtor Kurt Rappaport, TMZ noted.