Diddy purchases a 17,000 square foot mansion near Michael Jackson’s old home.

Just like that, Diddy dropped a measly (for him, of course) $40 million on a European villa in Holmby Hills. TMZ reports that the hip hop mogul dropped nearly $50 million on a 17, 000 square foot home that was built just six months ago. The estate is actually not too far from where the late Michael Jackson passed away. TMZ reports the estate has

“8 bedrooms and 11 bathrooms. The main house is 17,000 square feet with a 3,000 square foot guesthouse. And, there’s a separate spa house that has a steam room, massage room and beauty salon.”

Check out the aerial view of the home below via TMZ.