Combs originally lived in the house with his longtime girlfriend, Kim Porter and their son Christian.
According to The Post, the mansion is being put up for sale because Combs and Porter spend more time in Los Angeles.
But the rap mogul will not be without a roof over his head after the sale of his New Jersey mansion.
In addition to his mansion in Los Angeles, Combs has residences in Miami, New York and Atlanta.
As for Porter, Combs purchased her a $5 million, 9,655-square-foot, six bedroom, mansion in Toluca Lake, California last year.
Seen at: Allhiphop