NEW YORK (Reuters) -Sean "Diddy" Combs on Friday proposed a new $50 million bail package backed by his Florida mansion that the music mogul hopes will win his release from the Brooklyn jail where he has been held for eight weeks on criminal sex trafficking charges.

After three judges denied his bail request, Diddy's team says new evidence and bond conditions favor this request to be freed ahead of his May trial.

Jailed hip-hop mogul Sean “Diddy” Combs renewed his efforts Friday to be released from Brooklyn’s Metropolitan Detention Center, proposing new conditions including $50 million bond, round-the-clock home detention with security monitoring and strict limits on who he can contact outside his legal team.

The market for Sean ‘Diddy’ Combs’ Beverly Hills mansion, with its alleged ties to his infamous “freak offs,” has reportedly been slow to develop. The disgraced music mogul, 55, listed the mansion for sale over the summer,

A month after Sean "Diddy" Combs was denied bail again, his attorneys filed a new motion Nov. 8 to release him from jail ahead of his May 5 trial.

The disgraced music mogul listed his Calif. home, which was raided by federal agents in March, for sale on September 8

Sean “Diddy” Combs is struggling to sell his Beverly Hills mansion, reportedly due to its high price tag and negative associations with recent controversies. The home, listed at $61.5 million, has seen limited interest since going on the market two months ago,