Hugh Hefner’s Playboy Mansion sells for $100 million

August 17, 2016

The famed LA Playboy mansion has been sold for $100 million, and Hefner, 90, will live in the mansion for the rest of his life, a rep for the buyer said in a news release on Tuesday (Aug 16).

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The property was bought by Daren Metropoulos, a principal at private equity firm Metropoulos & Co. The mansion was originally listed for $200 million.

Metropoulos said Hefner’s 1927 Gothic Tudor-style mansion, which has an area of 20,000 square feet, has a “rich and storied legacy” and is a “masterpiece in design.”

Hefner and Playboy Enterprises did not comment on the sale.

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The property, purchased by Playboy in 1971 for a reported $1.1 million, sits amid 5 acres in Holmby Hills, west of Los Angeles, and includes 29 rooms, a tennis court and a free-form swimming pool – and has a zoo license.

The news release said that after Hefner’s tenancy concludes, Metropoulos plans to reconnect the Playboy Mansion property with a neighboring estate that he purchased in 2009, combining the two for a 7.3 acre (3-hectare) compound as his own private residence.

 

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