Advertisement

Hugh Hefner’s Playboy Mansion Sold For $100 Million

The Playboy Mansion has officially been sold for $100 million (£77m) – but former owner Hugh Hefner, 90, can live there for the remainder of his life.

Under the terms of the deal – signed provisionally by both sides and announced in June – Playboy will pay the famed mansion’s new owner $1m a year for upkeep.

Copyright [AKM-GSI / Splash News]

The Holmby Hills estate – owned by Playboy Enterprises – was bought by businessman Daren Metropoulos, who lives next door to the property, and plans to reconnect the five-acre estate to his own home in the future.

The Playboy founder bought the 21,987-square-foot mansion for $1.05m in 1971, but put the estate on the market for $200m – double the final sale price, so Daren, whose father is billionaire C. Dean Metropoulos, scored a bargain.

The sprawling property comes complete with 29 rooms, including 12 bedrooms, and a cinema, tennis courts, waterfall, swimming pool and extensive wine cellar; it also houses the Playboy Magazine HQ in a separate wing.

Copyright [Splash News]

Upon final sale, Metropoulos said that Hefner’s Gothic-Tudor style home – designed by Arthur R. Kelly in 1927 – had a “rich and storied legacy” and is a “masterpiece in design.”

“I feel fortunate and privileged to now own a one-of-a-kind piece of history and art,” he said in a statement. “The Playboy Mansion is one of the most iconic properties in the world and the crown jewel of Holmby Hills and the platinum triangle.

“I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come.”

Home sweet home!