Hugh Hefner will remain in the home until his death
The Playboy Mansion was recently sold to entrepreneur Daren Metropoulos, who also happens to live right next to the property.
Mr. Metropoulos shared with Entertainment Tonight: “The Playboy Mansion is one of the most iconic properties in the world and the crown jewel of Holmby Hills and the platinum triangle.
For the last 45 years, Mr. Hefner has imbued the estate with a rich and storied legacy. The property’s heritage is not only that of a famous address; it is a true masterpiece in design, constructed by a noted architect for a family who played an important role in the development of Los Angeles in the early 20th Century.”
Although Hefner intended to sell it for $200 million, the final price tag was ultimately reduced with reports that the 90-year-old mogul would remain living there until his death.
The young business man, son to billionaire C. Dean Metropoulos, had purchased the home next to the Playboy Mansion for $18 million and plans to merge the two properties.
“I feel fortunate and privileged to now own a one-of-a-kind piece of history and art. I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come,” he stated.
The famous mansion has 22 rooms which include a wine cellar, a games room, a basketball court, a waterfall, among other forms of entertainment. The Playboy magazine offices also reside in the same property.
The 21,987-square-foot home was designed by Arthur R. Kelly in 1927. Hefner is currently living there with his 30-year-old wife, Crystal Harris.