Date
23 July 2017
The 1927 Gothic Tudor-style mansion is home to the famous Playboy grotto, which over the years served as the setting for some of Hugh Hefner's most lavish, hedonistic parties. Photo: Reuters
The 1927 Gothic Tudor-style mansion is home to the famous Playboy grotto, which over the years served as the setting for some of Hugh Hefner's most lavish, hedonistic parties. Photo: Reuters

Hugh Hefner’s Playboy Mansion sells for US$100 million

Hugh Hefner’s Playboy mansion in Los Angeles, California, has been sold for US$100 million.

And Hefner, the 90-year-old founder of the Playboy empire, will still live in it for the rest of his life, Reuters reports.

The property was bought by Daren Metropoulos, a principal at private equity firm Metropoulos & Co., for half of the $200 million it was initially listed for earlier this year.

Metropoulos said Hefner’s 1927 Gothic Tudor-style mansion, which has an area of 20,000 square feet (1,858 square meters), had a “rich and storied legacy” and is a “masterpiece in design”.

Hefner and Playboy Enterprises did not comment on the sale.

The property, which was purchased by Playboy in 1971 for a reported US$1.1 million, sits amid 5 acres (2 hectares) 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.

It is home to the famous Playboy grotto, which over the years served as the setting for some of Hefner’s most lavish, hedonistic parties.

A news release issued by the buyer’s representative 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.

– Contact us at english@hkej.com

CG 

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