The Playboy Mansion Sells for $100 Million

4 months ago by in Architecture, Art & Design

Listed for $200 million, the longtime residence of Hugh Hefner was purchased by next door neighbor Daren Metropoulos

The sale of the Playboy Mansion to next door neighbor Daren Metropoulos has closed for $100 million, according to a spokesperson for Mr. Metropoulos.

The Holmby Hills home was listed for $200 million. Playboy Enterprises founder Hugh Hefner will continue to occupy the Mansion for his lifetime.

Mr. Metropoulos, a 33-year-old principal at private-equity firm Metropoulos & Co. and a current co-owner of Hostess Brands, owns the adjacent property and has restored it. The spokesperson said he intends to connect the two estates after Mr. Hefner`s tenancy ends, creating a 7.3-acre compound..

The mansion, purchased by Playboy Enterprises in 1971 for $1.05 million, is Mr. Hefner`s longtime home and is famous for its parties. Mr. Metropoulos bought the house next door, which had been used by Mr. Hefner`s former wife to raise their two children, from Mr. Hefner in 2009 for $18 million.

Mr. Metropoulos, a 33-year-old principal at private-equity firm Metropoulos & Co. and a current co-owner of Hostess Brands, owns the adjacent property and has restored it.

via MansionGlobal

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