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.