Hugh Hefner's five-acre Los Angeles estate just hit the market with a $200 million asking price. The buyer has to agree to allow Hefner to live there until he dies.
The legendary Playboy Mansion is for sale, and included with the real estate transaction is the home’s famed playboy himself, Hugh Hefner, who’s called the mansion home since he purchased it for just over $1 million in 1971.
That’s right. The next owner of the Playboy Mansion must agree to keep the 89-year-old Hefner as a roommate for the remainder of his life.
“The Playboy Mansion has been a creative center for Hef as his residence and workplace for the past 40 years, as it will continue to be if the property is sold,” Playboy Enterprises CEO Scott Flanders said in a press release. Playboy Enterprises owns the estate.
With a list price of $200 million, the iconic 22,000-square-foot Los Angeles mansion is one of the most expensive homes for sale in the United States, the Los Angeles Times reports. The mansion is listed with The Agency and Hilton & Hyland, an affiliate of Christie’s International Real Estate.
The Gothic Tudor-style mansion, built in 1927, is part of a sprawling five-acre estate in the affluent Holmby Hills area of Los Angeles. The Playboy press release describes the property as “the crown jewel of L.A.’s ‘Platinum Triangle,'” a nickname for the wealthy neighborhoods of Holmby Hills, Bel Air and Beverly Hills.
The 29-room mansion includes a home theatre, wine cellar and catering kitchen. The property is also home to the infamous Playboy pool and cavelike grotto, a tennis court, gym, separate game house, a zoo with exotic birds and monkeys, and a four-bedroom guest house.
“The property’s size and location may be its strongest selling point, given that former Hefner ‘girlfriends’ have described the house itself as dated and tired,” Forbes said. Still, the property’s steep list price of $200 million even tops the 53,000-square-foot Palazzo di Amore, which hit the market last year for $195 million. That asking price has since been slashed to $149 million, according to the LAT.
Flanders said the sale of the Playboy Mansion will enable Playboy Enterprises “to continue to reinvest in the transformation of our business.”
After 62 years featuring naked Playmates and models, Playboy magazine announced in October that it was shifting gears, dropping photos of fully naked women and redesigning the magazine. The redesigned Playboy is expected to hit stores next month.
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