Hugh Hefner Reportedly Sells Playboy Mansion To Neighbor
Hugh Hefner has given up his Playboy ways, or his Playboy Mansion at least. According to The Wall Street Journal, the 90-year-old founder of Playboy Enterprises, Inc. has sold his (1927) mansion to his neighbor, Daren Metropoulos.
Metropoulos is a principal at Metropoulos & Co, a private equity firm. He's also the purchaser of the neighboring property from Hefner in 2009 for $18 million. The Playboy Mansion was apparently on the market for $200 million and is nearly a 22,000-sq-ft piece of property. "The heritage of this property transcends its celebrity," Metropoulos told the publication. "To have the opportunity to serve as its steward would be a true privilege."
Purchased in 1971 by Playboy Enterprises for $1.1 million, the mansion became the most famous party house in the world. The house has a tennis court, swimming pool, home theatre, wine cellar and game section. There has been no confirmation on how much was paid for the property, but Hefner does have the right to live on the property until his death.
What does this mean now for the historic mansion?