News

Actions

The Playboy Mansion might go for over $100M, and Hef is included

Posted: 10:40 AM, Jun 07, 2016
Updated: 2016-06-07 11:40:08-04

The Playboy Mansion's new owner won't have that far of a move.

Next-door neighbor Daren Metropoulos is buying Hugh Hefner's digs. Unnamed insider sources  told Variety  the house going for $120 million.

That'd be about $80 million less than it was listed for, but a final offer like that would reportedly take a record for  highest-priced  residential sale in Los Angeles.

The Playboy Mansion boasts  29 rooms , a tennis court, a zoo license and, of course, the infamous grotto.

Metropoulos is a high-ranking member of the private equity firm Metropoulos & Co., whose famous deals have involved Hostess Brands and Pabst Brewing Co.

Metropoulos told The  Wall Street Journal , "The heritage of this property transcends its celebrity, and to have the opportunity to serve as its steward would be a true privilege."

"Steward" might be a good word, seeing as the deal stipulates Hefner still gets to live in the mansion until his death. A representative for Metropoulos told The Wall Street Journal when Hefner does pass, Metropoulos plans on combining his neighboring properties into a 7.3-acre compound.

This video includes clips from  Playboy Pabst Blue Ribbon WNWO  and  Business Insider  and images from Getty Images and  Hilton & Hyland . Music provided courtesy of APM Music.

Follow 38 TheSpot on Twitter

Connect on Facebook