The Playboy Mansion have been on the market finding it’s new owner. But now the deal is done, Playboy Mansion has a new owner now who lives right next door. 32-year-old Daren Metropoulos, son of a famous billionaire, and a principal at the investment firm Metropoulos & Co., bought this iconic home for &100 million. The Wall Street Journal was the first to report the sale.
Hugh Hefner, The home’s previous owner, will be allowed to remain in the Playboy Mansion for the rest of his life, under the terms of his agreement with Metropoulos. Although, Playboy Enterprises will pay $1 million/per annum to lease the property.
“The Playboy Mansion is one of the most iconic properties in the world and the crown jewel of Holmby Hills and the platinum triangle,” Metropoulos said in a statement.
The 5- acre 1927 mansion is described as the “crown jewel of L.A.’s ‘Platinum Triangle,” and was for sale for $200 million in January, by broker Mauricio Umansky of The Agency, as well as Gary Gold and Drew Fenton of Hilton & Hyland. The final sale price was not released. According to the listing, the property’s various livelihood includes a home theater, wine cellar, Twelve bedrooms that are within 20,000 square feet of living space, separate game house, tennis court, gym, separate four-bedroom guesthouse, freeform swimming pool, and a large, cave-like grotto. The estate is also among a select number of L.A. homes to have a zoo license.
Metropoulos, who currently lives next door, said “I feel fortunate and privileged to now own a one-of-a-kind piece of history and art,”
The new owner also wants to connect his new home with his last home that is just next door to his new house. He said “I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come.”
According to The Wall Street Journal, Playboy Enterprises purchased the mansion was purchased in 1971 for $1.05 million. Hefner has lived there since then.
“For the last 45 years, Mr. Hefner has imbued the estate with a rich and storied legacy,” Metropoulos said. “The property’s heritage is not only that of a famous address; it is a true masterpiece in design, constructed by a noted architect for a family who played an important role in the development of Los Angeles in the early 20th Century.”