Monday, June 6, 2016

Playboy Mansion’s Neighbor to Buy the Property

Financier who owns the adjacent property to purchase mansion, which was listed for $200 million


The Playboy mansion, a stately 1927 manor in the Los Angeles neighborhood of Holmby Hills, is in contract to be sold to a financier who owns the adjacent property, according to a representative for the buyer.
The mansion owned by Playboy Enterprises was listed for $200 million by broker Mauricio Umansky of the Agency, as well as Gary Gold and Drew Fenton of Hilton & Hyland.
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According to the terms of the sale, Mr. Hefner has the right to remain in the mansion for the rest of his life. After Mr. Hefner’s tenancy ends, Mr. Metropoulos intends to connect the two estates into a combined 7.3-acre compound, the representative said.
The roughly 20,000-square-foot Playboy mansion has 29 rooms, including 12 bedrooms, on 5 acres, according to the sales listing. It is one of the few private residences in Los Angeles with a zoo license, the listing says. Playboy Enterprises acquired the property in 1971 for $1.05 million.

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