Sold! New Playboy Mansion owner closes deal for $100 million
Tue., Aug. 16, 2016
LOS ANGELES – The deal is done, and the Playboy Mansion has a new owner.
Daren Metropoulos, who lives next door, said Tuesday that escrow has closed on his $100 million purchase of Hugh Hefner’s man cave.
The 33-year-old principal in the investment firm Metropoulos & Co. won’t necessarily be moving in any time soon.
Under terms of the deal, Playboy’s 90-year-old founder may stay there for the rest of his life.
After Hefner leaves, Metropoulos plans to connect the 5-acre Playboy estate to his 2-acre digs next door.
The homes, built in the 1920s, were originally one estate.
Hefner bought the Playboy Mansion for $1.05 million in 1971, quickly turning it into a sexual playground.
In its heyday it was the scene of countless celebrity-filled parties and innumerable tales of sexual shenanigans.
Local journalism is essential.
Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are not tax deductible, but are predominately used to help meet the local financial requirements needed to receive national matching-grant funds.
Subscribe now to get breaking news alerts in your email inbox
Get breaking news delivered to your inbox as it happens.