The end of an ERA!
The Playboy mansion is getting sold- not to a playmate, or a Hefner family member but…the neighbor.
Daren Metropoulos, a principal at private-equity firm Metropoulos & Co. has been a neighbor to the house (sorry about the noise, Daren!) since 2009, is in contract to purchase the property. Apparently he’s not into the mansion’s notoriety as much as he is in its architecture- the place was built by Arthur Rolland Kelly, who designed hundreds of Los Angeles homes in the area.
“The heritage of this property transcends its celebrity, and to have the opportunity to serve as its steward would be a true privilege,” Mr. Metropoulos said. He declined to disclose the purchase price.
The home was listed for $200 million by broker Mauricio Umansky of The Agency, as well as Gary Gold and Drew Fenton of Hilton & Hyland.
Jeffrey Hyland, the president of Hilton & Hyland, said the price was “nine digits” and would set a record for the highest-priced residential sale in Los Angeles. He said there were multiple offers for the property.
The mansion was originally purchased by Playboy Enterprises in 1971 for $1.05 million, and as everyone knows, is the home of Hugh Hefner. Metropoulos could buy the place under one condition: that Hef can remain in the home for as long as he lives. He’s 90, which means, you know, give it a few years!
Metropoulos intends to connect the two estates into a combined 7.3-acre compound, a representative for him said, and he’s gonna upgrade the place. INCLUDING the grotto, I assume…