"Daren Metropoulos, the son of billionaire investor C. Dean Metropoulos and principal at the investment firm Metropoulos & Co., has closed sale on the legendary Playboy Mansion. The longtime Holmby Hills home and workspace of Hugh Hefner, the mansion sold for $100 million, half of the $200-million asking price. Still, the sale represents the largest sale ever recorded in Los Angeles County."
"The Playboy patriarch and founder is allowed to remain in residence for the remainder of his life. As part of the sale, Playboy Enterprises will pay Metropoulos $1 million a year to lease the property for Hefner, who turned 90 in April. The mansion's many statues, gargoyles and arcade games were included in the sale."
"The Gothic Tudor-style house has 29 rooms including chef's and catering kitchens, a game room and a screening room with a built-in pipe organ. Twelve bedrooms are within 20,000 square feet of living space; the master suite spans two floors. Exotic birds and other animals roam freely through grounds that include a tennis court, a gymnasium, a four-bedroom guesthouse and the infamous swimming pool and grotto."
Daren Metropoulos, principal at Metropoulos & Co., has completed the purchase of the iconic Playboy Mansion in Holmby Hills for $100 million, establishing the largest real estate sale ever recorded in Los Angeles County. The Gothic Tudor-style mansion, originally built in 1927 for department store heir Arthur Letts Jr., features 29 rooms across 20,000 square feet, including 12 bedrooms, multiple kitchens, a screening room, and extensive recreational facilities. Hugh Hefner, the mansion's longtime resident and Playboy founder, negotiated lifetime residency rights, with Playboy Enterprises paying $1 million annually to lease the property. Metropoulos, who previously purchased an adjacent property from Hefner in 2009, plans to eventually connect the two estates. The sale includes all statues, gargoyles, and arcade games on the grounds.
Read at Los Angeles Times
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