LA’s Playboy Mansion sale closes for $100M

Buyer Daren Metropoulos had been rumored to be backing out of transaction

TRD MIAMI /
Aug.August 16, 2016 02:15 PM

From the Los Angeles website: The much buzzed about deal for the Playboy mansion has finally closed for $100 million, despite speculation that the buyer was backing out.

The buyer, Twinkie heir Daren Metropoulos, confirmed in a statement that the deal was completed.

The 20,000-square-foot mansion now holds the title as the priciest sale in Los Angeles history. The 90-year-old Hefner, America’s original playboy, will remain in his pleasure palace until his death, per the terms of the deal.

Metropoulos, the 33-year-old son of Hostess investor C. Dean Metropoulos, already owns the house next door. He plans to combine the two estates into one massive 7.3-acre compound — how the original architect, Arthur Kelly, envisioned the property in 1927 — after Hefner’s day.

“I feel fortunate and privileged to now own a one-of-a-kind piece of history and art,” he said in the statement. “I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come.”


Related Articles

arrow_forward_ios
National Cheat Sheet: Treasury issues new LLC disclosure law … & more

National Cheat Sheet: Treasury issues new LLC disclosure law … & more

What will happen to the Playboy Mansion now that Hugh Hefner is dead?

What will happen to the Playboy Mansion now that Hugh Hefner is dead?

LA is experiencing the rise of the modern spec home

LA is experiencing the rise of the modern spec home

Playboy Mansion will need a full-frontal renovation

Playboy Mansion will need a full-frontal renovation

Playboy Mansion deal falls through: report

Playboy Mansion deal falls through: report

How famous interior designers would renovate the Playboy Mansion

How famous interior designers would renovate the Playboy Mansion

Hugh Hefner’s neighbor is buying the Playboy Mansion in LA

Hugh Hefner’s neighbor is buying the Playboy Mansion in LA

LOS ANGELES, CA - AUGUST 25:  A general view of the Playboy Mansion at "The Transporter Refueled" Los Angeles screening held at The Playboy Mansion on August 25, 2015 in Los Angeles, California.  (Photo by Michael Tran/FilmMagic)

Playboy Mansion is worth $90M at best, broker says

arrow_forward_ios
Loading...