LOS ANGELES (AP) – Hugh Hefner’s Playboy Mansion is about to acquire a new owner – the wealthy businessman who lives next door.
Representatives for Playboy Enterprises and Daren Metropoulos confirmed Monday that Metropoulos’ bid to buy Hefner’s man cave is in escrow.
Both sides declined to reveal the sale price until escrow closes, but a representative for Metropoulos said terms would allow Playboy Magazine’s 90-year-old founder to remain in the mansion for the rest of his life.
The home in LA’s fashionable Holmby Hills was originally listed at $200 million, but local real estate agents said at the time that appeared ridiculously overpriced. A nearby property sold last year for $59 million.
Metropoulos bought his current home next door to the mansion from Hefner in 2009 for $18 million.