The Playboy Mansion Sells to Its Neighbor for ...

The Playboy Mansion Sells to Its Neighbor for a Record $100 Million

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Hugh Hefner’s Playboy Mansion formally has another owner: Daren Metropoulos, 33-year-old principal at private-value firm Metropoulos and Co and co-proprietor of Hostess Brands.

Metropoulos, 33, is the child of an extremely rich person C. Senior member Metropoulos. Metropoulos and Co. broadly purchased Hostess after the organization petitioned for insolvency.

This house is famous for its unbelievable Hollywood gatherings and dreams was initially put available for $200 million yet sold for a large portion of that, as per a public statement.

“For the last 45 years, Mr. Hefner has imbued the estate with a rich and storied legacy,” Metropoulos said. “The property’s heritage is not only that of a famous address; it is a true masterpiece in design, constructed by a noted architect for a family who played an important role in the development of Los Angeles in the early 20th Century.”

Build in 1927, the five acre of land property highlights 20,000 square feet of living space, a notorious swimming pool and one extremely special element: an official zoo permit.

daren-metropoulos-portrait

Since 1971, Hugh Hefner, the Playboy founder has managed the spot and utilized it as both his home and office. It’s the most costly recorded home sale in Los Angeles County history.

Hefner purchased it in 1971 for a simple $1.1 million. He included a warmed swimming pool and a cavern in the 1970s.

The Playboy Mansion, which is situated on five acres of land of area, was recorded for $200,000,000, as indicated by the posting. The 5- acre 1927 mansion is described as the “crown jewel of L.A.’s ‘Platinum Triangle,”. It gloats 29 rooms, including a wine basement, a home theater and a cooking kitchen. It likewise has its own zoo permit.

“The Playboy Mansion is one of the most iconic properties in the world and the crown jewel of Holmby Hills and the platinum triangle,” Metropoulos said in a statement.

“If the purchase closes and at some point after Mr. Hefner’s tenancy ends, Mr. Daren Metropoulos intends to reconnect the two estates, ultimately returning the combined 7.3-acre compound to the original vision executed by noted architect Arthur R. Kelly and its first owner, Arthur Letts, Jr., the department store heir whose father conceived and developed Holmby Hills when it was the Wolfskill Ranch,” Metropoulos’ business, Metropoulos & Co., said in a statement.

“In the meantime,” the statement continued, “he is pleased to continue to have Mr. Hefner as his neighbour and feels fortunate and privileged for the opportunity to serve as a steward of this historic property.”

“I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come,” he said in a statement.