Sale of the Playboy mansion is reportedly underway with a financier who owns the adjacent property, allowing Hugh Hefner to remain in the house for life.
The sale price couldn’t immediately be confirmed, according to The Wall Street Journal. The mansion was listed for $200 million and is owned by Playboy Enterprises.
A Playboy spokesman confirmed to TheWrap that the mansion is in contract.
Daren Metropoulos, the reported buyer, lives directly next door and is a principal at private-equity firm Metropoulos & Co. which co-owns the resurrected Hostess Brands. He bought his current house from Hugh Hefner for $18 million back in 2009.
“The heritage of this property transcends its celebrity and to have the opportunity to serve as its steward would be a true privilege,” the 32-year-old Metropoulos told the WSJ.
According to the terms of the sale, Hefner can live in the mansion for the rest of his life. Metropoulos reportedly plans to combine to two properties once Hefner is no longer a resident.