Metropoulos co-manages Metropoulos & Co. with his billionaire father Dean.
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The mansion was built in 1927 and purchased by Playboy in 1971 for a reported $1.1 million, a figure property agents said was the largest real estate transaction in Los Angeles history at that time.
The Playboy Mansion has been sold to what might seem to be an unlikely buyer. He is passionate about the neighborhood’s architecture, a representative said.
Metropoulos purchased the next-door estate from Playboy in 2009, reportedly paying $18 million for it. Once Hefner’s tenancy ends, Metropoulos apparently intends to connect the two properties into a single 7.3-acre estate.
John Vlautin, a spokesman for Playboy Enterprises Inc., confirmed that Metropoulos was the buyer, and declined to provide additional details. The home was originally listed for $200 million.
Hugh Hefner, Playboy’s 90-year-old founder, will be permitted to continue living at the Holmby Hills estate for the rest of his life, according to the report.
Daren Metropoulos “is pleased to continue to have Mr. Hefner as his neighbor and feels fortunate and privileged for the opportunity to serve as a steward of this historic property”, Hannah Arnold, a spokeswoman for Metropoulos & Co., said in a statement.
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On June 1, the Australian Business Review posted that the sale of the mansion ties in with Playboy Enterprises chief executive Scott Flanders leaving the company to join private health insurance exchange, eHealth Inc., as its CEO. It also boasts a zoo license, according to the listing.
