Daren Metropoulos, a principal at investment firm Metropoulos & Co., acquired the property for $100 million Page Six learned.
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Hef’s L.A. pad wasn’t the first Playboy Mansion – that was in Chicago.
But renovations can’t start up quite yet.
As part of the deal Playboy Enterprises founder Hugh Hefner will continue to occupy the Mansion for his lifetime (yes, seriously).
Among those who sold the home for Playboy Enterprises was the Agency’s Mauricio Umansky, whom we profiled earlier this year. When Hefner’s tenure in the home has concluded, Metropoulos plans to connect both homes to create a singular estate that will span for over seven acres.
In 2009, 33-year-old Metropoulos, who is the son of billionaire businessman C. Dean Metropoulos, acquired the sister house next door, which was built two years after the Mansion in 1929. The property was listed six months ago at $200 million by broker Mauricio Umansky of The Agency and Gary Gold and Drew Fenton of Hilton & Hyland.
“I feel fortunate and privileged to now own a one-of-a-kind piece of history and art”, added Mr. Metropoulos.
The property sits amid 2ha in Holmby Hills, west of Los Angeles, and includes 29 rooms, a tennis court and swimming pool.
In a prepared statement, Metropoulos expressed his good fortune and privilege, as well as his desire to join the two estates.
Hefner, 90, purchased the home in 1971 for $1.1 million.
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Metropoulos previously revealed a soft spot for historic manses with his work restoring the 19th Century Castle on the Hudson in Westchester County, New York. Metropoulos also gets the right to approve all parties at the mansion.
