Playboy Mansion Sells to Neighbor; Allows Bunny Patriarch Lifetime Living

AddThis Social Bookmark Button

Hugh Hefner sold his Holmby Hills Mansion for a cool $100Million, half of the original listing price, to his neighbor, Daren Metropoulos, the owner of Hostess Snack Foods. The Playboy Enterprises founder will live out his days dolling out $1M annually for expenses.

Other than the White House, the Playboy Mansion is the most famous home in the United States. The dream home for millions of teen boys, their fathers and grandfathers was listed for sale at $200 million.

Chicago native and Playboy founder Hugh Hefner bought the 20,000-square-foot Los Angeles mansion on five acres in 1971 for $1.05 million and relocated full time from the original Playboy Mansion in Chicago in 1974.

Built in 1927 for the son of Arthur Letts, who was the founder of Los Angeles department stores The Broadway and Bullock's, the home is located in the ritzy Holmby Hills neighborhood, an area that Letts kick-started in 1919 when he bought 400 acres of the Wolfskill Ranch. Neighbors include the Los Angeles Country Club, UCLA and Beverly Hills.

Over the years, Hefner and Playboy Enterprises have spent millions of dollars to renovate, update and expand the estate which includes the 29-room mansion with six bedrooms and baths, a four-bedroom guest house, pool, tennis court, koi pond, catering kitchen, wine cellar with a secret door, gym, zoo facilities, theater with a built-in pipe organ, waterfall, four hot tubs, bathhouse and a grotto.

Famous for years of celebrity parties, the home was a frequent star for television and movies including Sex and the City, Beverly Hills Cop II, Entourage and ESPN Friday Night Fights.

While the mansion has a new owner, Hefner isn't going anywhere as it is being sold as a life estate meaning that Hef, age 89, will be able to continue living at the home for the rest of his life. According to the official listing, “The Playboy Mansion has been a creative center for

Hef as his residence and workplace for the past 40 years, as it will continue to be if the property is sold.”

Hef's home had replaced the South Florida mansion Le Palais Royal asking $159 million as the most expensive listed single-family home in the United States. The Playboy Mansion selling agents are Mauricio Umansky of The Agency and Drew Fenton and Gary Gold of Hilton & Hyland.

 

Images courtesy of Top Ten Real estate deals and used with permission.

Source: toptenrealestatedeals.com

 

Haute Tease

  • Money News: Global Markets Tumble; Sensex Closes Up

    AddThis Social Bookmark Button

    The Dow Jones Industrial, along with the majority of the ten most watched global markets, couldn’t escape the bear’s grasp closing down this Thanksgiving week, while the NASDAQ and the S&P500 were managed to close up escaping the mauling.

     
  • AFI FEST 2016 Presented By Audi Announces Festival Dates and Call For Entries

    AddThis Social Bookmark Button

    AFI FEST 2016 presented by Audihas officially announced important dates for the annual film festival presented by the American Film Institute, which brings Hollywood icons, emerging artists and audiences together to experience global cinema in the movie capital of the world.  

  • Chocolate Treats and Truffles: A Chocolate Lover’s Delight

    AddThis Social Bookmark Button

    Chocolate Treat and Truffles, held at the world renowned International Culinary Center in lower Manhattan, a four hour intensive that focuses on the fine art of creating mouth watering, indulging, sinfully delicious chocolate confectionary treats!

     
  • The Sword & Scabbard: Thieves and Thugs and the Bloody Massacre in Boston - A Page Turning Thriller

    AddThis Social Bookmark Button

    The Sword & Scabbard, from Allen Woods, looks as if it would appeal to Boston’s very tony elite, not until pushing through the labyrinth of technology interruptions does one realizes Woods has created a page turning account of corruption, violence, and a bloody re-revolution massacre.

     
  • Disney Launches THE ODD LIFE OF TIMOTHY GREEN Sock Drive

    AddThis Social Bookmark Button

    The Walt Disney Studios announced today that they worked with Hanes, who is collaborating with the Association of Gospel Rescue Missions (AGRM), to launch “The Odd Life of Timothy Green” Sock Drive on July 9, 2012, aimed at providing new socks for families in need across the U.S.

Crime

  • UPDATE: Fourth Victim, Cousin of Shooter, in Washington State School Shooting Dies;Brings Total to Five

    AddThis Social Bookmark Button

    The fourth student victim of the deadly shooting at Marysville-Pilchuck High School in Washington State, has claimed its fifth victim as parents and survivors are returning to school while trying to cope with the senseless tragedy.

     
  • Murder Suspect James DiMaggio Killed in FBI Shootout

    AddThis Social Bookmark Button

    James Lee DiMaggio, the man suspected of kidnapping Hannah Anderson and murdering her mother and brother has been killed in a shootout with law enforcement officers in the Cascade Mountains of Idaho.

     
  • Remains of Two Missing Pulled From Manhattan Gas Explosion Site

    AddThis Social Bookmark Button

    The final two missing from last week’s gas explosion on Manhattan’s Lower East Side have been pulled from the rubble days after an alleged illegal gas tap set off a massive seven alarm inferno that killed two and injured 25.

     
  • Justice Watch: Cold Case Murder of San Diego Family Solved

    AddThis Social Bookmark Button

    Charles McStay, his wife and two small children disappeared four years ago, vanished is the better word, snatched from their suburban home. Today authorities arrested Charles Merritt, a business colleague, for the four murders.

     
  • Breaking: Judge Orders All Cash Bonds on New Mexico Child Killers

    AddThis Social Bookmark Button

    In the first court appearance since their arrest on the murder of 10-year-old Victoria Martens, a New Mexico Judge has ordered bond set on all three at 1M all cash for Michelle Marten, Fabian Gonzales and Jessica Kelly.

Theatre, Music, Books

  • NYPD Green Book Review - Page Turning Detective Thriller

    AddThis Social Bookmark Button

    NYPD Green, a memoir from Luke Waters, details his life from undocumented Irish immigrant to ranking detective in one of the largest police departments in the world solving horrendous cases and the interactions and working with other judicial agencies.

     
  • Plug Research Releases the Highly Anticipated Coultrains Jungle Mumbo Jumbo Project

    AddThis Social Bookmark Button

    On April 23rd, appreciators of soul, jazz & beat music alike rejoice as Coultrain releases his long-awaited new project, Jungle Mumbo Jumbo. Perhaps best known for his work as one half of Hawthorne Headhunters (alongside Black Spade), or as the once lead singer of Waajeed's Platinum Pied Pipers - this release marks Train's first proper solo album on a label

     
  • The Orphan Keeper Review – Astounding, Inspirational, Remarkable

    AddThis Social Bookmark Button

    The Orphan Keeper, from Shadow Mountain Publishing, tells an epic story of a boy kidnapped from India, sold to an orphanage and adopted to the United States over 8,000 miles away and the miracle that would follow.

     
  • HL London: Paul McCartney's LIPA Channels the Spirit of John Peel in Weekly New Music Event

    AddThis Social Bookmark Button

    Liverpool Institute for the Performing Arts, co-founded by one of the city's most celebrated sons Paul McCartney, is launching The 2Ube, an eclectic showcase of musical talent from across the north west.

     
  • V Theater Las Vegas Review - Entertainment Aplenty

    AddThis Social Bookmark Button

    No matter how many times you’ve visited Vegas, no trip would be complete without taking in a show or two amidst the time you spend eating, gaming, clubbing, sunning and otherwise funing in Sin City.