Who’s Going to Buy Playboy Mansion West?
One of the most famous properties in the United States is said to be for sale and going to market soon. According to reports- The Playboy Mansion West is said to be hitting the housing market with a price tag of $ 200 million dollars. But with the hefty price tag comes a couple of strings attached.
That’s right- the Playboy Mansion is going to be on the market soon, but Hugh Hefner will get to remain in the home until his death. “Whoever buys the Playboy Mansion will be required to give Hugh Hefner a life estate.” On top of Hugh being able to remain in the home until his death, Hugh’s bedroom will be off limits to perspective buyers.
According to John Vlautin, 45 years ago- Hugh Hefner purchased the 6 acres Holmby Hills estate for $1 million. The 29 room, 20,000 square foot home is the main residence on the property, and it also has a four-bedroom guesthouse on the property, too. According to reports- the main house is not in great shape and is considered to be a tear-down. Whether or not that is true, currently the property comes complete with a home theater, gym, tennis court, swimming pool with grotto, and a zoo license.
According to Playboy CEO Scott Flanders- Playboy Enterprises is in a bit of a funk and seeks to transition. And the sale will help Playboy Enterprises reinvest in the transformation.” Whether or not the Playboy Mansion fetches a $ 200 million price tag is questionable. A recent comparable lot just sold for $ 60 million, and because of the history of the Mansion, the property is more likely to sell for around $ 100 million.
Whatever the case- the once notorious but now mostly tamed Mansion has earned a naughty reputation for throwing some of the most sexed up bashes. And the new owner is sure to buy a property with some crazy history behind it.
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