The infamous Playboy Mansion reportedly is going to be in the market for $200 million.
According to TMZ, the infamous estate that has been home to boisterous adult parties and home to the 89-year-old founder of the popular Playboy Magazine, Hugh Hefner, will be listed in the market soon. Moreover, the celebrity news website adds that Playboy Enterprises is planning on asking up to $200 million but reports say that based on market where the popular mansion is situated and its colorful history, the Playboy haven is more likely to fetch an amount somewhere between $80 million and $90 million. Given that it has lost its former glitter and might need a complete renovation, it can be way less than that.
There are a few conditions to the sale though. According to TMZ, the Playboy founder's room will be off limits. Prospective buyers are more than welcome to tour every nook and corner of the infamous property except for Hugh Hefner's bedroom. Moreover, the buyer would also need to grant Hefner a life estate which simply means that he can continue to live in the mansion until he dies. This goes to say that Hugh Hefner is included in the $200 million asking price.
As described in Jezebel report, the Playboy Mansion is 6-acre estate situated in the Holmby Hills locality of Los Angeles. Hugh Hefner purchased it in 1972 but it had been standing there since 1927. The reason that the mansion might not fetch the asking price is the controversies including the scandalous grotto which was once rumored to have brought Legionnaires disease to a group of people.
According to The Daily Mail, whatever price the mansion might get from the sale, the prospective buyer will get a property that has 22 rooms, a wine cellar, movie theater and several tennis courts the mansion's history and its ghost, Hugh Hefner himself. The mansion has been featured several times in movies, television, parties and charity events. Hefner bought if from chess master Louis D. Statham in 1971 for $1 million.
