Playboy Mansion Sold To Neighbour For Over $100 Million

The Playboy mansion, a stately 1927 home famous for exotic parties where movie stars, athletes and billionaires frolicked with scantily clad women, is to be sold to the most familiar of buyers: the neighbor Daren Metropoulos(photo), a principal at private-equity firm Metropoulos & Co. who bought the adjacent property in 2009, is in contract to purchase the property. 

He said in a statement he is less interested in the fame the mansion earned over the last four decades as a playground for Playboy bunnies and more interested in preserving its architectural pedigree. 

The home's architect is Arthur Rolland Kelly, who designed hundreds of homes in the Los Angeles area. 

"The heritage of this property transcends its celebrity, and to have the opportunity to serve as its steward would be a true privilege," Mr. Metropoulos said. 

He declined to disclose the purchase price. 

• The home was listed for US$200 million (S$270.8 million) by broker Mauricio Umansky of The Agency, as well as Gary Gold and Drew Fenton of Hilton & Hyland. 

• Jeffrey Hyland, the president of Hilton & Hyland, said the price was "nine digits" and would set a record for the highest-priced residential sale in Los Angeles. 

He said there were multiple offers for the property.ricio Umansky of The Agency, as well as Gary Gold and Drew Fenton of Hilton & Hyland. 

Source: Wall Street Journal....More...