NEW YORK DAILY NEWS
Saturday, January 9, 2016, 3:03 PM
Playboy Enterprises will put the storied mansion on sale for $ 200 million within the next month, reports TMZ.
Deep-pocketed homebuyers can soon bid millions on the Playboy Mansion — as long as they’re also OK shacking up with 89-year-old Hef.
Playboy Enterprises will put the storied Los Angeles dwelling on the market for $ 200 million within the next month, reports TMZ.
There’s just one catch: The buyer will have to give magazine publisher Hugh Hefner a life estate, which entitles the octogenarian to live in the mansion until his death.
Potential buyers will reportedly be allowed to tour the 29-room Holmby Hills house as long as they stay out of Hefner’s bedroom.
But the steep asking price may be unrealistic. The property, apparently worth more for its six acres than the house itself, will likely sell for closer to $ 80 to $ 90 million, according to TMZ’s real estate sources.
In a 2011 lawsuit alleging that Hefner had vastly undervalued the mansion when he took his company private, shareholders reportedly pegged the house’s value at $ 54 million.
Listings website Zillow estimates that the 89-year-old estate, which Hefner bought for $ 1.05 million in 1971, is currently worth close to $ 34 million.
Hef in his heyday poses with a dozen Playboy Bunnies at the original Chicago Playboy Club in 1960.
A rep from Playboy Enterprises has not yet returned the Daily News’ request for comment.