Playboy Mansion Hitting Market For $200 Million
It's the end of an era. The Playboy Mansion will soon hit the market, reports TMZ.
The 5.3-acre property is located in the affluent Los Angeles neighborhood of Holmby Hills in the Westwood area, and will reportedly hit the market for around $200 million by Playboy Enterprises.
Despite its history, TMZ sources say the rumored pricetag is highly inflated, with comparable homes in the area going for around $60 million. Still, due to its name, the Playboy Mansion could fetch anywhere from $80 million to $90 million, says real estate experts.
The estate boasts 29 rooms, including a wine cellar (with a Prohibition-era secret door), a screening room with built-in pipe organ, a game room, three zoo/aviary buildings, a tennis/basketball court, a waterfall and a swimming pool area, as well as the grotto.
TMZ also reports that there are a number of strings with the purchase, one requiring the new owner to give Hugh Hefner a life estate, which means he can continue to live there until he dies.