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Playboy Mansion Is for Sale, TMZ Reports

Playboy Mansion Is for Sale, TMZ Reports
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Jan 9, 2016 1:53 PM PST    Text size: 

WESTWOOD, Calif. — The Playboy Mansion is going up for sale for $200 million, according to a report on TMZ.

The six-acre estate located in Los Angeles’ Holmby Hills will be listed sometime within the next month. But there’s one caveat to the deal: The buyer will have to let Playboy founder Hugh Hefner live at the mansion until the 89-year-old dies, TMZ said.

The 14,217-square-foot, Gothic-style palace has seven bedrooms and eight bathrooms.

The entire property is sprawling, and includes a game room, tennis courts, zoo, pool and the infamous grotto.

The $200 million sticker price, however, has many scratching their heads.

In a 2011 suit alleging that Hefner had vastly undervalued the property when he took his company private, the house’s value was set at $54 million. And Zillow estimates the property is currently worth about $34 million.

TMZ, citing local real estate agents, said the mansion is more likely to go for between $80 million and $90 million.

Hefner bought the property for $1.05 million in 1971.

Pictured: Hugh Hefner in front of the Holmby Hills mansion in the 1970s.

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