Playboy Mansion West listed for sale, priced at $200 million
The Playboy Mansion in Los Angeles has been put up for sale, listed with The Agency and Hilton & Hyland realtors, and priced at $200 million.
“This is the right time to seek a buyer for this incredible property who understands the role the Mansion has played for our brand and enables us to continue to reinvest in the transformation of our business,” said Playboy Enterprises CEO, Scott Flanders. “The Playboy Mansion has been a creative center for Hef as his residence and workplace for the past 40 years, as it will continue to be if the property is sold.”
Playboy last year announced that beginning with its March 2016 issue it would stop publishing nude models. Now it is selling the Playboy Mansion. What’s next, skinning the rabbit, wrapping him in bacon and grilling him?
The property is actually the second Playboy Mansion. The original property was in Chicago, acquired by Hugh Hefner in 1959 at the time the company and magazine was completed centered in the Midwest. The west coast mansion was originally built in 1927 and later acquired by Playboy Enterprises in 1971 for $1.1 million. Wikipedia says it was valued at $54 million in 2011, so this listing is a tad over market value, no?
The mansion is located in Holmby Hills, which is actually Los Angeles, not Beverly Hills (as many believe it is). It is near UCLA and the Los Angeles Country Club, and located on 5 acres. The house itself is nearly 20,000 square feet, and also has a four-bedroom guest house.
“At the time Hef and Playboy purchased the home, it was the largest real estate transaction in Los Angeles history,” added Gary Gold of Hilton & Hyland. “Today, we hope to make the same history with the property and its sprawling acreage, neighboring the Los Angeles Country Club.”
As I am looking to downsize, I won’t be considering purchasing the mansion. Unless the price falls down to its original 1971 sales price, that is.