Playboy Mansion To Be Sold for $298m, With a Catch!

Earlier this week I flicked on the Foxtel Boxsets channel to Vince and the fellas in a department store buying cashmere pyjamas before Hef’s Playboy Mansion Party – a classic episode from Entourage Season 2.
I don’t think I’ve seen that episode for 5 years, so I was obviously surprised to find out the very next day, that the famous mansion was being sold off by Playboy Enterprises for US$200 million.

The proposed sale comes with Playboy’s need to adapt to the prolific online porn industry, and with Hef acquiring the estate for $1m in 1971, it will prove a sound investment for the company (if sold). There is a catch though, 89 year old Hef stays put until his death.

Playboy Mansion For Sale

Image by Mike Piscitelli

Despite the legendary status of the Playboy Estate, and rare zoo licence, home to monkeys, cockatoos, peacocks, African cranes, parrots, toucans and pelicans, US$200 million is a lot to pay for the tired 29 room house (and occupant). Especially considering Petra Ecclestone’s 110 bedroom manor, refurbished in 2014, was listed at $150million, also in Holmby Hills in the same suburb.
Playboy Mansion For Sale
Playboy Mansion For Sale
“The Playboy Mansion has been a creative centre for Hef as his residence and workplace… as it will continue to be if the property is sold,” Playboy chief executive Scott Flanders said in a statement.
The Agency has the listing.
Playboy Mansion For Sale

James is the Founder and Editor of The Versatile Gent.

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