Sold! New Playboy Mansion owner closes deal for $100 million

FILE - In this May 1, 1997, file photo, Victoria Silvstedt poses with her 1997 Porsche Boxter in front of the Playboy Mansion in Beverly Hills, Calif., before a lunch reception to announce her as the 1997 Playboy Playmate of the Year. Hugh Hefner's Playboy Mansion is about to acquire a new owner, the wealthy businessman who lives next door. Representatives of Playboy Enterprises and Daren Metropoulos confirmed Monday, June 6, 2016, that Metropoulos' bid to buy Hefner's man cave is in escrow. They declined to reveal the sale price but said Hefner may continue to live there for the rest of his life. (AP Photo/Chris Pizzello, File)

LOS ANGELES (AP) — The deal is done, and the Playboy Mansion has a new owner.

Daren Metropoulos, who lives next door, said Tuesday that escrow has closed on his $100 million purchase of Hugh Hefner’s man cave.

The 33-year-old principal in the investment firm Metropoulos & Co. won’t necessarily be moving in any time soon.

Under terms of the deal, Playboy’s 90-year-old founder may stay there for the rest of his life.

After Hefner leaves, Metropoulos plans to connect the 5-acre Playboy estate to his 2-acre digs next door.

The homes, built in the 1920s, were originally one estate.

Hefner bought the Playboy Mansion for $1.05 million in 1971, quickly turning it into a sexual playground.

In its heyday it was the scene of countless celebrity-filled parties and innumerable tales of sexual shenanigans.

 

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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