$110M Playboy Mansion Sale Falls Through
UPDATE (Saturday, Aug. 6): A rep for the Metropolous family said the sale has not been called off. Daren Metropoulos' purchase of the Playboy Mansion is moving forward as planned.
HOLMBY HILLS, Calif. — The Playboy Mansion is back on the market after a deal to sell it to Daren Metropoulos reportedly fell through.
Metropoulos, whose family owns Hostess Brands foods, agreed to pay $110 million for the 20,000-square-foot mansion in Holmby Hills, but he later wanted significant access to the property during Hefner’s remaining years.
Metropoulos bought his current home next door to the mansion from Hefner in 2009 for $18 million.
Under the original deal, 90-year-old Playboy founder Hugh Hefner would have had the right to live out his remaining years at the mansion, even after the sale went through.
Metropoulos and Playboy Enterprises went back and forth over the issue for weeks, and the deal fell apart Thursday night, according to TMZ.
The mansion, scene of countless celebrity-filled parties, was built in 1927 and purchased by Playboy in 1971 for $1.05 million.
The property sits on five acres and has 29 rooms, including a wine cellar, gym, several tennis courts, swimming pool and four-bedroom guest house. It also includes a cave-like grotto.
It is now expected to go back on the market Monday.