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For Sale: The Playboy Mansion, $200 Million

It’s the end of a self-indulgent, decadent era that spanned several decades; according to a recent report, Hugh Hefner will be selling the infamous Playboy Mansion for $200 million sometime next month. On one condition, however–buyers must allow the 89-year-old millionaire and his current wife, Crystal Harris, to continue to live inside the residence until his passing.

The lavish six-acre Holmby Hills estate was built in 1927 and was purchased by Hefner in the early 1970’s, where it eventually became his permanent residence, a host to a series of wild parties and  music video shoots and numerous corporate and charity events. The Playboy Mansion is described by Forbes magazine as being “Gothic Tudor” in architecture, and it has 22 rooms including a wine cellar (with a prohibition-style secret door), a game room, a screening room with a built-in pipe organ, and the grotto (which is apparently a hedonistic thing of legend in Hollywood).

However, potential buyers should be aware that the sprawling estate is also a bit of a “fixer-upper.” In fact, many a former playboy bunny has confirmed reports of the Playboy’s Mansion’s deteriorating condition. According to British glamour model, Carla Howe, the Playboy Mansion is no longer “a place of excess with orgies and topless girls” and that the magazine owner has become frail in his elderly years (obviously). He is accompanied almost everywhere with a troop of nurses as opposed to scantily clad models. Howe also describes the place as feeling and looking worn out with bedrooms that smell damp and feel “cold and unused.”

Due to the Playboy Mansion’s dilapidated state and current housing prices, many real estate agents are stating that Hefner will be lucky to sell for a proposed $80 to $90 million. Despite all this, the rule that the house’s former owners still be granted a living space and the shoddy interior of the house itself, the property is likely to garner lots of buyer interest due to its legendary appeal.

About Cindy Pereira

Cindy Pereira
Cindy Pereira is a recent graduate of the Professional Writing program formerly offered at Grant MacEwan University in Edmonton, Canada. When she isn't dishing out the news, she can be found scrawling poetry, watching films, and drinking copious amounts of tea.