Hugh Hefner’s Playboy Mansion Will Soon Be up for Grabs

TMZ reports that the infamous Playboy Mansion is about to be up for grabs.

Playboy Enterprises is listed as the owner of the six-acre property, which is slated to be shopped for a whopping $200 million. It will be listed sometime within the next month or so.

Located in Los Angeles’ Holmby Hills area, the estate was built in 1927 and has long had a place in pop culture. Some of the biggest stars and celebrities of the last several decades have gathered there for parties and events.

TMZ’s sources with knowledge of the neighboring real estate market are projecting that the property will sale for far less than Hugh Hefner and team are asking for. According to those sources, the value isn’t in the Playboy Mansion itself, but instead it is in the lot the famous 21,987-square-foot house sits on. Lots with a similar acreage have been sold for around $60 million, but with the history attached to the Playboy Mansion, it could go for anywhere between $80 million and $90 million.

It is expected that Hugh Hefner and his Playboy Enterprises will lower their asking price for the home that features 22 rooms, a wine cellar, a basketball court, and of course, the famed grotto.

Also, it must be noted that whoever buys the property is required to give Hef the opportunity to continue to live on the property until his death.

Image courtesy of TMZ