Monday, January 11, 2016

Playboy Mansion Hops on the Market for $200M

shutterstock_104325239Looking for somewhere to put that $1-billion-plus Powerball win?

A slice could go to buying the Playboy Mansion, which just hit the market for $200 million.

You wouldn’t have the place to yourself, though: Hugh Hefner, a known lover of group activities, plans to stay on the estate that’s been his playground for more than four decades.

“The Playboy Mansion has been a creative center for Hef as his residence and workplace for the past 40 years, as it will continue to be if the property is sold,” said Scott Flanders, CEO of Playboy Enterprises, which owns the home.

The estate was purchased in 1970 for $1 million - reportedly the highest price paid for a home in Los Angeles at that time.

The nearly 20,000-square-foot mansion, which sits on five acres in Los Angeles’ Holmby Hills, is the ultimate entertainment paradise, with a cave-like grotto that’s known around the world for the people who have partied in it.

There’s also a catering kitchen, wine cellar, home theater, game house, gym, tennis court and pool.

The listing agents are Drew Fenton and Gary Gold of Hilton & Hyland and Mauricio Umansky of The Agency.

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