Sold! New Playboy Mansion Owner Closes Deal For $100 Million

FILE - In this Wednesday, May 11, 2016 file photo, the grounds at the Playboy Mansion in Los Angeles. Daren Metropoulos, who lives next door to the mansion, said Tuesday, Aug. 16, that escrow has closed on his $100 million purchase of 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.(Photo by John Salangsang/Invision/AP, File)

FILE - In this Wednesday, May 11, 2016 file photo, the grounds at the Playboy Mansion in Los Angeles. Daren Metropoulos, who lives next door to the mansion, said Tuesday, Aug. 16, that escrow has closed on his $100 million purchase of 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.(Photo by John Salangsang/Invision/AP, File)

LOS ANGELES — 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.

But the 33-year-old principal in 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.

Aug. 16, 2016 3:41 PM EDT

 
 

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