The Playboy Mansion has reportedly been sold to business tycoon Daren Metropoulos.

Playboy Mansion Sold

Metropoulos, 32, bought the Holmby Hills estate in Southern California off of Playboy Magazine founder Hugh Hefner, 90. Hefner, who sold the property next door to the mansion to Metropoulos for $18 million back in 2009, will be allowed to continue living at the mansion for the rest of his life, reported the Times Live.

The estate was valued at $200 million, though it is unknown how much Metropoulos is paying.

“We can confirm that the Playboy Mansion is in escrow with Daren Metropoulos as the buyer,” a Playboy spokesman told AFP. “Due to confidentiality restrictions, we are not able to comment on any specifics, including what contingencies need to be cleared to close the sale.”

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Metropoulos, a billionaire, is a principal at Metropoulos and Co., which owns Hostess Brands, the maker of Twinkies and other popular packaged snack goods. Metropoulos has said that the mansion’s heritage “transcends its celebrity” and that “to have the opportunity to serve as its steward would be a true privilege.”

Hefner had purchased the estate that became the Playboy Mansion back in 1971, paying $1 million for the structure that was built in 1927. Over the years, Hefner has lived at the property with his girlfriends – the Playboy Bunnies – and hosted the infamous parties at which the women keep to a lingerie-only dress code.

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