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Playboy Mansion Officially Sold for $1. Million to Neighboring Twinkies Owner Hugh Hefner's Playboy Mansion has sold for a whopping $1. Daren Metropoulos, Hefner's next- door neighbor and co- owner of the Hostess brand, closed escrow on the property on Tuesday, ET can confirm. The Playboy Mansion is one of the most iconic properties in the world and the crown jewel of Holmby Hills and the platinum triangle," Metropoulos said in a statement.

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For the last 4. 5 years, Mr. Hefner has imbued the estate with a rich and storied legacy. The property's heritage is not only that of a famous address; it is a true masterpiece in design, constructed by a noted architect for a family who played an important role in the development of Los Angeles in the early 2. Century." Hefner’s five- acre home in Holmby Hills, California, went on the market with an asking price of $2.

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January, and it was noted that no matter who purchased the party palace, the magazine publisher and founder of Playboy Enterprises, 9. Photo: Getty Images. The Playboy Mansion has been a creative center for Hef as his residence and workplace for the past 4. Playboy Enterprises CEO Scott Flanders said in a statement in January. The mansion includes 2.

In 2. 00. 9, 3. 3- year- old Metropoulos, who is the son of billionaire businessman C. Dean Metropoulos, acquired the sister house next door, which was built two years after the Mansion in 1. Since then, he has embarked on a significant restoration, making substantial improvements to the property’s formal gardens and expansive grounds, which are adjacent to the Los Angeles Country Club and include the original gate that connects to the Playboy Mansion. After Hefner's tenancy ends, Metropoulos plans to reconnect the two estates, ultimately returning the combined 7.

Arthur R. Kelly and its first owner, Arthur Letts, Jr., the department store heir whose father conceived and developed Holmby Hills when it was the Wolfskill Ranch. I feel fortunate and privileged to now own a one- of- a- kind piece of history and art," Metropoulos added.

I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come." For more on the Playboy Mansion, watch below. Best Series On Netflix 2015 Uk Football on this page. Watch Paul Kelly: Stories Of Me Online Free 2016 there.