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Son of billionaire Dean Metropoulos is buying the Playboy Mansion

After half a year on the market, the Playboy Mansion has found a new owner in the man who lives right next door.

Daren Metropoulos, son of billionaire private equity mogul C. Dean Metropoulos and owner of the property directly adjacent to the 29-room Holmby Hills home, is in contract to purchase the infamous mansion, according to a representative for Metropoulos. The Wall Street Journal was the first to report the sale.

The 32-year-old entrepreneur is a principal at his father’s private equity firm, C. Dean Metropoulos & Co.. He’s also a former co-CEO of Pabst Brewing Company, one of the firm’s former investments, and has been a frequent guest of the mansion.

“We can confirm that the Playboy Mansion is in escrow with Daren Metropoulos as the buyer,” a spokesperson for Playboy Enterprises said. Citing confidentiality restrictions, the spokesman declined to provide other details about the sale.

The 1927 mansion, described in its listing as the “crown jewel of L.A.’s ‘Platinum Triangle,” was listed for sale in January for $200 million by broker Mauricio Umansky of The Agency, as well as Gary Gold and Drew Fenton of Hilton & Hyland. The final sale price was not disclosed. The property’s various amenities, according to the listing, include a wine cellar, home theater, separate game house, gym, tennis court, separate four-bedroom guesthouse, official zoo license, and a freeform swimming pool with a large, cave-like grotto.

The mansion was purchased in 1971 by Playboy Enterprises, the company founded by Hugh Hefner, for $1.05 million, according to The Wall Street Journal. Hefner has lived there since then.

As a guest in 2013, Metropoulos and his brother Evan hosted a party on the mansion’s grounds, where they reveled with Hefner, the Playboy bunnies, and celebrities like rapper Snoop Dogg, according to The Guardian newspaper.

source: Forbes