At $200mn, Playboy Mansion With Hugh Hefner Up For Sale

The infamous Playboy Mansion is up for sale but with a rider. It comes with its current owner and Playboy founder Hugh Hefner (he's allowed to remain in the house for the rest of his life). The property has been listed for $200 million by the Playboy Enterprises.

Playboy chief executive Scott Flanders said in a statement that the mansion "had been a creative center for Hef as his residence as well as work place... and it will continue to be if the property was sold”.

According to a MTV report, the lavish property spreads across five acres in Los Angeles' Holmby Hills. It has a gymnasium, a four-bedroom guest house, a tennis court, a swimming pool gardens and aviaries (it has its own zoo licence), and the Playboy Grotta, an artificial cave with a whirlpool spa. The manor house also boasts of 29 rooms, including a game room, a home theater, a wine cellar and a two-floor master suite, the report added.

The move comes when Playboy magazine's demand graph is showing a consistent southward trend after it took a hit from online porn which has inundated the Internet. The company has announced that it will not be publish nude photographs of women anymore in its US edition.

Hefner, who had bought this home in 1971 for $1million, had replaced the original Playboy Mansion which was bought in 1959 in Chicago.