Playboy Mansion Up For Sale: Is There Something Hef Isn’t Telling Us?

The Playboy Mansion, otherwise known as the biggest party pad in L.A. history, is about to go up for sale. There’s just one caveat, the $200 million price tag also comes complete with the man in the robe. The question on everyone’s mind now is; just why is Playboy Enterprises putting the infamous mansion up for sale?

According to the New York Daily News, the home isn’t actually for sale by Hugh Hefner himself, but by Playboy Enterprises, which owns the mansion. The intended pricetag of the home is set to be $200 million, which many real estate experts argue is an overestimation of the mansion’s actual value.

TMZ reported that real estate experts say the Playboy mansion is in tear-down condition and not worth anywhere near $200 million. Experts state that the land is the most valuable part of the famous estate, and comparable sales in the area are going for around $60 million. Of course, the mystique and infamy surrounding the mansion could add to its purchase price.

Surely, the sale of one of the most infamous homes in history will garner some attention from prospective buyers, but will potential buyers be willing to overpay for the mansion? And will potential buyers be willing to meet the interesting requirements that come along with the sale?

Zap2It reports that the sale of the Playboy mansion is contingent upon Hugh Hefner, the legend himself, being allowed to live in the house until he passes away. Additionally, Hefner’s bedroom will be off limits to potential buyers when they tour the house — although Hugh Hefner’s wife, Crystal Hefner, recently filmed a video tour of Hef’s bedroom and posted it to YouTube. Hugh Hefner’s official bedroom tour can be viewed below.

The sale of the Playboy mansion comes amidst recent changes to Playboy Magazine and their decision to no longer publish nude photos.

Playboy Chief Executive Scott Flanders defended the decision and said nude photos are now considered “passe.” He elaborated, “That battle has been fought and won. You’re now one click away from every sex act imaginable for free.”

With the recent major changes to Playboy Magazine and the impending sale of the mansion, Playboy fans worldwide are wondering; what’s going on with Hef?

Although the octogenarian has revelled in the spotlight in past decades, he’s been fairly quiet in the media in recent years. According the sources close to the Playboy mogul, his health is failing, and he likes to spend time playing chess and watching old movies.

Hugh and Crystal Hefner at Playboy mansion Halloween Party.

Playboy Playmate Carla Howe said, “Hef is so frail he goes everywhere with a group of nurses … Most of the time all he wants is to play chess with his friends and watch old films. He almost never leaves home and refuses to change anything in the mansion… the whole place feels like it’s stuck in the 1980s.”

As they say, all good things must come to an end. Although the era of wild parties at the Playboy mansion may be coming to an end, fans worldwide aren’t so quick to let it go. The social media sphere was abuzz with news of the mansion’s sale, as many joked that they would buy the mansion with their Powerball winnings.

For however long Hugh Hefner has left at the mansion, he and his parties will always be remembered as nothing short of iconic and legendary.

Playboy Mansion is up for sale.

[Photos by Getty Images/David Livingston]