It’s the end of an era: The Playboy Mansion has sold!
The Playboy Mansion is in escrow with nearby neighbor Daren Metropoulos as the buyer, a Playboy spokesperson told PEOPLE. Although they can confirm the house in in contract, the representative declined to give additional details, including the sale price.
The iconic site located in Los Angeles was listed in January for $200 million. Besides the steep price tag, the sale also comes with another stipulation: The buyer has to allow Hugh Hefner a life estate so he can remain in the home until his death.
But Metropoulos, 32, seems to be up for it, as PEOPLE can confirm that Hefner and wife, Crystal, will continue to live in the Mansion.
This isn’t Metropoulos’s first experience with Hefner in the real estate market, either. In 2009, Metropoulos, a principal at private-equity firm Metropoulos & Co., purchased his current property from Hefner for $18 million, according to The Wall Street Journal.
At 20,000 square feet, the Playboy pad features 12 bedrooms, 21 baths and “every amenity imaginable,” as the Agency and Hilton & Hyland listings state. It’s also one of the few private residences in L.A. to have a zoo license. And, of course, there’s the infamous grotto. If those walls could talk…
— Megan Stein, @meganstein2013