“Forgotten Hollywood”- Playboy Mansion in Escrow…

Posted on June 7, 2016 by raideoman1 | No Comments

Manny P. here…

Playboy-logo-1024x768   Hugh Hefner’s Playboy Mansion is about to acquire a new owner — the wealthy businessman who lives next door. Representatives for Playboy Enterprises confirmed Monday that Daren Metropoulos has made a bid to buy Hefner’s man cave, and the deal is in escrow.

   Both sides declined to reveal the sale price until escrow closes, but a representative for Metropoulos said terms would allow Playboy Magazine’s 90-year-old founder to remain in the mansion for the rest of his life. Metropoulos bought his current home next door to the mansion from Hefner in 2009 for $18 million.

   The home in Los Angeles’ fashionable Holmby Hills was originally listed at $200 million, but local real estate agents said at the time that appeared ridiculously overpriced. A nearby property sold last year for $59 million. The mansion, the scene of countless celebrity-filled parties and innumerable tales of sexual shenanigans, was built in 1927, and purchased by Playboy Enterprises in 1971 for $1.05 million. It sits on 5 acres and has 29 rooms, including a game house, home theater, wine cellar, gym, tennis court, swimming pool, cave-like grotto, and a four-bedroom guest house.


   Daren Metropoulos is the principal at the private equity firm, Metropoulos & Co., which owns Hostess Brands, the makers of Twinkies. His current home was built in 1929 and sits on about 2 acres.

road sign   On a personal note, I made a trek to the Playboy Mansion in 1987 to do a live broadcast for KRLA 1110 AM. I also conducted a celebrity tennis match on the grounds. I invited my longtime friend, actor (and former tennis pro) Vincent Van Patten, actor Bernie Kopell, and tennis player Rosie Casals to participate. The purpose of the radio remote and tennis match was to raise donated money for the John Tracy Clinic for the hearing-impaired. The organization was named for the son of actor Spencer Tracy, whose son was born deaf. His wife Louise made it her personal mission to help ordinary folks with the disability to lead productive lives. The John Tracy Clinic became her life’s work.

   Meeting Hugh Hefner (in his robe) was a real treat! Best wishes to the new owner.

Until next time>                               “never forget”

This entry was posted on Tuesday, June 7th, 2016 at 12:45 am and is filed under Blog by Manny Pacheco. You can follow any comments to this post through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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