Powered by MOMENTUM MEDIA
realestatebusiness logo
Home of the REB Top 100 Agents

Friday Funnies: Legendary party palace hits market

By Staff Reporter
15 January 2016 | 9 minute read
playboy mansion 250 140

It sounds like a tricky sale for the agent: the home is crumbling, the property is overpriced and the owner refuses to move out.

Celebrity website TMZ has reported that everybody’s favourite octogenarian philanderer, Hugh Hefner, has put his legendary Playboy Mansion on the market.

Apparently, Hef wants more than US$200 million ($288 million) for the legendary party palace – but it appears he was hungover when he came up with that valuation.

==
==

“Real estate sources with knowledge of the area say the owners [Playboy Enterprises] are dreaming when it comes to price,” according to TMZ.

“They say the reality is the house is a tear-down and the real value is the acreage and that a comparable lot sold recently in the area for US$60 million, but the sources say because of its history the mansion could go for anywhere between US$80 million and US$90 million.”

But just because Hef is planning to sell his famous home, doesn’t mean he is willing to pack up his collection of dressing gowns and sailor’s hats and move elsewhere.

Apparently, the buyer will be required to let Hef live in the mansion until he dies – because even Hef has to die eventually.

Click here to view a Playboy Mansion photo gallery.

You need to be a member to post comments. Become a member for free today!

Do you have an industry update?
Subscribe
Subscribe to REB logo Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.