--- title: The Playboy Mansion Will Be Sold to Its Next-Door Neighbor description: 90-year-old Hugh Hefner will continue to live at the iconic estate. The buyer, Daren Metropoulos, is an investor and Hostess Brands owner canonical: https://time.com/4359214/playboy-mansion-hugh-hefner-sale/ author: Raisa Bruner article:opinion: false article:content_tier: free article:published_time: 2016-06-06T22:31:10.000Z article:modified_time: 2026-04-13T07:33:02.418Z article:section: Entertainment og:title: The Playboy Mansion Will Be Sold to Its Next-Door Neighbor og:description: 90-year-old Hugh Hefner will continue to live at the iconic estate og:url: https://time.com/4359214/playboy-mansion-hugh-hefner-sale/ og:site_name: TIME og:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt8a5aef5d59e378b3/698896aea988ca58466b820e/gettyimages-485235020.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 og:image:width: 1200 og:image:height: 675 og:image:alt: Playboy Mansion Hosts Red Carpet Event For EuropaCorp's "The Transporter Refueled" og:type: article twitter:card: summary_large_image twitter:title: The Playboy Mansion Will Be Sold to Its Next-Door Neighbor twitter:description: 90-year-old Hugh Hefner will continue to live at the iconic estate twitter:image: https://static.time.com/v3/assets/bltea6093859af6183b/blt8a5aef5d59e378b3/698896aea988ca58466b820e/gettyimages-485235020.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 ---  # The Playboy Mansion Will Be Sold to Its Next-Door Neighbor > Sponsored content. 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Terms and conditions apply. * Savings buckets are a feature of Ally Bank's Savings Account. * No ATM fees from Ally Bank at Allpoint and Moneypass ATMs plus we reimburse for fees charged by other ATM owners nationwide up to $10 per statement cycle. * Early direct deposit offers eligible direct deposits up to two days sooner. * Spending buckets are a feature of Ally Bank's Spending Account.  by [Raisa Bruner](https://time.com/author/raisa-bruner/)  ## Raisa Bruner Jun 6, 2016 10:31 PM UTC  A general view of the Playboy Mansion at "The Transporter Refueled" Los Angeles screening held at The Playboy Mansion on August 25, 2015 in Los Angeles, California. A general view of the Playboy Mansion at "The Transporter Refueled" Los Angeles screening held at The Playboy Mansion on August 25, 2015 in Los Angeles, California.Michael Tran—Getty Images  by [Raisa Bruner](https://time.com/author/raisa-bruner/)  ## Raisa Bruner Jun 6, 2016 10:31 PM UTC The Playboy Mansion, Hollywood’s ultimate party palace and scene of celebrity debauchery, is no longer up for sale. The five-acre property’s next-door neighbor has picked it up for an undisclosed price, the [Wall Street _Journal_ reports.](http://www.wsj.com/articles/playboy-mansions-neighbor-to-buy-the-property-1465231478) Put on the market in January for $200 million — making it easily one of the most expensive residential listenings in U.S. history — the mansion comes with a curious caveat: 90-year-old Playboy founder Hugh Hefner has a life estate on the property, meaning that he’ll live out the rest of his days at the historic Holmby Hills house as the new owner’s roommate. That new owner is 32-year-old Daren Metropoulos, a private equity principal, owner of Hostess Brands, former co-CEO of Pabst Blue Ribbon, and son [of a billionaire](http://www.forbes.com/profile/c-dean-metropoulos/). “The heritage of this property transcends its celebrity and to have the opportunity to serve as its steward would be a true privilege,” Mr. Metropoulos told the WSJ of the 1927 estate. He also said he intends to combine his own adjacent home with the Playboy property after Hefner’s tenancy ends. Hefner’s company bought the property over [45 years ago](http://The Playboy Mansion, On Sale for $200M, Finds A New Owner) for about $1 million and has been leasing it back from Playboy Enterprises. 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