Playboy’s founder, Hugh Hefner, is selling the Playboy Mansion, a place he’s called home since 1971. Hefner’s estate sits on six acres in the popular Holmby Hills neighborhood of Los Angeles, so he’s slapped a $200 million price sticker on the mansion. The new owner will acquire a property famous for wild parties, acres of land to use at their disposal, and access to Hefner—because he doesn’t plan to vacate the property.
As a stipulation for purchasing the home, Hefner must be given a life estate, according to TMZ. A life estate guarantees the 89-year-old access to the property until he dies.
The famed magazine publisher is so committed to this agreement that he’s refusing to allow potential buyers to peruse his current living quarters.
The multiple demands may dissuade some buyers, especially since TMZ is reporting that the Playboy Mansion isn’t worth $200 million. Realtors estimate that Hefner may pocket between $80 million and $90 million because of the home’s famous history, though other properties in the area are only going for $60 million.
