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Playboy Mansion Sold For $100 Million

LOS ANGELES (AP) — The deal is done, and the Playboy Mansion has a new owner.

Daren Metropoulos, who lives next door, said Tuesday that escrow has closed on his $100 million purchase of Hugh Hefner's man cave.

The 33-year-old principal in the investment firm Metropoulos & Co. won't necessarily be moving in any time soon.

Under the terms of the deal, Playboy's 90-year-old founder may stay there for the rest of his life.

RELATED: Hugh Hefner Selling Playboy Mansion But Wants To Continue Living There

After Hefner leaves, Metropoulos plans to connect the 5-acre Playboy estate to his 2-acre digs next door.

The homes, built in the 1920s, were originally one estate.

Hefner bought the Playboy mansion for $1.05 million in 1971, quickly turning it into a sexual playground.

In its heyday it was the scene of countless celebrity-filled parties and innumerable tales of sexual shenanigans.

(© Copyright 2016 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

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