Use access key #2 to skip to page content.

IBDvalueinvestin (98.36)

Playboy mansion alone worth $100M-$150M range



November 12, 2009 – Comments (0) | RELATED TICKERS: PLA.DL2

This is in response to a fool on yahoo message board claiming its worth only $40M

His claim is baseless and with no data to back up his claim.

The personal house of HEFNER was sold for $18M just 4 months ago and that was a 5 bedroom house not a Playboy Mansion. So who is trying to tell me the Mansion is worth only 2x his House worth?? Yeah right tell that lie to another fool on Motley. Also Hefner selling his home is proof that he is serious about selling PLA and the Playboy Mansion.

Hugh Hefner sells his personal home next to the Playboy mansion
The five-bedroom home fetches $18 million.
By Lauren Beale

July 31, 2009 | 7:26 p.m.,0,1621268.story

Update: Hugh Hefner and his wife, Kimberley, have sold their personal residence, next to the Playboy mansion in Holmby Hills, for $18 million. It had been listed since early March at $27,995,000.

The 7,300-square-foot English Manor-style house, built in 1929, has five bedrooms and seven bathrooms. The two-story home sits behind private gates on 2.3 flat acres that back up to the Los Angeles Country Club.

Rooms include a formal living room, dining room, library, his-and-her powder rooms and a media room with a film projector and built-in screen that drops from the ceiling. There are hand-painted walls, maple paneling, leaded-glass windows and a hand-carved staircase. The master suite overlooks garden and grounds, which include a swimming pool.

The home was designed by Arthur R. Kelly for the sister of Arthur Letts Jr., the original owner of the Playboy mansion. The Hefners bought the property in 1996 for an undisclosed sum. It had been listed then at $17.25 million.

Hugh Hefner, 83, is the founder of Playboy Enterprises. Kimberley Hefner, 46, was Playboy's Playmate of the Month in January 1988 and was Playmate of the Year in 1989.

Joyce Rey and Stacy Gottula of Coldwell Banker Previews International, Beverly Hills, had the listing. Jeffrey Hyland and Rachel Maslan of Hilton & Hyland, Beverly Hills, represented the buyer.

Copyright © 2009, The Los Angeles Times 

0 Comments – Post Your Own

Featured Broker Partners