Hugh Hefner known for his silk robes and playboy bunnies has died. And as sad as that is for many people who are missing the man responsible for the sexual revolution of the 70’s many have asked ‘What’s going to happen to the famous Playboy Mansion?’
The iconic residence the late Hugh Hefner called home since 1971 is about to undergo some serious changes.
As Page Six previously reported, the Playboy Mansion was sold to Hefner’s neighbor Daren Metropoulos of Metropoulos & Co. for $100 million in August 2016.
At the time, the condition of sale mandated Hefner would live out his days in the plush pad before any renovations would begin under Metropoulos’ eye. Under the agreement, Hefner also agreed to pay $1 million a year in rent.
Hefner died Wednesday at 91.
“The Playboy Mansion is one of the most iconic properties in the world and the crown jewel of Holmby Hills and the platinum triangle,” Metropoulos said at the time of the purchase. “For the last 45 years, Mr. Hefner has imbued the estate with a rich and storied legacy. The property’s heritage is not only that of a famous address; it is a true masterpiece in design, constructed by a noted architect for a family who played an important role in the development of Los Angeles in the early 20th Century.”
Now that Hefner has passed away, the property will undergo a massive renovation and will be reconnected with a neighboring property, creating a massive, 7.3-acre compound in Holmby Hills. It will be a private residence for Metropoulos.
“Hugh Hefner was a visionary in business, a giant in media and an iconic figure of pop culture whose legacy will leave a lasting impact. I was fortunate to know him as a neighbor and friend and I extend my deepest sympathies to his family,” Metropoulos told Page Six in a statement.
He did not provide details on when renovations will begin or how much time will be given to the Hefner family to remove valuables.
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(Photo Credit: Associated Press)