One of the most famous properties in L.A. is for sale, The Playboy Mansion. But there is small clause in the contract, Hef has to stay.

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The mansion that has been the backdrop to some of the wildest parties in L.A. is for sale, The Hipster Bible has learned.

The property was built back in 1927 and sits on a 6 acre estate in the Holmby Hills.  The owners of the Playboy Mansion – Playboy enterprises is looking for a figure of $200 million.

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Inside the Party Mansion

Real estate sources in the local area indicated that the mansion will not be sold for such a high price, based on recent property sales in the same area.  Recent property sales were in the region of $60 million.  However, taking into the consideration the history of the mansion, it is likely to be sold between $80 – $90 million.

One of the strings attached to purchasing the mansion is Hugh Hefner, he must stay and live in the mansion with the new owner until he dies.

Written By: James Griffiths

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