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Playboy Mansion On the Market for $200 Million, Hef Included

The ultimate bachelor pad is up for sale — with the ultimate former bachelor included.

The Playboy Mansion in Holmby Hills, in Los Angeles' Westwood district, is being put up for sale by Playboy Enterprises for $200 million. But since the deal will be structured as a "living estate," any buyer will have to allow the mansion's famous resident — 89-year-old Hugh Hefner — to continue renting the house until his death.

Hugh Hefner
Playboy magazine founder Hugh Hefner poses for photos at the Playboy Mansion in Los Angeles on Nov. 4, 2010. Jae C. Hong / AP

The listing of the 22,000-square-foot Gothic Tudor mansion comes amidst a continued overhaul of Playboy Enterprises as it seeks to shift from a racy magazine publisher to a global licensing company.

Hefner bought the mansion in 1971 for a then-record $1.05 million.

He lives in the mansion with his wife, 29-year-old former Playmate of the Month Crystal Harris. But Hefner rents his living quarters and other areas from Playboy Enterprises.

Image: Playboy Mansion
A Jan. 11, 2007, file photo of the Playboy Mansion pool. GABRIEL BOUYS / AFP - Getty Images, file

While the home has a fabled history — parties, celebrities, racy entanglements — the home is unlikely to fetch anywhere near $200 million, according to brokers. The most expensive sale in Holmby Hills is the reported $102 million paid for the larger and more elaborate Fleur de Lys Estate in 2014.

The Playboy Mansion has 29 rooms, including a catering kitchen, wine cellar, home theater, separate game house, gym, tennis court and swimming pool with a cave-like grotto.

It also has a four bedroom guest house and includes 5 acres of land. The property also has aviaries and several exotic animal pens.

The press release for the listing touts the added benefit that the Playboy Mansion is "one of a select few residences in L.A. with a zoo license."

The mansion is being listed by Drew Fenton and Gary Gold of Hilton & Hyland, along with Mauricio Umansky of The Agency.