Hot Property: Hugh Hefner sells his Holmby Hills residence for $18 million
Playboy Enterprises founder Hugh Hefner and his wife Kimberley have sold their personal residence, next door 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.
The Hefners bought the property in 1996 for an undisclosed sum. It had been listed then at $17.25 million.
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.
No word yet on who bought.
-- Lauren Beale
Thoughts? Comments?
Photo: Rooms include a formal living room, dining room, library, his-and-her powder rooms and a media room with film projector and built-in screen that drops from the ceiling. 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. Credit: J. Elson
Hef broke even after owning the place for 13 years?
He listed for $28 mil and sold for $18 mil? Something isn't adding up here.
Posted by: Ace | August 03, 2009 at 11:04 AM
All the wealthy people seem to want to get out of this state because of the loonies in Sacto wanting to tax everyone who makes money.
Posted by: syscom3 | August 03, 2009 at 02:34 PM