The Playboy Mansion, the most famous home that hosted the hottest gatherings ever happened in Los Angeles is for sale. The affluent architect Arthur Kelly designed the house in 1927 for department store heir Arthur Letts, Junior. Later, Hefner bought the house from entrepreneurial inventor Louis Statham for $1.05 million in 1971 which was then a record number. If it sells at asking price, it is 200 times in 45 years. $4.4 million increase per year.
Advertising and marketing are everything regarding sales especially high ticket items. The real estate agents who listed the Playboy Estate Gary Gold and Mauricio Umansky, have the advantages of an exceptionally well-known brand and name behind the home, which lately went on the market and had a $200 million price tag.
But the latest media about the estate may be less-than-glowing. There was some publicity recently about the house as depressing. “Playboy Mansion”, for many months continues to be one of the tops searched phrases of the search engines according to recent results along with, Playboy’s headline that it would not be publishing nudity in the publication. Many people question if the business is still relevant in the digital electronic era.
How about a contingency that the glorious Hugh Hefner, be permitted to continue to occupy the home and property until his death. If there is a challenge, this stipulation would be it.
Hefner may be in his late 80s, but he may be around for a long time since he’s been given himself top-notch medical treatment for just about all of his life.
A picture is worth thousand words, then look at these photographs that listing agents distributed to press should be getting Hefner quite a bit better that desired $200 million asking price. The estate appears to be somewhat as grand as when it was originally constructed in 1927. The very last renovate for this seven-bedroom, 14,000-plus-square-foot property was finished in 1947, based on public record information.
Who would quite possibly the most very likely buyer? My prediction will be a history aficionado, primarily a person enthusiastic about the historical past of publishing, or perhaps a technology start-up newly wealthy who has acquired loving reminiscences from the publication.
See the Listing at Mansion Global