The longtime home of Playboy magazine founderThe sale of the Playboy Mansion to next door neighbor Daren Metropoulos has closed for $100 million, said a spokesperson for Mr. Metropoulos. Playboy will pay Mr. Metropoulos $1 million a year for upkeep of the property while Mr. Hefner is living there, according to people with knowledge of the transaction. ENLARGE Daren Metropoulos at his current home, which is next door to the Playboy Mansion. In 2014 Fleur de Lys, a mansion of over 40,000 square feet, sold for $88.3 million, according to public records. The Playboy Mansion, purchased by Playboy Enterprises in 1971 for $1.05 million, is Mr. Hefner’s longtime home and is famous for its parties.

Source: Wall Street Journal August 16, 2016 13:34 UTC