Playboy Mansion sells, keeps Hugh Hefner as tenant

Sale of the Playboy mansion is reportedly underway with a financier who owns the adjacent property, and would allow Hugh Hefner to remain in the house for life.

The sale price couldn't immediately be confirmed, according to The Wall Street Journal. The mansion was listed for $200 million and is owned by Playboy Enterprises.

A Playboy spokesman confirmed to the WSJ that the mansion is in contract.

PHOTOS: Check out the Playboy Mansion

Also Read:Playboy Seeks to 'Usher in a New Era' With Original Video on Tech, Food, Gaming

Daren Metropoulos, the reported buyer, lives directly next door and is a principal at private-equity firm Metropoulos & Co. He bought his current house from Hugh Hefner for $18 million back in 2009.

"The heritage of this property transcends its celebrity and to have the opportunity to serve as its steward would be a true privilege," Metropoulos told the WSJ.

According to the terms of the sale, Hefner can live in the mansion for the rest of his life. Metropoulos reportedly plans to combine to two properties once Hefner is no longer a resident.

Read original story Playboy Mansion Sells, Keeps Hugh Hefner as Tenant At TheWrap

PHOTOS: Hugh Hefner and Playboy magazine