Playboy Mansion, Hugh Hefner

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A page is turning in the book of the Playboy Mansion.

Hugh Hefner's home, which sits on five rolling acres in the Holmby Hills and has become one of the biggest pieces of real estate for some of the industry's largest parties, has been put on the market and listed for $200 million.

"This is the right time to seek a buyer for this incredible property who understands the role the Mansion has played for our brand and enables us to continue to reinvest in the transformation of our business," said Playboy Enterprises CEO, Scott Flanders, in a statement to E! News. "The Playboy Mansion has been a creative center for Hef as his residence and workplace for the past 40 years, as it will continue to be if the property is sold." 

Playboy Mansion, Hugh Hefner

AP Photo/Kevork Djansezian

So what exactly does this mean for the face of Playboy? A realtor explained to E! News that the property is known as a "living estate," which means Hef will remain in the mansion until he dies, no matter who buys it.

Still, the property bodes plenty of alluring qualities that will surely reel in a hopeful buyer. It's nearly 20,000 square foot residence is both an "ultra-private retreat and the ultimate setting for large-scale entertaining," the statement from the real estate agencies, The Agency and Hilton & Hyland, reads.

Playboy Mansion

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"The Mansion features 29 rooms and every amenity imaginable, including a catering kitchen, wine cellar, home theater, separate game house, gym, tennis court and freeform swimming pool with a large, cave-like grotto. The property also features a four-bedroom guest house."

It's also one of the few private residences in Los Angeles with a zoo license…you know, just in case you were looking for a spot to house your pet lion.

"At the time Hef and Playboy purchased the home, it was the largest real estate transaction in Los Angeles history," added Gary Gold of Hilton & Hyland. "Today, we hope to make the same history with the property."

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