Our first report from the field this year:
Our first report from the field this year:
Hef gets a ‘life estate’, meaning the buyer won’t receive possession and occupancy until his death – for just $200 million!
The Playboy Mansion—the sprawling Los Angeles house that over four decades came to embody Hollywood’s sybaritic party culture—is going on the market for $200 million.
Longtime resident Hugh Hefner has no plans to leave: Seller Playboy Enterprises is stipulating Mr. Hefner, 89, be allowed to remain at the home for the rest of his life.
Founded by Mr. Hefner in 1953, Playboy helped usher in the sexual revolution, but more recently has shed staff and reorganized its business. Scott Flanders, Playboy Enterprises’ chief executive, said in a statement that the sale of the mansion “enables us to continue to reinvest in the transformation of our business.” “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,” he added.
On roughly 5 acres, the property is one of the largest in Holmby Hills and borders the Los Angeles Country Club. According to listing agents Mauricio Umansky of the Agency and Gary Gold and Drew Fenton of Hilton & Hyland, the mansion is roughly 20,000 square feet. The property includes an elaborate swimming pool and grotto, zoo and game house.
The estate is in need of renovation. “The house will require remodeling, for sure,” Mr. Umansky said, though he added that the value of the land alone is close to $100 million. The home’s interiors are “dated and will need to be remodeled and redesigned,” he said. Moreover, a buyer may want to increase the size of the house.
Acquired by Playboy Enterprises in 1971 for $1.05 million, the mansion is the longtime home of Mr. Hefner, who rents the mansion from the company for a “small, nominal amount each year,” according to a Playboy spokesperson. While Mr. Hefner’s remaining at the property is “nonnegotiable,” Mr. Umansky said, the exact terms of the arrangement will be determined during purchase negotiations.
Thanks Susie for sending this in!
Not just anyone can get in to see Michael Jackson’s former Neverland ranch, which is for sale at $100 million.
Vetted billionaires and high-end real estate agents have been among the few to tour Sycamore Valley Ranch, as the 2,700-acre spread in Los Olivos is known.
But on Monday morning NBC New’s “Today” show is offering the next best thing, a virtual tour in which correspondent Joe Fryer looks at features from the late King of Pop’s day. Among them are the international superstar’s floral clock, train station and movie theater.
The host made a mistake and said 2,700sf in this video – it is 2,700 acres:
If you like the old classics and want a decent-sized lot, here you go!
LP= $16,250,000, or $29,900 rent per month:
I mentioned the downtown San Diego open house tour on Saturday, and got there myself for just a glimpse – here’s a sampling of the diverse buildings on this year’s list:
The actual mission-style building that houses the San Diego Chinese Museum was physically moved from a couple of blocks over. They have photos of that and other historic shots when you visit in person. For a youtube tour, click here: https://youtu.be/yUwSrfqu0kE
Enjoy local architecture in October, with lectures, exhibitions, and tours scheduled throughout the month – from the UT:
Fantastic opportunities in the second and third tours:
“Sundays with Save Our Heritage Organisation,” at 10 a.m. and 1 p.m. each Sunday in October, Balboa Park and other locations; see sohosandiego.org for details.
Modern San Diego home tours, 11 a.m. to 5 p.m., Oct. 10; self-guided tours of six homes, $40; tickets at modernhometours.com.
“Oh! San Diego” open house tours of 41 sites, 8 a.m. to 4 p.m. Oct. 17; free. See details at sdarchitecture.org.
American Society of Interior Designers Kitchen and Bath tour, 9 a.m. to 5 p.m. Oct. 24; $25; tickets available from asidsandiego.org.
Door knobs and lights seen around town:
A tour of one of the oldest houses in Carlsbad:
For Gavin Herbert, the retired founder and CEO of Allergan—the nearly $70 billion pharmaceuticals company—it was a lifelong love of gardening that led to his ownership of one of Southern California’s most storied and valuable coastal properties: President Richard Nixon’s so-called Western White House.
Now, it will hit the market for $75 million. Mr. Herbert, 83, is selling the estate after 35 years of ownership and is looking for a buyer who will continue to care for the property. The 5.5-acre estate in San Clemente, Calif., has more than 15,000 square feet of living space over a main house, guesthouses and staff quarters, and 450 feet of ocean frontage.
In 1969, six months into his presidency, Mr. Nixon and some business partners bought the property, then 26 acres, for $1.4 million from the widow of original owner, Hamilton Cotton, according to reports from the time. He dubbed it La Casa Pacifica.