The Playboy Mansion sale has closed, and the buyer, who owns the mansion next door, has agreed to let Hugh Hefner continue living in the party pad, but he has to pay $1 million yearly for rent and other expenses.
After lots of interested parties (armed with low-ball offers), it appears the famed 1927 mansion in fancy Holmby Hills has found a buyer close by. The owner of a neighboring mansion is in contract to buy the place for an unknown amount.