Daren Metropoulos, a principal at private-equity firm Metropoulos & Co. who bought the property adjacent to the Playboy mansion in 2009, is in contract to now purchase the mansion, reports WSJ.
The home was listed for $200 million by broker Mauricio Umansky of The Agency, as well as Gary Gold and Drew Fenton of Hilton & Hyland.
Jeffrey Hyland, the president of Hilton & Hyland, said the price was “nine digits” and would set a record for the highest-priced residential sale in Los Angeles. He said there were multiple offers for the property.
There is a boom in the construction of hundred million dollar properties.
According to WSJ, there are 27 properties listed around the world for $100 million or more, compared with 19 last year.
Properties in that price range can sit for years, but the Playboy property sold in just five months.