Here's what will happen to the infamous Playboy Mansion now that Hugh Hefner has died

Hugh hefnerDan Kitwood/Getty ImagesHugh Hefner lived in the home until he died at 91.

Hugh Hefner, founder of Playboy magazine and longtime tenant of its namesake house, has died at 91.

The famous 20,000-square-foot Holmby Hills estate that he inhabited for more than 40 years will soon enter a new phase under different ownership.

The Playboy Mansion sold for $US100 million in 2016. Though that’s certainly a high number, it was merely half of the asking price that had made it the most expensive for-sale house in America for much of 2016.

The house was sold to its next-door neighbour, Daren Metropoulos, a principal of the private-equity firm Metropoulos & Co. and a former co-CEO of Pabst Brewing Company.

The home was never technically owned by Hefner. Playboy Enterprises bought the mansion for just over $US1 million 45 years ago and leased it back to him. He reportedly paid just $US100 a year to live there under the arrangement.

Hefner did, however, have life rights to the property — as a stipulation in the sale, he could live there for as long as he wanted, though he would pay $US1 million a year to do so.

Metropoulos said at the time of the sale that he intended to connect the Playboy Mansion and his adjoining property, which he bought in 2009 for $US18 million.

“I feel fortunate and privileged to now own a one-of-a-kind piece of history and art,” Metropoulos said in a press release announcing the closing of the sale. “I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come.”

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