LOS ANGELES (CBSLA.com) — The Playboy Mansion could soon be going up for sale, but the price tag may be hefty and may come with a catch.
According to the celebrity entertainment news site TMZ.com, the storied estate will be listed for $200 million.READ MORE: Pro Skateboarder From Long Beach, 36-Year-Old Terry Kennedy, Arrested, Charged With 1st Degree Murder
But experts say that’s a stretch.READ MORE: Police Seek Help Finding Hit-And-Run Driver Who Backed Over 91-Year-Old Woman Near USC
They say the six-acre Holmby Hills estate is really just a tear-down and will likely sell for less than half of the potential listing price.
As for the catch, the celebrity website reports the 89-year-old Hugh Hefner will receive a life estate interest in the property, allowing him to live there for the rest of his life.MORE NEWS: Astros To Face Dodgers Crowd For First Time Since Cheating Scandal