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-   -   How much is the Playboy Mansion Worth? Any Idea? (https://gfy.com/showthread.php?t=744340)

Semi-Retired-Dave 06-19-2007 11:25 PM

How much is the Playboy Mansion Worth? Any Idea?
 
I've done my share of buying and selling homes, but I wouldn't even know where to start on this one.

Location Location Location, Lot Size, and most of all...The History.
Should be a Historical landmark by now and he should't be paying any property taxes. :thumbsup
What do you guys think, I've been there about 5 times and every time I just see more and more character from this place.
I have no idea, but I am going to guess...50 Million?
What's your thoughts?

Spunky 06-19-2007 11:26 PM

35-40 perhaps?

StickyGreen 06-19-2007 11:28 PM

Quote:

Originally Posted by Spunky (Post 12628079)
35-40 perhaps?

Million? You're fucking trippin...

Semi-Retired-Dave 06-19-2007 11:30 PM

Quote:

Originally Posted by StickyGreen (Post 12628083)
Million? You're fucking trippin...

Higher or lower?

StickyGreen 06-19-2007 11:33 PM

Quote:

Originally Posted by CyberAge-Dave (Post 12628086)
Higher or lower?

Well I am currently in only my 2nd real estate class this summer, so I shouldn't talk just yet. But I think it would be lower for sure...

DaddyHalbucks 06-19-2007 11:35 PM

Alot of money.

It is a landmark.

Dunno for sure, but $50 million seems in the realm of reason.

Spunky 06-19-2007 11:37 PM

Quote:

Originally Posted by StickyGreen (Post 12628083)
Million? You're fucking trippin...

Major history and great location..probably not far off

shahab6 06-19-2007 11:38 PM

probably 20mill

StickyGreen 06-19-2007 11:38 PM

Quote:

Originally Posted by Spunky (Post 12628119)
Major history and great location..probably not far off

Yea, now that I think about it, you could be close. When you factor in the "playboy factor." But based solely on California real estate... I dunno...

WWC 06-19-2007 11:39 PM

wow thinking of buying it?

PS: did you buy sex.com? or sponsoring it?

Warren 06-19-2007 11:40 PM

Seems you're 50 mill guess was spot on Dave :thumbsup

The 22,000 square foot (1,951 square meter) house is described as being in the "Gothic-Tudor" style by Forbes magazine, and sits on 5.3 acres. It was built by architect Arthur R. Kelly in 1927 and acquired by Playboy in 1971 for about $1.2 million. It sits close to the extreme northwestern corner of the exclusive Los Angeles Country Club, near UCLA and the Bel-Air Country Club. Over the years, approximately $15 million has been invested in renovating and expanding the mansion and the current market value of the home is $50 million.

Semi-Retired-Dave 06-19-2007 11:44 PM

Quote:

Originally Posted by StickyGreen (Post 12628103)
Well I am currently in only my 2nd real estate class this summer, so I shouldn't talk just yet. But I think it would be lower for sure...

Cali prices and the one and only PlayBoy Mansion..Even if it doesn't get appraised at 50 Mil, I"m sure someone will pay to own it for their collection. LOL.

spunkmaster 06-19-2007 11:44 PM

zillow.com says 5.9 Million but the next door house is 16 Mil and it's
a smaller house and lot ?

My guess is 20-30 Million !



10236 Charing Cross Rd.
Beverly Hills, CA 90024

RevSand 06-19-2007 11:44 PM

If you consider Aaron Spellings place that is next door is or did sell for 150 million.... It is a larger mansion on a bigger compound but still comparable... I would say 50 million is a little low...

JFK 06-19-2007 11:44 PM

Quote:

Originally Posted by Warren (Post 12628134)
Seems you're 50 mill guess was spot on Dave :thumbsup

The 22,000 square foot (1,951 square meter) house is described as being in the "Gothic-Tudor" style by Forbes magazine, and sits on 5.3 acres. It was built by architect Arthur R. Kelly in 1927 and acquired by Playboy in 1971 for about $1.2 million. It sits close to the extreme northwestern corner of the exclusive Los Angeles Country Club, near UCLA and the Bel-Air Country Club. Over the years, approximately $15 million has been invested in renovating and expanding the mansion and the current market value of the home is $50 million.

Good find:thumbsup I also figured it would be under the corporate assets of the company.So it would have some public record as to how much they have it on the books for:thumbsup

Semi-Retired-Dave 06-19-2007 11:47 PM

Quote:

Originally Posted by spunkmaster (Post 12628144)
zillow.com says 5.9 Million but the next door house is 16 Mil and it's
a smaller house and lot ?

My guess is 20-30 Million !



10236 Charing Cross Rd.
Beverly Hills, CA 90024

Zillow is usually off by a few mil here and there..LOL.
Can you imagine someone buying it then level it to make Condos..haha.
Sorry, that would be horrible, but imagine the wanna be players you would have on the waiting list and the pre-sells. Just one pool in the middle. Hmm.
It's not zoned for it anyways, I am just blabbering away before bed.
I am still at 50.

Semi-Retired-Dave 06-19-2007 11:50 PM

Quote:

Originally Posted by Warren (Post 12628134)
Seems you're 50 mill guess was spot on Dave :thumbsup

The 22,000 square foot (1,951 square meter) house is described as being in the "Gothic-Tudor" style by Forbes magazine, and sits on 5.3 acres. It was built by architect Arthur R. Kelly in 1927 and acquired by Playboy in 1971 for about $1.2 million. It sits close to the extreme northwestern corner of the exclusive Los Angeles Country Club, near UCLA and the Bel-Air Country Club. Over the years, approximately $15 million has been invested in renovating and expanding the mansion and the current market value of the home is $50 million.

WOW!!! Good Find. Right on the money. How old is that article?

Semi-Retired-Dave 06-19-2007 11:54 PM

Quote:

Originally Posted by RevSand (Post 12628145)
If you consider Aaron Spellings place that is next door is or did sell for 150 million.... It is a larger mansion on a bigger compound but still comparable... I would say 50 million is a little low...

http://www.tmz.com/media/2006/07/spe...3_0705_275.jpg

Looks like a long walk to the kitchen...:1orglaugh

Semi-Retired-Dave 06-19-2007 11:54 PM

Quote:

Originally Posted by RevSand (Post 12628145)
If you consider Aaron Spellings place that is next door is or did sell for 150 million.... It is a larger mansion on a bigger compound but still comparable... I would say 50 million is a little low...

http://www.tmz.com/media/2006/07/spe...3_0705_275.jpg

Looks like a long walk to the kitchen...:1orglaugh

jprole 06-19-2007 11:55 PM

I'd only want it if the bunnies come with it

spunkmaster 06-19-2007 11:57 PM

Quote:

Originally Posted by CyberAge-Dave (Post 12628150)
Zillow is usually off by a few mil here and there..LOL.
Can you imagine someone buying it then level it to make Condos..haha.
Sorry, that would be horrible, but imagine the wanna be players you would have on the waiting list and the pre-sells. Just one pool in the middle. Hmm.
It's not zoned for it anyways, I am just blabbering away before bed.
I am still at 50.


zillow is within 10% 99.99% of the time though :)

The thing is all the houses around this address that sold the last two years sold for 6-8 million so I'm sticking with my 20-30 Mil except that a high roller would pay 100 Mil just because it was hef's house :)

Jace 06-20-2007 12:02 AM

see, the thing is with that house though, even though just as a raw property with history it might only be $50mil....but I guarantee you auction that fucker off it will get upwards of $100-150mil pretty easily

RevSand 06-20-2007 12:08 AM

Quote:

Originally Posted by CyberAge-Dave (Post 12628171)
http://www.tmz.com/media/2006/07/spe...3_0705_275.jpg

Looks like a long walk to the kitchen...:1orglaugh


yea its just a small intimate little place... :winkwink:

WWF-Jimmy 06-20-2007 12:10 AM

I would say the History out ways any factor in this case, so hard to put a price on it. Most likely it will never be sold, thinking it may one day be a museum like Grace land.

Semi-Retired-Dave 06-20-2007 12:10 AM

Quote:

Originally Posted by Jace (Post 12628200)
see, the thing is with that house though, even though just as a raw property with history it might only be $50mil....but I guarantee you auction that fucker off it will get upwards of $100-150mil pretty easily

Only if the buyer pays it all cash, the bank will only loan a percentage of what the house is worth.
So if the new buyer was going to try and get a 150 million dollar loan on a house that is worth 50..it will never fly.
I say 50 of us all pitch in 50 Mill and buy it, we'll rent it back to Hef for 20K a month and we get to host all his parties..
I'm in..Do I have any backup??? :winkwink: 49 more to go.

Pornwolf 06-20-2007 12:58 AM

Market value is only a starting point for the mansion.

I originally thought it would start at $60 mil.

It's history could take it as high as $100 million. A rich Arab would buy the place in a heartbeat.

collegeboobies 06-20-2007 01:06 AM

Quote:

Originally Posted by Jace (Post 12628200)
see, the thing is with that house though, even though just as a raw property with history it might only be $50mil....but I guarantee you auction that fucker off it will get upwards of $100-150mil pretty easily


You fucking kidding? Lol you overestimate history of porn

Thisis the only house worth $150mil that I know of
http://www.digitaljournal.com/article/141373

Jace 06-20-2007 01:10 AM

Quote:

Originally Posted by collegeboobies (Post 12628425)
You fucking kidding? Lol you overestimate history of porn

Thisis the only house worth $150mil that I know of
http://www.digitaljournal.com/article/141373

nope, not one bit actually

I have seen breast implants get removed from girls and go for $50k
I have seen girls auction off dates to their members and get upwards of $20k for the evening
hell, I even saw a couch used in porn sets go for $4k

also, I never said the HOUSE was worth $150mil, did I?

I am saying that some billionaire will EASILY swoop in and pay $150mil....easily

zeruel 06-20-2007 01:19 AM

wow... that was a serious money there... http://i66.photobucket.com/albums/h2...Only/blink.gif

RevSand 06-20-2007 01:33 AM

Quote:

Originally Posted by Jace (Post 12628439)

hell, I even saw a couch used in porn sets go for $4k


I have a futon at my studio that has been used for a bunch... $1k anyone?? :winkwink:

RevSand 06-20-2007 01:35 AM

There will be someone like Joe Francis (when not in trouble with the law) who will want to come in a swipe it up in a heartbeat... The house is also a legand in itself and in the right hands can be a nice investment and money maker much like it is now with all the rented out parties there...

LexiGoddess 06-20-2007 04:01 PM

50 min ish

_Richard_ 06-20-2007 04:34 PM

for the playboy mansion? man... i'd be thinking 100+

just the idea that someone could say "i own the playboy mansion".. that's worth 100 mil alone

Rochard 06-20-2007 05:20 PM

The question is...... Who owns the Playboy Mansion?

Pornwolf 06-20-2007 05:28 PM

Quote:

Originally Posted by RevSand;
There will be someone like Joe Francis (when not in trouble with the law) who will want to come in a swipe it up in a heartbeat... The house is also a legand in itself and in the right hands can be a nice investment and money maker much like it is now with all the rented out parties there...

You are G'daamn right.

If I had 1 bil I would pay gladly pay 100 mil for that house. Talk abut the ultimate after-party pad. Pool parties, BBQ's... OMFG.

For some that is worth it's weight in gold.

Wizzo 06-20-2007 05:33 PM

Standard Real Estate Appraisal rules wouldn't apply, because its a world wide known estate... I would say in the 75-100 million range... :pimp

tranza 06-20-2007 05:45 PM

Quote:

Originally Posted by Rochard (Post 12632777)
The question is...... Who owns the Playboy Mansion?

Good question indeed...

UniversalPassLorence 06-20-2007 05:49 PM

With or without the girls?

Jace 06-20-2007 05:53 PM

Quote:

Originally Posted by Rochard (Post 12632777)
The question is...... Who owns the Playboy Mansion?

I would venture to guess ICS does, or whoever owns playboy

hugh hefner is the head honcho, but does he even technically own it anymore?

datatank 06-20-2007 05:54 PM

Quote:

Originally Posted by CyberAge-Dave (Post 12628222)
Only if the buyer pays it all cash, the bank will only loan a percentage of what the house is worth.
So if the new buyer was going to try and get a 150 million dollar loan on a house that is worth 50..it will never fly.
I say 50 of us all pitch in 50 Mill and buy it, we'll rent it back to Hef for 20K a month and we get to host all his parties..
I'm in..Do I have any backup??? :winkwink: 49 more to go.

Playboy already owns it and rents it back to heff. That is one of the reasons he throws all the parties for income
:2 cents:

I dont know why i know this usless info lol

corvette 06-20-2007 05:59 PM

Quote:

Originally Posted by Jace (Post 12628439)
I am saying that some billionaire will EASILY swoop in and pay $150mil....easily

i agree, the "want to go to back to my place?" line would be priceless

some rich guys will "just have" to have it, price will be high

nikki99 06-20-2007 06:10 PM

Quote:

Originally Posted by datatank (Post 12632900)
Playboy already owns it and rents it back to heff. That is one of the reasons he throws all the parties for income
:2 cents:

I dont know why i know this usless info lol

and heff owns playboy or just a % or I am wrong?

I donīt get it :error

Semi-Retired-Dave 06-20-2007 07:33 PM

Quote:

Originally Posted by datatank (Post 12632900)
Playboy already owns it and rents it back to heff. That is one of the reasons he throws all the parties for income
:2 cents:

I dont know why i know this usless info lol

You know this because it's the proper way of doing business.

Can you imagine owning it, and telling some girl to come back to your place and they say no. Talk about killing your ego. :mad

tiger 06-20-2007 08:46 PM

This history and name of the place are worth 30x what the actual land and house are worth.


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