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A view of the Playboy Mansion in Los Angeles, California, U.S. February 10, 2011. REUTERS/Fred Prouser/File Photo Image Credit: REUTERS

The deal is done, and the Playboy Mansion has a new owner.

Daren Metropoulos, who lives next door, said on Tuesday that escrow has closed on his $100 million (Dh367 million) purchase of Hugh Hefner’s man cave.

The 33-year-old principal in the investment firm Metropoulos & Co. won’t necessarily be moving in any time soon.

Under terms of the deal, Playboy’s 90-year-old founder may stay there for the rest of his life.

After Hefner leaves, Metropoulos plans to connect the 20,200-square-metre Playboy estate to his 8,093-square-metre digs next door.

The homes, built in the 1920s, were originally one estate.

Hefner bought the Playboy Mansion for $1.05 million in 1971, quickly turning it into a sexual playground.

In its heyday it was the scene of countless celebrity-filled parties and innumerable tales of sexual shenanigans.