LOS ANGELES — The deal is done, and the Playboy Mansion has a new owner.
Daren Metropoulos, who lives next door, said Tuesday that escrow has closed on his $100 million purchase of Hugh Hefner’s man cave.
But the 33-year-old principal in 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 5-acre Playboy estate to his 2-acre 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.
Frederic J. Brown, AFP/Getty Images
The swimming pool at the Playboy Mansion on in Holmby Hills, Los Angeles, California on May 11, 2016.
Frederic J. Brown, AFP/Getty Images
A woman walks across a lawn at the Playboy Mansion in Holmby Hills, Los Angeles, California on May 11, 2016.
Charley Gallay, Getty Images for Playboy
A general view of the atmosphere at a Special Screening and After-Party for EuropaCorp's 'The Transporter Refueled' held at the Playboy Mansion on August 25, 2015 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for Playboy)
Charley Gallay, Getty Images for Playboy
An atmosphere shot of the cocktail hour during an advance screening of Entourage at the Playboy Mansion on May 20, 2015 in Los Angeles, California. (Photo by Charley Gallay/Getty Images for Playboy)
Charley Gallay, Getty Images for Playboy
An atmosphere shot of the cocktail hour during an advance screening of Entourage at the Playboy Mansion on May 20, 2015 in Los Angeles, California.
Jason Kempin, Getty Images for Playboy
A view of the grotto during Playboys 2015 Playmate of the Year Ceremony at the Playboy Mansion on May 14, 2015 in Los Angeles, California. (Photo by Jason Kempin/Getty Images for Playboy)
Jason Kempin, Getty Images for Playboy
A view of the Playboy Mansion during Playboys 2015 Playmate of the Year Ceremony at the Playboy Mansion on May 14, 2015 in Los Angeles, California. (Photo by Jason Kempin/Getty Images for Playboy)
Christopher Polk, Getty Images for Playboy
Guests attend the Annual Midsummer Night's Dream Party at the Playboy Mansion hosted by Hugh Hefner on August 16, 2014 in Holmby Hills, California.
Christopher Polk, Getty Images for Playboy
General view of an event where Iconic Brands Porsche And Playboy Celebrate With A Special Movie Night Gathering at The Playboy Mansion on August 22, 2013 in Beverly Hills, California. (Photo by Christopher Polk/Getty Images for Playboy)
Charley Gallay, Getty Images for Playboy
A general view of the atmosphere during Hugh Hefner's annual Midsummer Night's Dream party held at the Playboy Mansion on August 3, 2013 in Beverly Hills, California.
Gabriel Bouys, AFP/Getty Images
The jacuzzi of Playboy Magazine publisher Hugh Hefner's property, the Playboy Mansion, is seen 11 January 2007 in Beverly Hills.
Gabriel Bouys, AFP/Getty Images
Playboy Magazine publisher Hugh Hefner's property, the Playboy Mansion, is pictured 11 January 2007 in Beverly Hills.
Playboy Magazine publisher Hugh Hefner's property, the Playboy Mansion, is pictured 11 January 2007 in Beverly Hills.
Gabriel Bouys, AFP/Getty Images
Playboy Magazine publisher Hugh Hefner's property, the Playboy Mansion, is pictured 11 January 2007 in Beverly Hills.
Gabriel Bouys, AFP/Getty Images
Playboy Magazine publisher Hugh Hefner's chess table is pictured in the living room of his property, the Playboy Mansion 11 January 2007 in Beverly Hills.
Gabriel Bouys, AFP/Getty Images
View of the Playboy Mansion, owned by US Playboy Magazine publisher Hugh Hefner in Beverly Hills, California, 14 October 2006.
Hector Mata, AFP/Getty Images
The swimming pool of Playboy Enterprises CEO Hugh Hefner's mansion is shown Los Angeles, California 23 August 2006. Hefner called journalists to promote the premiere in France of the series "The Girl Next Door", a reality show that introduce the viewer into the daily life of Hefner and his three girlfriends. (Photo credit should read HECTOR MATA/AFP/Getty Images)
Hector Mata, AFP/Getty Images
Hugh Hefner, CEO of Playboy Enterprises, poses for a photo during an interview with journalists at his mansion in Los Angeles, CA 23 August 2006. Hefner called the interview to promote the premiere in France of the series "The Girl Next Door", a reality show that introduces the viewer to the daily life of Hefner and his three girlfriends.
Frazer Harrison, Getty Images
A general atmosphere shot at the 10th Annual Safari Brunch on October 16, 2004 at the Playboy Mansion in Beverly Hills, California.
Dan Steinberg, Playboy via The Associated Press
In this photo released by Playboy, the front yard of the Playboy Mansion is transformed into a graveyard at the Playboy Mansion Halloween Party Preview in Los Angeles on Friday, Oct. 26, 2007.
John Salangsang, Invision/The Associated Press
In this Wednesday, May 11, 2016 file photo, the grounds at the Playboy Mansion in Los Angeles. Daren Metropoulos, who lives next door to the mansion, said Tuesday, Aug. 16, that escrow has closed on his $100 million purchase of 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.
Frederic J. Brown, AFP/Getty Images
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The swimming pool at the Playboy Mansion on in Holmby Hills, Los Angeles, California on May 11, 2016.
