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That is an archived article and the data in the article could also be outdated. The 89-12 months-previous Playboy founder, who has worked and made his dwelling on the mansion for decades, will probably be allowed to stay in residence for the rest of his life – a condition of the sale. Information has learned that although a purchaser came forward to snag the $118 million property, the sale really fell by means of, and now Hugh Hefner ‘s well-known digs are going again on the market come Monday. News confirmed the Los Angeles landmark found a purchaser only a few months after it was put available on the market for a whopping $200 million. United Automobile Insurance Co. Chairman and CEO Richard Parrillo and his wife, Michaela, built the mansion on North Burling Street lower than a decade ago after assembling seven city heaps.