The Playboy Mansion is officially off the market!

The deal between Hugh Hefner and his neighbour Daren Metropoulos has closed for $100 million, setting a new record in Los Angeles home sales.

The famous 5-acres estate went on the market back in January for $200 million, but the deal came along with a list of restrictions. According to the terms of the deal, Hefner would be allowed to live in the mansion for the remainder of his life.

RELATED: The Playboy Mansion Is Back On The Market

The $100 million price tag is believed to be the highest price ever paid for a Los Angeles area home.

With the purchase of the mansion, Metropoulos intends on connecting his neighbouring property —which he also bought from Hefner in 2009 for $18 million— to the Playboy grounds. As outlined in to the deal, he’ll only be able to begin renovations after Hefner leaves the property. “I look forward to eventually rejoining the two estates and enjoying this beautiful property as my private residence for years to come,” Metropoulos wrote in a statement.

Hefner bought the mansion in 1971 for $1.05 million.