Celebrity Properties: The Los Angeles Times is reporting that Playboy founder Hugh Hefner's mansion is for sale at $27.995 million. This is not the storied Playboy Mansion every red-blooded man in the world fantasizes visiting. It is the one next door, a neighboring two-story English manor-style residence that sets on 2.3 acres and backs up to the Los Angeles Country Club.

The listing, which is being handled by Joyce Rey and Stacy Gottula of Coldwell Bankers Previews International, is so fresh that it is not yet posted on the company's Web site.

The gated 7,300-square-foot mansion features five bedrooms, seven bedrooms and two dining rooms; a formal living room, a library, and a family room. It also includes a morning room with a remodeled kitchen, a butler's pantry, two staff rooms, and a swimming pool.

The Los Angeles Times also reported that Hugh and Kimberly Hefner, who purchased the 80-year-old residence in 1998, are selling it because their two sons are heading off to college. After all, why have two mansions when one will do? Kimberly Hefner, who Hugh met at the office, is the January 1988 centerfold model and the 1989 Playmate of the Year.

See more multimillion-dollar listings of Coldwell Bankers Previews International at www.coldwellbankerpreviews.com.

For LxM James Rothaar