Home of Playboy magazine founder Hugh Hefner, 89, the notorious building will be listed within the next month, celebrity website TMZ reported.
Playboy Enterprises is seeking upwards of $200 million, but TMZ, citing real-estate sources in the area of Holmby Hills -- close to Beverly Hills -- said the mansion is more likely to go for between $80 million and $90 million.
Prospective buyers can tour the sprawling property, but one area is off-limits -- Hefner's bedroom, TMZ said.
It also said that any sale comes with a major catch -- whoever buys it must give Hefner a life estate, meaning he can continue to live in the mansion until he dies.
Forbes magazine describes the mansion as "Gothic/Tudor" and says its amenities include three zoo and aviary buildings, a pet cemetery, a tennis court, waterfall, pool and basketball court.
Numerous visitors to the house have described it as being in a state of disrepair.
Playboy Enterprises did not immediately comment when contacted by AFP.
AFP