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Real Estate: Hugh Hefner Downsizes

Mar. 16 2009, Updated 5:18 a.m. ET

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While the Playboy Mansion is still off the market, Hugh Hefner is trimming his real estate holdings a bit.

A Playboy representative confirms to RadarOnline.com that Hefner is selling the house adjacent to the notorious mansion. He had bought that house for his ex-wife (and 1989 Playmate of the Year) Kimberly Conrad to live in with their two sons Marston, 18, and Cooper, 17. 

"They're selling because the kids are grown and off to school." the rep tells RadarOnline.com. "Marston is already in college and Cooper will be going soon."

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While right next door, Hefner's ex-wife and sons were often regular visitors to the mansion- Tuesday night was designated for family

activities. Conrad has said that the Playboy Mansion is so large, she rarely runs into the bevy of beauties that define the historic

structure.

"I don't care about them," Conrad said. "They actually try to avoid me."

(Photo credit:  Wenn)

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