The Playboy Mansion Is on the Market!: 12 Bedrooms, 21 Bathrooms and All That History

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The Playboy Mansion is up for sale with one catch -- Hugh Hefner stays! See what $200 million gets you -- and your new roommate, Hef.

The five-acre estate in Los Angeles' Holmby Hills holds 12 bedrooms, 21 bathrooms, a home theater, a gym, a tennis court and the infamous Grotto. Today, the property is a far cry from what it was when Hefner built the home in 1971 for just over $1 million.

WATCH: 'Playboy' Magazine to Stop Publishing Nude Photos

"It's one of the most expensive properties to be sold in L.A.," real estate agent and CEO of The Agency, Mauricio Umansky told ET. "What you get is privacy, the five acres and history."

Some of Hollywood's most legendary parties have been held at Hefner's house, including some of the 89-year-old media mogul's birthday parties.

"I think I plan on continuing this for a while," Hefner told ET in 2006 at his 80th birthday bash.

The Playboy patriarch could continue to have his legendary soirees at the address, as he intends to stay no matter what.

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"It's Hef's home," Umansky told ET. "We certainly don't want to kick him out."

In recent years, parties held at the Playboy Mansion are said to have been more tame than in its heyday, and the magazine might become more innocuous as well -- the publication announced in October that it will stop featuring nude photos. Playboy Enterprises CEO Scott Flanders explained the move.

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"The political and sexual climate of 1953, the year Hugh Hefner introduced Playboy to the world, bears almost no resemblance to today," Flanders said. "We are more free to express ourselves politically, sexually and culturally, and that's in large part thanks to Hef's heroic mission to expand those freedoms. We will stay true to those core values with this new vision of Playboy's future. Once our readers see all of the innovative changes we're making to the magazine, we're confident they will love the end product when it debuts next year."

The new Playboy will debut in March.