Playboy mogul and serial entrepreneur Hugh Hefner lives in one of America’s most famous homes, but he didn’t let that get in the way of buying a new $4.995 million place from Coldwell Banker recently.

According to reports, ‘Hef’ has no plans on moving out of the Playboy Mansion, but purchased the home for his wife Crystal Harris so she would “have a place to call her own.” While not as large and grandiose as their main residence, this 2011 new construction is certainly nothing to sneeze at. It’s nestled in the Hollywood Hills overlooking downtown Los Angeles and is a hop skip and a jump away from the hustle and bustle of the Sunset Strip.

The location of this ultra-modern home is perfect, but the interior is just as fantastic. The home features almost 6,000 square feet and boasts four bedrooms and five bathrooms of minimalist chic construction and design. Crystal also gets a theater room, infinity-edge pool, outdoor entertaining terraces and floor to ceiling sliding glass floors to let in that bright California sunshine in.

Not too shabby for a second home!