International property websites are abuzz with the rumoured sale of LA’s ‘The Manor’ – more recently known as ‘Spelling Mansion’ as it has been home to Candy Spelling, widow of the late TV mogul Aaron Spelling for the past 20 years.
Unashamedly lavish and filled with every bell & whistle imaginable, the grand estate occupies an impressive two hectares of manicured grounds in the exclusive Holmby Hills suburb of Los Angeles, California. It features a total of 14 bedrooms and 27 bathrooms over four levels. Acres of imported marble stretch as far as the eye can see and antique chandeliers dazzle in formal rooms plus there is a motor court that can hold 100 cars.
The property had been languishing on the market for at least three years as Mz Spelling dug in her heels and held on to her initial asking price of $150 million, despite the impact of the GFC and rapidly falling property prices in the US market.
The fortunate buyer, rumoured to be Petra Ecclestone, the 22-year-old heiress of British billionaire and famous Formula One supremo Bernie Ecclestone, lodged an initial offer of $85 million. Californian prestige realtors Hilton & Hyland have presumably been frantically haggling to get that figure closer to the asking price but have not confirmed how close they got – the property is now listed on their website as ‘under contract’.
The mansion was built by the Spellings in 1990 after demolishing the home of late singer Bing Crosby.