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Candy Spelling reportedly sells Holmby Hills estate

The widow of legendary TV producer Aaron Spelling put the 4.7-acre residence up for sale more than two years ago at $150 million. Petra Ecclestone, the daughter of British billionaire and Formula One Chief Executive Bernie Ecclestone, is in escrow to buy the property, a report says.

June 14, 2011|By Alejandro Lazo, Los Angeles Times
  • Candy Spelling, the widow of legendary TV producer Aaron Spelling, put the 4.7-acre residence up for sale more than two years ago at $150 million. Petra Ecclestone, the daughter of British billionaire and Formula One Chief Executive Bernie Ecclestone, is in escrow to buy the property, a report says.
Candy Spelling, the widow of legendary TV producer Aaron Spelling, put… (Mark Terrill / Associated…)

Candy Spelling's sprawling estate in Holmby Hills, which has bragging rights as the most expensive residential listing in the U.S., reportedly has been sold to a 22-year-old British heiress.

Spelling, widow of legendary TV producer Aaron Spelling, put the 4.7-acre residence up for sale more than two years ago at $150 million, and she held firm to that price despite one of the worst real estate downturns in generations.

Now, Petra Ecclestone, the daughter of British billionaire and Formula One Chief Executive Bernie Ecclestone, is in escrow to buy the property, according to the Wall Street Journal.

The newspaper did not identify anyone confirming the sale, and did not say how much Ecclestone, a sometime fashion designer, is slated to pay for the property.

Spelling and her representatives either declined comment or did not return calls from The Times.

Known as "The Manor," the home is the largest in Los Angeles County at 56,500 square feet, or slightly larger than the White House.

Spelling, the mother of actress Tori Spelling, once described it to The Times as the "greatest entertainment house ever" with a "kitchen where you can cook for two or 800."

The home was completed in 1991 and was built to the Spellings' specifications. Candy Spelling supervised the construction. The mammoth home boasts a bowling alley, a flower-cutting room, a wine cellar/tasting room, a barbershop and a silver storage room with humidity control, among other spaces.

Outside is a tennis court, a koi pond, gardens, a citrus orchard and a swimming pool with a pool house. The motor court can accommodate 100 vehicles and there are 16 carports. A service wing houses the staff in five maids' bedrooms and two butlers' suites. The house is believed to have more than 100 rooms.

Spelling will be moving into a 16,500-square-foot penthouse condo in Century City. She agreed to pay $47 million for the top two floors of a 41-story building in 2008 but subsequently got a price break, closing the deal last year for $35 million.

Candy Spelling's attorney, Stephen Goldberg, declined to comment through an assistant. Sally Forster Jones of Coldwell Banker's Beverly Hills East office, who represented Spelling, also declined to comment through an assistant. Rick Hilton of the firm Hilton & Hyland, which features the home on its realty website, did not return a phone call seeking comment.

alejandro.lazo@latimes.com

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