One of the priciest homes for sale in the U.S. is selling with a $40 million discount. British heiress Petra Ecclestone is now asking $160 million for her mammoth 56,500-square-foot Los Angeles mansion, which hit the market again on May 1 after a brief hiatus. Ms. Ecclestone, the daughter of Formula One billionaire Bernie Ecclestone, first started shopping the home around in 2016 and originally listed it for $200 million.
The French chateau-style mansion is slightly larger than the White House, making it one of the largest private estates in Greater Los Angeles. It’s known as the Spelling Manor for its original owners, the late TV producer Aaron Spelling—behind “Charlie’s Angels” and “Beverly Hills, 90210”—daughter Tori and his wife, Candy.
The 4.7-acre property spans suitably lavish amenities, including sculptural gardens, a tennis court, and a “resort-caliber” pool and spa, according to the listing.
Inside, the mansion itself includes 14 bedrooms and 27 bathrooms, in addition to an oversized home theater, a bowling alley and an indoor spa.
The home opens from its dramatic circular motor court into a foyer with 30-foot ceilings and a sweeping double staircase. The entrance leads on to similarly grand living and dining rooms, each lined in glass French doors to the home’s park-line grounds.
The famed Manor is surrounded by many other elite properties, including the Playboy Mansion and the Gregory Peck Estate, It has hosted countless events with Hollywood’s elite and has received such noteworthy guests as Prince Rainier, Jackie Kennedy as well as Prince Charles and Princess Diana.
But it’s not the first time the singular estate has struggled to find a buyer. Ms. Ecclestone bought the home in 2011 for $85 million, according to property records, after the home had listed for nearly two years for $150 million, according to property records.
By John Cicioni