Candy Spelling mansion sells for 43% below list price
House was on market for several years at $150M
The sale of Candy Spelling’s mansion — on the market for several years at $150 million — closed Thursday for what turned out to be a 43 percent discount.
British heiress Petra Ecclestone reportedly paid $85 million for the 57,000-square-foot mansion, built by Spelling’s famed late husband, TV producer Aaron Spelling.
The Spelling mansion was marketed by a Beverly Hills affiliate of Christie’s International Real Estate, Hilton & Hyland.
Listing broker Jeff Hyland, joking with the Los Angeles Times that the brokerage had no trouble prequalifying buyers, said that if they were not on a Forbes list of the most wealthy, “it was very easy to decline the showing.”
More than a half-dozen homes priced at $20 million or more have already sold in West Los Angeles this year, the Times reported, and price reductions of 40 percent or more are not uncommon.
To the north, Tommy Hilfiger Corp. co-founder Joel Horowitz last month knocked $25 million off the original $100 million asking price for Tranquility, an eight-building, 210-acre estate overlooking Lake Tahoe that’s been on the market since 2006.
The record sale price for a U.S. single-family home remains the $100 million Russian venture capitalist Yuri Milner paid in March for a 25,500-square-foot limestone mansion in Los Altos Hills, Ca.