Petra Ecclestone chops another $15M off Spelling Manor

The mansion is now listed at $160M
April 07, 2019 09:42AM

Petra Ecclestone and Spelling Manor (Credit: Getty, Realtor.com)

Looks like no one is racing to buy the home of Formula One heiress, Petra Ecclestone.

The daughter of billionaire Bernie Ecclestone has re-listed her 56,500-square-foot mansion, known as Spelling Manor, for $160 million, Forbes reported.

She originally listed the home in 2016 for $200 million, and later dropped its ask to $175 million last summer.

Built by the late television producer Aaron Spelling, the French chateau-style compound in Holmby Hills has seven bedrooms, a two-lane bowling alley, tanning rooms, two-level closet and 123 rooms in total.

Ecclestone purchased the property from Candy Spelling, Spelling’s widow, in 2011 for $85 million, property records show. She then hired some 500 workers to renovate the iconic property.

Jade Mills of Coldwell Banker Global Luxury, Kurt Rappaport of Westside Estate Agency and the Agency’s David Parnes and James Harris now have the listing.

The discounted home is one of many luxury properties lingering on the market. Last year, developer Bruce Makowsky dropped the price on his “Billionaire” pad from $250 million to $188 million. [Forbes] – Natalie Hoberman