Petra Ecclestone chops another $15M off Spelling Manor

The mansion is now listed at $160M

Apr.April 07, 2019 09:42 AM
Petra Ecclestone and Spelling Manor (Credit: Getty,

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

Related Articles

Kunal Nayyar and the home (Credit: Getty Images and Comapss)

“Big Bang Theory” star Kunal Nayyar buys Hancock Park home

Four of the top residential listings in LA this week

Here are the priciest resi listings in LA County last week

Larry King and Shawn Southwick

Larry King is saying “so long” to Beverly Hills Flats mansion

Sheldon Adelson and his new property flanked by two of his other homes (Credit: Getty Images)

Sheldon Adelson is betting big on the Malibu housing market

Joel Silver and the dining room in the Brentwood home (Credit: Getty Images)

Producer Joel Silver lists Brentwood estate at blockbuster price

College athletes could soon be allowed to make money on endorsement deals in the state of California (Credit: Getty Images and iStock)

Playing the real estate game: College athlete bill could mint young millionaires and homebuyers

The home on Amalfi Drive, Paul George, and Deandre Jordan (Credit: Getty Images and Realtor)

Paul George dishes $16M for DeAndre Jordan’s former Palisades pad

Candy Spelling and her home on 21500 block of Pacific Coast Highway (Credit: Getty Images, Redfin)

Spelling is a-selling: Candy Spelling lists Malibu estate after former home breaks record