Spelling Manor, one of L.A.’s largest mansions, can lay claim to a tie for the market’s priciest deal of the year after selling for $110 million on Thursday, The Real Deal has learned.
The trade, which was recorded in the MLS, puts 594 South Mapleton Drive on par with the May sale of 630 Nimes Road in Bel-Air.
Carolwood Estates CEO Drew Fenton represented the seller, reportedly a Saudi national who has yet to be identified publicly. Meanwhile, Carolwood’s Linda May represented the buyers, revealed to be former Google CEO Eric Schmidt and his wife, Wendy, according to The Wall Street Journal.
Carolwood did not respond to requests for comment on the deal Thursday evening.
The double-ending of Spelling Manor marks another notch in the belt of Beverly Hills-based Carolwood, which was founded in November 2022 by Fenton, Chief Marketing Officer Ed Leyson and Managing Broker Nick Segal.
The brokerage’s name is all over 2025’s priciest deals in Los Angeles County, which takes in the City of Los Angeles and pricey enclaves such as Bel-Air and Brentwood, as well 87 smaller municipalities, a roster that includes high-end fixtures Beverly Hills, Malibu and Santa Monica, among others.
Fenton, along with Westside Estate Agency co-founder Kurt Rappaport, also represented former Crown Resorts chair James Packer’s $110 million purchase of the Nimes Road property. Carolwood was on the sell side of the Nimes Road deal, with Stephen Resnick, Jonathan Nash, David Parnes and James Harris representing a limited liability company tied to L.A. asset management firm European Investment Management Services Inc.
The brokerage was also involved in the $86 million off-market sale of 391 North Carolwood Drive, the previous top sale for this year. That’s in addition to this year’s next priciest trades at 1028 Ridgedale Drive in Beverly Hills for $60 million in April and 942 North Alpine Drive in Beverly Hills for $51.8 million.
Spelling Manor last traded for nearly $120 million in 2019 and hit the market in 2022 for $165 million. It’s gone on and off the market since then, and was most recently listed for $137.5 million.
The French chateau-style megamansion counts 14 beds and 27 baths that borders the Los Angeles County Club. Often referred to as The Manor, the home totals more than 56,000 square feet on 4.7 acres, according to the listing. Among the highlights are a beauty salon, bowling alley, rose gardens and screening room.
Spelling built the sprawling estate in 1990. Formula One heiress Petra Ecclestone then paid $85 million for it in 2011, shelling out a reported $20 million on various upgrades before placing it back on the market in 2018 for $175 million.
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