Nick Candy Searching Again for Buyer for Holmby Hills Home

British developer Nick Candy is once again searching for a buyer for his Los Angeles mansion.

On Monday, a real estate mogul and honorary treasurer of the right-wing political party Reform UK, re-listed his Holmby Hills estate for $58 million, Mansion Global reported. That figure is $1.5 million less than the asking price when Candy took it off the market last November.

Candy has been looking to offload the property since July 2022 when he listed it for $85 million. The latest list price marks a 32 percent drop from that ask nearly four years ago. He purchased the property from his brother Christian Candy in 2018 for $28.5 million. Christian Candy, a fellow developer, acquired the estate in 2013 for $24 million.

The duo worked together at their own firm, Candy & Candy, before they went on to form their own separate businesses. The brothers are two of the wealthiest property developers in the U.K., according to Mansion Global. In 2015, Nick Candy formed the Candy Ventures venture capital fund, as well as Candy Capital, which manages his businesses and companies.

Nick Candy’s 1.9-acre Holmby Hills estate boasts an 11,000-square-foot main house as well as a 10,000-square-foot, three-story guest house, according to Mansion Global. The modernist main house was built in 1960 and Candy added the guest house during his ownership. The accompanying structure was designed with a facade that mimics the style and dimensions of the main home.

Both the main house and the guest house each have five bedroom suites. The property in total has 20 bathrooms. Amenities in the main house include a formal lounge with a bar and a French Regency-style theater. Children will have access to a playroom complete with two slides and a ball pit. The guest house has its own gym and spa. The yard outside has touches like a 50-foot swimming pool, a fire pit and a tennis court.— Chris Malone Méndez