Petra Ecclestone, the well-housed daughter of Formula One billionaire Bernie Ecclestone, is quietly looking to sell Spelling Manor for $150 million, a knowledgeable source tells Forbes.
In 2011 the heiress, then 23, bought the home for $85 million from Candy Spelling, widow of 90210 and Charlie's Angels producer Aaron Spelling, and set to work re-doing it, reportedly hiring some 500 workers for the makeover. Our source confirms she is looking to gross $65 million for her handiwork, on a home she has owned for three years.
Ecclestone and her entrepreneur husband James Stunt hired interior designer Gavin Brodin for the re-do, which totaled a reported $20 million. The heiress' personal touches reportedly include a Marc Quinn sculpture of twin, bikini-clad Pamela Andersons. Brodin is now quietly showing the place to agents, sources say.
The 56,500-square foot Spelling Manor sits on about 4.7 acres in Holmby Hills, a fancy neighborhood in Los Angeles, Calif. Together with neighboring Beverly Hills and Bel Air, it forms what is known as the area's Platinum Triangle. At the time that Ecclestone purchased it, the home boasted 14 bedrooms, including one dubbed the "Prince Charles Suite" after a visit from his Royal Highness The Prince of Wales. The master bedroom suite included a "grand entrance," a sitting room, an office, a kitchenette, and his and her baths.
It is believed to be the most expensive off-market listing in California--and quite possibly in the nation. If Ecclestone gets her ask price, she'd also set a new record for the most expensive home ever sold in the United States, after a Hamptons estate traded hands for $147 million earlier this year.
To put that $150 million price tag into perspective, earlier this year the 50,000-square-foot estate known as Fleur de Lys, a 12-bedroom, 15-bath home on a similar-sized property (4.6 acres), sold for $88.3 million--and it included a ballroom with space for 300 guests. (Previous reports that the residence had sold for $102 million were incorrect, our sources confirm.) So if Ecclestone gets her price, she'd be far above the recent price for a comparable property. Notable: Candy Spelling had tried to get $150 million for the Spelling Estate before Ecclestone finally took it of Spelling's hands for $65 million less.
Ecclestone's father, Bernie, is facing a trial in Europe over charges of bribery.
