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The largest private residence in Los Angeles just became the most expensive home in America – BUSINESS INSIDER

At Oct 06, 2016

The largest private residence in Los Angeles just became the most expensive home in America

Hilton & Hyland“The Manor” from above. Hilton & Hyland

A mansion known only as “the Manor” has just become America’s most expensive home, boasting a $200 million price tag.

Built in 1991 on five acres of land in the Holmby Hills section of Los Angeles, the house is a staggering 56,500 square feet and has 123 rooms, including seven bedrooms and a service wing. The listing refers to it as the largest residence in Los Angeles.

To get a handle on just how big that square footage number is, a new home completed in America is 2,392 square feet on average, according to the 2010 Census.

The home is also equipped with a swimming pool, formal garden, and 100-car parking lot,according to The Wall Street Journal. The grand entrance has a circular driveway with a fountain in the middle and, inside, 30-foot ceilings.

There’s a bowling alley, a wine cellar and tasting room, and a full beauty salon complete with tanning and massage rooms. The kitchen count hovers around five. A 7,000-square-foot master suite comes with its own kitchen and living room and “a two-level closet connected by a pair of staircases,” according to The Journal. There’s also a gift-wrapping room that the media has often poked fun at.

The mansion has a long pedigree, as it was previously owned by Candy Spelling, the widow of producer Aaron Spelling. Spelling listed the property for $150 million in 2008.

It was eventually sold to Petra Stunt, the daughter of Formula One racing billionaire Bernie Ecclestone, for $85 million in 2011. Stunt tried to offload the property for $150 million in 2014, but a report says she declined a matching figure in 2015.

It’s now back to a price that blows all of the previous high numbers out of the water. The $200 million listing price makes it the most expensive home in America, replacing the Playboy Mansion, which ended up selling for $100 million after being listed for double that. Two homes — one in Florida, the other in California — are currently listed for $195 million, falling second to Stunt’s Holmby Hills home.

Rick Hilton and David Kramer of Hilton & Hyland have the listing.

The ManorFlickr/Atwater Village Newbie

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Rick Hilton and David Kramer List The Manor; Legendary Holmby Hills Estate

At Oct 05, 2016

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British Heiress Petra Stunt Lists Spelling Mansion for $200 Million — WSJ

At Oct 04, 2016

The daughter of Formula One racing boss Bernie Ecclestone purchased ‘the Manor’ from Candy Spelling, widow of late television producer Aaron Spelling

British heiress Petra Stunt bought the Spelling Mansion from Candy Spelling, widow of late television producer Aaron Spelling.
British heiress Petra Stunt bought the Spelling Mansion from Candy Spelling, widow of late television producer Aaron Spelling. PHOTO:RANDOLPH HARRISON

After conducting a major renovation, British heiress Petra Stunt is relisting the Spelling Mansion—the massive Los Angeles home built by late television producer Aaron Spelling—for $200 million.

The Holmby Hills home is roughly 56,500 square feet, making it one of the largest private homes in Los Angeles, said Rick Hilton of Hilton & Hyland, who is listing the home with colleague David Kramer.

Petra Stunt.
Petra Stunt. PHOTO: DAVE BENETT/GETTY IMAGES

On roughly 5 acres, the home has seven bedrooms plus a service wing, Mr. Hilton said. The home’s entry has 30-foot-high-ceilings and a double staircase. There is a two-lane bowling alley, a wine cellar and tasting room, catering kitchen, gym and a beauty salon with massage and tanning rooms. The roughly 7,000-square-foot master suite has its own kitchen, living room and a two-level closet connected by a pair of staircases.

Outside there is a swimming pool, tennis court, formal gardens and a circular motor court with a fountain and space to park 100 cars, Mr. Hilton said.

Mr. Spelling and his wife Candy built the French chateau-style home around 1990. After her husband’s death, Ms. Spelling listed the house for $150 million, and it was on the market for about two years before it was purchased in 2011 for $85 million by Ms. Stunt, the daughter of the British billionaire and Formula One racing boss Bernie Ecclestone.Ms. Stunt embarked on an extensive renovation, employing about 500 workers. “She didn’t spare any expensive in the renovation,” Mr. Hilton said, although he declined to specify how much the project cost.

Mr. Hilton said Ms. Stunt and her husband, entrepreneur James Stunt, are selling because their children are in school in London and they aren’t spending much time in Los Angeles. She bought a home in London’s Chelsea neighborhood in 2010 for about $90 million. The Stunts could not be reached for comment.

After a spate of big-ticket sales in the past few months, Los Angeles has seen a number of high-end properties go on the market. A Beverly Hills estate once owned by William Randolph Hearst listed in September for $195 million—up 18% from its last formal listing price of $165 million in 2007.

Mr. Hilton said the Stunt home’s value comes from the fact that it is “in the best location and in move-in condition.” By contrast, he said the Playboy Mansion, which recently sold for $100 million, “needs everything.”

Write to Candace Taylor at Candace.Taylor@wsj.com

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