For anyone looking to own a piece of Hollywood history, the former estate of the late Aaron Spelling – which was fondly called ‘The Manor’ – is back on the market again, and this time it’s looking for a buyer to spend $165 million.
The luxurious mansion boasts more than 56,000 square feet on 4.7 actress and comes with 123 rooms including 14 bedrooms and 27 bathrooms. The home is currently being represented by Jeff Hyland and Drew Fenton of Hilton & Hyland and describe the property as “one of the finest estates in the World” in its listing.
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According to PEOPLE Magazine, Aaron had the mansion built for his family beginning in 1988. Aaron and Candy Spelling raised their two children, which includes 90210 star Tori Spelling.
Although Aaron died of a stroke at the age of 83 in 2006, his widow continued to live in the property for another 5 years before selling it in 2011 Petra Ecclestone, who’s an heir to the Bernie Ecclestone and Formula One fortune, for $85 million in an impressive all-cash deal.
When the Spellings lived in the mansion, they gave each room a unique theme, including one dedicate to gift wrapping, another for trimming flowers, and one for Candy’s doll collection. At the time, its other features included a pool room, beauty salon, movie theatre, and bowling alley. Candy even designed the 40-foot high foyer after the plantation feature in Gone with the Wind.
“I spent four years, 24-7, planning this house,” Candy told PEOPLE of her decision to sell the iconic estate. “Now I need something smaller – just for me. I’m going to have to give up some things, but it’s time for a change.”
After Petra took over, she reportedly put $20 million in to renovate the property. She listed the home only a few years later in 2016 and was seeking $200 million.
As per Forbes, Petra reduced the asking price multiple times before a sale was closed in 2019 for $119.7 million. The outlet referred to this as the most expensive home to have sold in California, with the previous record being a $117.5 million in the Bay Area’s Woodside Neighbourhood.
It’s unclear if the last owners made any major changes to the property, but given how much the asking price is in comparison to what they paid, it may indicate that they put some serious cash into the property. It remains to be seen whether the $165 million asking price will be reduced if no buyers bite.
Sources: Hilton & Hyland, PEOPLE, Forbes,
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