The Los Angeles Times reports that Spelling, the widow of TV producer Aaron Spelling and mother of actress Tori Spelling, has sold the 4.7-acre estate to 22-year-old, British racing Formula 1 racing heiress Petra Ecclestone, after it sat on the market for a little over two years. And it appears that Spelling is among the victims of the current depressed housing market; while Candy had been asking $150 million for the home, which was built in 1991, Ecclestone picked it up for a mere $85 million cash - just over half of what Spelling had been seeking.

Still a princely sum, but Ecclestone - who's marrying entrepreneur James Stunt next month and plans to use Candyland as a part-time residence - is getting a lot for her (or rather, her father's) money: The mansion has an estimated 123 rooms, including 14 bedrooms, several gift-wrapping rooms, and an on-site beauty salon. Oh, and there's also a bowling alley, a 17,000-square-foot attic, and a flower-cutting room.