Candy Spelling sells mansion

Author: 
REUTERS
Publication Date: 
Sat, 2011-07-16 02:14

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.

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