LOS ANGELES (LALATE) – Aaron Spelling Mansion (photos below), inherited by Candy Spelling, has been sold to Petra Ecclestone. The Aaron Spelling Mansion listing price was $150 million. The estate sold for $85 million to Ecclestone, daughter of Formula One head Bernie Ecclestone (net worth $4 billion). When listed the Spelling mansion made news as the most expensive residence on the market for $150 million. But at $85 million, this sale did not make celebrity real estate history. The biggest sale this year, rather, was the Yuri Milner (Digital Sky Technologies) purchase of the house owned by Fred Chan (ESS Technology) in March.
After putting her mansion on the market, Spelling made news by buying a two floor condo in Century City recently at $45 million. When built, the Spelling mansion broke records as the largest home in Los Angeles County – a French chateau-style mansion spanning 56,500 square feet of space on a 4.6 acre lot abutting the Los Angeles Country Club.
As news of Spelling sale came in, photographers were chasing daughter Tori Spelling. In an attempt to get away, Spelling said she took down a section of the school’s wall. “[The] paparazzi chased me w/the kids 2school. I was trying to get away from him and had a pretty big accident. Took down whole wall of school.”
But the biggest residential home sale ever was in March this year. Yuri Milner’s price of $100 million made news as the highest amount ever paid for a single family residence in the U.S., claimed news reports in March of this year. The Fred Chan house (photo HERE) is located in Los Altos Hills near Silicon Valley. Chan founded ESS Technology which makes audio and video equipment. Milner’s Digital Sky Technologies is a fund that has multiple Silicon Valley investments including a $200 million purchase of Facebook stocks two years ago.
In comparison, Ron Baron paid $103 million for a residence in East Hampton, N.Y. But the Baron purchase wasn’t for a “home”. It included forty acres of residential vacant land with no single family residence on the property.