British Heiress Petra Stunt Lists Spelling Mansion for $200 Million
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.
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.”
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