Spelling mansion sells for $85-million and that's WITH a discount !!

The late TV producer Aaron Spelling's mansion and 5-acre estate, ranked as America's most expensive home when it went on the market in 2009, has been bought by Petra Ecclestone, a 22-year-old heiress to her billionaire father Bernie Ecclestone's Formula One racing empire.

The 57,000-square-foot French chateau-style house originally was listed at an asking price of $150 million, but was reported to have been sold for the knock-down price of $85-million.

The Manor is a 57,000 square-foot castle of a home containing somewhere in the neighborhood of 123 rooms, 27 bathrooms, a beauty salon, “gift-wrapping” rooms, and even a bowling alley. The garage – bigger than most normal homes – has room for 100 vehicles. The double staircase in the entryway of the home was inspired by the movie Gone With the Wind. Throw in a professionally-manicured monster of a back yard and you have an extremely lavish and luxurious place to hang your hat.

Another major plus is the location. In real estate, location is everything. In the posh, upscale neighborhood of Holmby Hills, this location is as prime as it gets. Holmby Hills is bordered by ritzy Beverly Hills and Westwood and is among the most desired private real estate in the world. Even in Los Angeles – a city built on exclusive, highly-prized living arrangements – Holmby Hills is a cut above.

And of course, the glamour and fame of the mansion cannot be understated. The Manor is, after all, the Spelling mansion, the glorious estate of the late Aaron Spelling, creator of “Beverly Hills 90210”, “Melrose Place”, “7th Heaven”, and other notable television series and big picture works. He and his wife Candy were known for their high-profile lifestyle and extravagant abode, and for years, their home was considered the centre of Los Angeles royalty.

Source: John E. Miller, Foreclosure Deals

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