22 year-old Formula One heiress pays $85 million for Candy Spelling’s mansion

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Candy Spelling has sold the insanely large 73,500 square foot mansion left to her by her late husband, television producer Aaron Spelling. (He died in June, 2006 at the age of 83, leaving less than a million to his daughter Tori and forcing us to endure years of biographies, sponsored children’s birthday parties, home shopping jewelry lines and reality shows as Tori strives to maintain the lifestyle she’s accustomed to.) The Spelling home was built on the site of Bing Crosby’s former residence, which was demolished in the late 80s to make room for the monstrous 123-room dwelling they called “The Manor.” It’s the biggest home in LA county.

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Candy has been trying to offload that house for years, and it includes a bowling alley, barber shop, “china room,” flower cutting room, three gift wrapping rooms and an entry inspired by the Tara mansion in Gone With the Wind. She was originally asking $150 million for it, but has reportedly sold it for a little over half the asking price, $85 million, to a 22 year-old British heiress named Petra Ecclestone. Petra is a “fashion designer” and her dad is Bernie Ecclestone, the CEO of Formula One Management. TMZ reports that he has a net worth of $4 billion. Candy will move to two units in a “condo complex” that cost $35 million and are currently undergoing renovation.

Candy Spelling’s massive 57,000 square-foot home has finally sold — for an undisclosed price — to Formula One heiress Petra Ecclestone. The home had been shown since 2008 and officially on the market since 2009, reports the Wall Street Journal.

The home was first listed at $150 million, and while we’re not sure of the final sale price, Realtor.com points out that “listing agents Rick Hilton and Jeff Hyland of Hilton & Hyland and Sally Forster Jones of Coldwell Banker stand to possibly make a combined $9 million in commissions” if it’s anywhere near the original asking price.

Candy’s mansion sits on five acres in the exclusive Holmby Hills neighborhood and contains fourteen bedrooms and twenty-seven bathrooms. It contains special rooms dedicated to activities like wrapping presents and storing silverware, in addition to the usual luxe amenities: wine cellar, bowling alley, screening room, library, and gym, according to the Associated Press.

Petra Ecclestone is a 22-year old fashion designer who has been described as “one of the most spoilt girls in Britain,” according to the Daily Mail. Earlier this year, Ecclestone’s father, Formula One CEO Bernie Ecclestone, bought a £56 million home for Petra in London, who claimed it was for her five dogs.

[From The Huffington Post]

Paris Hilton is seething with jealously right now. This Petra girl is engaged, it happened last month and her daddy flew in Rihanna to sing at her engagement party and gave her a custom Bugatti as an engagement present. Her would-be husband is 26 year-old “businessman” Jamie Stunt. I picture her as a blonde Veruca Salt, demanding “I want it now, daddy!” and getting whatever it is until she moves on to the next thing. She’s going to be stuck with this ginormous house for years, but of course she can always tear parts of it down and rebuild.

Here is a video from Candy’s house [via DListed]

Petra, her sister Tamara and their dad, Bernie Ecclestone:
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Petra and her fiance:
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Petra, her sister and her fiance:
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Candy Spelling:
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Photos credit: WENN. House photos credit: realtor.com

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75 Responses to “22 year-old Formula One heiress pays $85 million for Candy Spelling’s mansion”

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  1. gloaming says:

    As long as his daughters don’t have control of F1 when Bernie pops his cloggs I can tolerate their excesses.
    Even better, Keep both of his daughters as far away from the UK as possible.

  2. David says:

    Man she has some big teeth.

  3. momoftwo says:

    Oh my…I grew up watching Lifestyles of the Rich and Famous (with Robyn Leach – remember that?) and dreaming of how amazing it would be to live in such luxury.

    But with all the info we have about the actual lives of the “Rich and Famous” and a few seasons of “Real Housewives”, I’m CURED.

    I love my modest life and shopping at Target for a splurge 🙂

  4. fabgrrl says:

    Why do all these incredibly wealthy women look SO CHEAP?!?! If I had millions, or billions, I would hire a team of stylists, makeup artists and hair dressers, who have actual skills.

  5. Dagny says:

    The pictures are seriously cracking me up…the two daughters and Candy have the same kind of lips. Petra has a resemblance to Katie Price, although it may not be true if you wash the massive amounts of makeup off both faces.

    Hopefully the house will keep her entertained for a while and she enjoys living in LA. The realtors are the only ones winning here. 🙂

  6. DanDan says:

    Why would you wanna live in a place like that? It looks so cold and unfriendly, and not homey at all. Yuck 🙁

  7. Blue says:

    Some people just have too much money. A 56 mil home for your dogs!? But seriously I don’t get how you could live in a house that big. You could go weeks without seeing the other residents if you wanted to. I swear these rich people think that since they have the money they need to be so over the top and tacky. I guess it’s a prerequiste. I dunno i’ll stick to Walmart & Target when it finally comes here to Canada.

  8. JOSSY says:

    My kids would love that, they could roller skate and ride their bikes inside. But how hard would it be to live somewhere like that? Not because of the cleaning, the fact that you never sit on anything, or just slob out. No they must live in a shed round the back.

  9. Sakyiwaa says:

    wow, she’s loaded…!

  10. Micki says:

    I guess the future houseguests will get a map and a compass at the front door + packet lunch if they can’t find the dining room by night.

  11. Dangerfox says:

    Nice to know that having millions (billions) of dollars still can’t make you look better than a hunchback, horse faced troll.

  12. Blue says:

    Lol @ Micki

  13. Bellatrix says:

    Don’t get me started on Greedy Bernie… Ugh, keep the girls away from F1, please. It’s bad enough as it is at the moment although we just avoided the scandal of Bahrein.

  14. clare says:

    I thought it was a glamourized Kendra Wilkinson at first glance!
    I see the future: when little Petra gets bored with her “luxe” living in LA, she’ll be offered her own reality show -Keeping Up with the F1 Girl.
    Or, she can turn the whole mess into a dog hotel!

  15. Maritza says:

    That place could be easily turned into a hotel. The flower room can be a gift shop. It already has entertainment with the movie room and the bowling alley. The mansion is beautiful.

  16. Jen34 says:

    All that money and she looks like she works at the makeup counter at Macy’s.

  17. uknowuloveme says:

    all that money yet she still looks like a weasel..she could buy prince harry if she wanted..her dad looks like a turtle..

  18. fannomore says:

    just disgusting, so many people in need of a home when she probably will hardly ever live there

  19. Crash2GO2 says:

    Oh my eyes.

  20. teehee says:

    Loife stoiyles of tha reech and faymoss!! IM Robin Leech, Im yelling, and I dont know why!
    Yes I remember that show… and yes I get a bigger thrill for making a great wardrobe out of clearance, sale, and discount items- that means more to me than any unnecessarily expensive item

  21. Mari says:

    She looks 40 trying to pass herself off as 22. All that plastic surgery is the trademark of a very insecure girl. I would pity her if she wasn’t so damn rich.

  22. tango says:

    Only 22 years old? She looks 40!

  23. almond says:

    Apparently, not even obscene amounts of money can buy good taste. She looks tacky and budget from head to toe. Instead of buying that monstrosity, why couldn’t she build a hospital or a shelter for the homeless? She could have done so much with just a fraction of that money. Not to mention, that “manor” would have made a nice hotel. I can’t imagine anyone calling it “home, sweet home.”

    And I thought my seaside vacation was an indulgence. I need to reevaluate the meaning of the word “splurge.”

  24. Oi says:

    What do u do with all that space? Im serious. You need a map to your own home. That to me isn’t luxury, that’s excess. It looks good (whereas I agree with everyone else on her looks and style) but still.

    @jen34:I’ve worked at macy’s and our ladies looked waay better

  25. azurea says:

    Petra & her fiance look like porn stars.

  26. John Wayne Lives says:

    @ momoftwo, that’s what I’m saying! I’m okay being one of the little people. At least my Husband is sexy! Her man looks like a bloated cousin of Brandon Davis.

    @Dangerfox, that made me lol. Thanks 🙂

    and she’s 22?! for reals? damn.
    cosign the Katie Price lookalike comments.

  27. MarenGermany says:

    This place is beautiful but way too big. Especially for a 22(!) year old.
    This is not a spoiled girl, this screams vapid, empty and fed up with life. Otherwise I cant explain how you can buy (get bought by your daddy) not one but TWO house close to 140 million in less than a year.

    I personally would like to have more money but if THIS is what makes this girl happy I sure dont envy her.
    How can you top that, where are you going in life, if you have so much so early? What are you looking forward to?
    The answer with all those rich kids is: their first line of coke at the age of 12…

  28. Julie says:

    In the pic with her daddy, she looked like that porn star hanging out with Charlie….I think. Bree or something.

  29. Celebs.com says:

    Just because you can afford the world’s hugest veneers doesn’t mean you should actually buy them, lady.

  30. Stephie says:

    I agree with #4… for being so rich they (daughters) sure look cheap. The luck of the birth right. Tsk.

  31. mary jones says:

    Wow all that money and she couldn’t get some surgery for her ugly face. She looks at least 45 not 22.

  32. jennifer says:

    She looks quite a bit older than 22. Just sayin…

  33. Alice says:

    Glad I’m not the only one who thinks she’s a really rough looking 22.

  34. silken_floss says:

    Too much money and no class *smh*

  35. Shay says:

    It’s like what Marlon Brando once said, the more money a person has, the more complications they have, that the headaches are proportional to the money.

    That house is hideous. I’m tired just looking at that grand staircase. Who’d need a gym?

  36. Ashley says:

    For someone who has 4 billion dollars buying 2 houses (for his daughter) for $150,000 is like if someone who has 400 thousand buys two houses for 15 thousand dollars.
    It is not really that much money.
    Why everyone assumes because this girl is loaded her life is dull and is not going to enjoy living in this house and is lost and will live a cold and boring life in this house…common guys,, I would love to live there,, even sleep there one night.
    Skinny dipping in that pool ,,,must be sooooooooooo gooooodddd.
    Oh, I just watched the video, I am going to call my modest home “The Manor” from now on,,,By the way Candy, my birthday is coming up can you wrap my gift with that pick wrapping paper that is in the third wrapping room??
    thanks,

  37. bluhare says:

    Wonder if she bought the house hoping William and Kate will come hang out when they’re in CA next month!

  38. Nia says:

    I was thinking exactly what fabgrrrl stated. You would think they would dress more tasteful.

  39. garvels says:

    These girls and their father are nothing but Euro-Trash. Wow-daddy made lots of money racing stupid cars.

  40. TG says:

    Can I add why do all these young 20 year-olds look like they are 40 or even 50? That house is so tacky.

  41. guilty pleasures says:

    Well, when I buy my manor I know who I am NOT going to hire to clean it!! (I am looking at you Mildred!)
    PS, I love my current manor, and everyone knows, we all live in the kitchen/family room of our homes!! The other 56,000 sq feet are wasted!!

  42. the original bellaluna says:

    Wow. Those sisters are frightening in the face, aren’t they?

    And it is just so comforting to know that in this economy, when so many are just trying to keep a roof over their families’ heads, there’s still a market for such gross excess.

  43. lin234 says:

    Someone filthy rich was bound to buy that house and at least they had enough sense to “bargain” down Candy’s asking price.

    I watched the video and that girl is going to be renovating the hell out of that place unless she likes the 1980’s decor in some of the rooms. (Especially the Prince Charles room.)Which can be a good thing if you think about the amount of taxes and workers she’ll be hiring in Cali.

    When I look at the size of that house, I wonder what the air conditioning bill is like during the hot summers and maintenance. Not that she’ll have to worry.

    I find people like the Kardashians more worthy of hate than someone who isn’t all over the media tweeting every time she has to twinkle and getting paid for it.

    On the other hand, I find Candy’s next housing situation to be a bit weird. 2 units of condos? 35 mill? Why not buy another mansion in BH? Lisa on the real housewives of BH is selling her mansion for that price and initial listings are usually inflated in this economy.

    That girl better get an iron clad pre-nup. Lord knows her dad didn’t get one with their model mom.

  44. pixiegirl says:

    Giuliana Rancic + Kendra Wilkenson + 15 years = this Petra bitch.

  45. Whatever! says:

    Selfish, Spoiled, Rotten Thing. If every self entitled rich kid/celebrity would donate 5% or less of there income to feeding the homeless and the children of our nation we could eliminate hunger and homelessness. But no all they want are 2 million dollar engagement rings and ridiculously opulent houses that they could never dream of fully utilizing. I’m so ashamed of us as a people. We are a terribly ugly species. Train wrecks like this are just one example.

  46. OtherChris says:

    So that’s what 22 looks like these days?

  47. Denver Danni says:

    The opulence of this home blows – my – mind. In fact, I think I’m slower having looked through these pics.

  48. Turtle Dove says:

    I wonder how many 10s of millions will be spent renovating and redecorating because that place is 1980s tragic? Money definitely does not = taste.

  49. samab says:

    money cannot buy class and taste.

  50. Dorothy says:

    That house is HUGE! Too much to clean and maintain for me, give me a 1/3 of it, in a different decent zip code and I’ll take it [if I had extra fund$ available]

    Now that Mrs. Spelling is downscaling, what is that in her world about 1/2 of the 57,000 sq ft?

    Petra’s dad bought her a home for her dogs? Dag, why can’t I be their guardian? 🙁

  51. Madisyn says:

    @ Shay, that was my first thought as well, who the hell needs a gym. You would have the stairs for “stepping”. Just “walking” the house would be more than enough exercise, forget “running” the grounds around the property. That would take me a week and 25 lbs off. I will not mention “cleaning” as Petra does not no the meaning of the word.

    I thought the fiancee looked like a budget verious of Maksim from Dancing with the Stars.

    In Kaiser’s version the house is 73,500 sq. ft. In the WSJ version, its 57,000, so which is it? Not that it matters, just pointing out the little discrepancy.

  52. misspdx says:

    Ok yes, the house is HUGE and YES I agree the girl could do with washing off some of that makeup but why all the hateful comments? Is there something about her that I don’t know? I keep reading spoiled, selfish and bitch..?? Did she do something ( seriously ) to deserve that?
    I agree with another commenter that said that at least she isn’t like Paris and media-whoring herself out and tweeting every dang thing..does anyone know if she donates to charity or does anything positive involving social change? If you don’t its a little too early to be calling her a selfish bitch.
    Just sayin’..before yesterday I had never heard of her and I read quite a bit…

  53. wunderkindt says:

    A great ‘starter home’ for a 22 yr old!

  54. Dingles says:

    Chopped up and tanned within an inch of her life. While I’d love to have a fraction of her daddy’s money I can’t envy her. If someone needs something that over-the-top to bring them some happiness then I’d say they have a rather sad life.

  55. TeeTee says:

    she looks sickly to me, like she’ll break in two pieces..

    reminds me of Donetella’s daughter

  56. gg says:

    Yipes, what a slapper. She’s going to hate it shortly, unless she turns it into a resort. Way too big.

    Her boyfriend looks like he’s on his way to GTL. Put him on Jersey Shore.

  57. HotLatino says:

    Oh man I envy that luxurious lifestyle so much, I’m going to marry a billionaire haha or at least a millionaire, I’m not poor or anything LMAO but WHOA at having an 85 million dollars mansion!!

  58. Celebitchy says:

    @Madisyn that’s why I included the link out to the People slideshow – that’s where the home is listed as 73.5k square feet, which is different from the quoted text.

  59. futureperfect says:

    House for a 22-year-old Formula One heiress: $85 million.

    Teeth so big and bright they throw the earth off its orbit of the sun: priceless.

  60. Shoe_Lover says:

    Does it bum anyone else out that the Spellings bulldozed Bing Crosby’s home? I mean- Bing Crosby for crimonys sake. Do they have no sense of history!!

  61. Melinda says:

    @Jen34- That’s EXACTLY what she looks like! You totally nailed it.

  62. sirsly says:

    That place is FUG. Definition of kitschy.

  63. marisa says:

    petra needs to file her teeth down, God knows she has the cash for it. Her fiance looks like a scuzzy troll.

  64. Bellabumbum says:

    I usually read before I post, but I have to write the first thing that popped in my head…the Countess from RHNYC sang poorly, and aptly, “Money can’t buy you class!”

    I have a feeling the saying that you have bigger problems with more money might be true in this case.

  65. Bellabumbum says:

    I bet the Church of Scientology is going to be knocking on her door, “Welcome to the neighborhood!”

  66. kasper says:

    With all that money, can’t she do something about her face? Bitch looks like a microwaved lizard.

  67. Nan says:

    A group of investors should have come together and bought this property and renovated it and donated it to a local hospital…like Children’s HOspital LA or Ceadar Sinai, etc.

    I can’t believe that land was once trees and just green.

    The Spellings and that 80s decor and the excess was just exceedingly TACKY.

    and LOL @ #65’s comments.

  68. Anne de Vries says:

    I’m just baffled that some people can be so.. I don’t know. Oblivious? Uninterested? in how a goodly part of the world’s population is struggling. Sure, if you’re rich you get to enjoy your money, but this is such extreme excess – three giftwrapping rooms? WTF?

    If she’s a clever business woman – or has good advisors – she’ll turn the monstrosity into something like 10 luxury appartments and sell them.

  69. Steffie says:

    one better than paris hilton!

  70. Violet says:

    I hate to be shallow, but her fiance is rather homely. Surely, she could find a better-looking accessory to go with her new digs!

  71. Ashley says:

    Oh please let her move to BH and usurp Paris and Kim.

    I agree that someone with that much money can only be spoiled but from the articles in the DM she’s not that bad of a person so I’ll reserve judgment. I just hope she moves to BH and becomes the new it girl because I’m tired of spoiled nothings like the Kardashians and Hiltons getting rich for being assh-les.

  72. Ilovemee says:

    The people on this site sound Soooo jealous! And for the bitch who said, “who would want to live in that big ol’ mansion anyway, it’s just not homey enough for me!?” ahahahahahahahah

  73. raincoaster says:

    That is a whole lotta surgery gone VERY wrong on that girl. And yes, I’m referring to the young one.

  74. Denise says:

    Has this girl done something to offend everyone. She is extremely rich, but why do we feel the need to attact her. Come on I make very little money, but these comments are mean and unnecessary.

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