Billionaire Heiress Petra Ecclestone Re-Lists L.A. Palace for $175M—Down From $200M

Billionaire Heiress Petra Ecclestone Re-Lists L.A. Palace for $175M—Down From $200M

Published: June 12, 2018 | By: American Luxury Staff

‘Cost? No man can say.’ But a woman can. Billionaire and Formula One heiress Petra Ecclestone Stunt has revised the price of Citizen Spelling’s ‘The Manor’ to $175 million. The current ask represents a $25 million reduction from Ecclestone’s asking price for the property when she initially listed it a little over a year and a half ago.

Ecclestone picked up the property in 2011, paying $85 million. But she did begin her tenure as owner with a full renovation of the 1990-built home.

Which was quite a project, considering the house contains 120-odd rooms. Spelling had designed the home with a suite of dedicated rooms to fit the tastes and needs of his family, including a full floor of one wing devoted to walk-in closet space, as well as a barbershop, and rooms set aside specifically to give individual family members privacy while wrapping presents during the holidays. But, then, when you’re playing with 55,000 square feet, you have the space for that kind of specialized layout.

The home begins with a massive two-story foyer with a 30’ ceiling and a double staircase, a palatial first salvo from a house that is designed to dazzle. The home contains fourteen bedrooms and a whopping 27 baths, as well as a screening room with projection booth, wine cellar, billiards room, beauty salon, night club, and 2-lane bowling alley, and service wing with staff accommodations.

Surrounding The Manor are lawns, an orchard, a koi pond, and a pool with summer kitchen and bar. The property’s previous owners include Bing Crosby.

Petra Ecclestone was formerly married to billionaire James Stunt. She is the daughter of billionaire and F1 ex-CEO Bernie Ecclestone.

   
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