Candy Spelling has officially, and finally, sold her beloved Candyland mansion. The 56,500-square-foot, Holmby Hills home includes 27 baths — not including the one that Spelling took on the sale.
The Los Angeles Times reports that Spelling, the widow of TV producer Aaron Spelling and mother of actress/authoress Tori Spelling, has sold the 4.7-acre estate to 22-year-old, British racing Formula 1 racing heiress Petra Ecclestone, after it had sat on the market for a little over two years. And it appears that Spelling is among the victims of the current depressed housing market; while Candy had been asking $150 million for the home, which was built in 1991, Ecclestone picked it up for a mere $85 million cash — just over half of what Spelling had been seeking.
Still a princely sum, but Ecclestone (pictured) — who's marrying entrepreneur James Stunt next month and plans to use Candyland as a part-time residence — is getting a lot for her (or rather, her father's) money: The 56,500-square-foot home has an estimated 123 rooms, including 14 bedrooms, several gift-wrapping rooms, and an on-site beauty salon. Oh, and there's also a bowling alley, a 17,000-square-foot attic, and a flower-cutting room.
The property includes parking for more than 100 vehicles, which Ecclestone — the daughter of Formula 1 billionaire Bernie Ecclestone and former Armani model Slavica — will presumably fill with race cars.
Spelling, meanwhile, will be moving into a more modest, 15,555-square-foot condo in Century City, which she picked up for $35 million — less than the $47 million that she originally agreed to pay for it in 2008.
Apparently, the housing market giveth, and the housing market taketh away.