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Petra Ecclestone sells largest home in Los Angeles for a record £95m

Formula One heiress Petra Ecclestone has sold the largest home in Los Angeles for a record-breaking £95 million.

Petra bought the home, known as The Manor, for £67.5 million ($85 million) in 2011, and has since given the property an eccentric make-over, overhauling many of its staggering 123 rooms – even adding a nightclub in the basement and several large tanks filled with exotic fish.

The daughter of Formula One boss Bernie Ecclestone, originally listed the 56,500-square-foot chateau in Holmby Hills for sale in 2016, adjusting the asking price twice before a suitor was found, but details of the sale is yet to be published. A source told the Los Angeles Times that the purchase was a ‘done deal’.

Petra won’t be moving too far away, with records showing that she recently bought a new mansion for £18 million ($22.7 million) just a few miles west of Holmby Hills, in Brentwood.

It comes just weeks after Petra – who was married to James Stunt until two years ago and went through a torrid divorce – was pictured on her hen-do as she prepares to marry car salesman Sam Palmer.

Petra was granted a divorce in 2017 after a bitter legal fight over their £5.5 billion fortune, with the couple’s assets including a £100 million Chelsea mansion.

Petra, who has three children with Mr Stunt, moved to LA from Chelsea in 2018 to get a fresh start and leave her marriage woes behind.

In an interview with W Magazine about the property, the heiress said: ‘I was living in an apartment before, in London, so it’s a change. That was 5,000 square feet. Then I moved into our other house in London, which was 20,000 square feet.’

She added: ‘I know that the house is huge, and yes, it really is quite overwhelming, but with the other houses we looked at that were a similar size to this, you felt like you were in a museum. ‘

She moved into the sprawling 56,500-square-foot chateau, known as The Manor, but insisted on an extensive refurbishment.

The previous owner had a bowling alley, a room dedicated specifically to cutting flowers and even an entire climate-controlled chamber for storing silver, in the property.

The house also included a barbershop, multiple gift-wrapping rooms, and a French wine and cheese room, complete with French music and side-walk tables.

But Petra was not a fan of the decor and embarked on a huge redesign that took more than nine weeks and required 500 workmen. 

Candyland’s former wrapping rooms have since been swapped out for a hair salon and massage parlor.

There’s also a tanning room, solarium and a games room. Rolling lawns, rose gardens, citrus orchards, statues and grandiose fountains all fill out the The Manor’s grounds, which also include a swimming pool, spa and tennis court.

It’s the largest home in LA and among the largest single-family homes in the entire country, measuring more than 1,500 feet larger than the White House.

Considered to be one of LA’s priciest neighborhoods, Holmby Hills has seen the sale of a number of record-breaking homes in recent years.

The Manor is just a stones-throw away from a previous record holder, The Playboy Mansion, which sold for $100 million back in 2016.

It will now become the fourth home in the state to top a £79.4 million ($100 million asking price), besting the £87 million ($110 million) Malibu beach-front home bought by Peter Morton in April last year.

Candyland is also tied for the fourth most expensive home in US history, with a £189 million ($238 million) Manhattan apartment purchased by Keith Griffin topping the pack.

The home was initially placed on the market for £119 million ($150 million) in 2014, but after receiving no offers in two years Petra inexplicably upped the price to a whopping £158 million ($200 million), before lowering her expectations in 2019.

The buyer of the mansion remains unknown, but the LA Times reported that the individual was represented by Beverly Hills real estate agent Jeff Hyland of Hilton & Hyland.

The home was purchased by Petra from Candy Spelling, the wife of director Aaron Spelling, famed for producing Beverly Hilly 90210 and The Love Boat, died at the Manor on June 23, 2006. 

He collapsed and died on the property from complications from a stroke he’d suffered five-days prior.

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