Candy Spelling is officially moving to her new condo in Century City, which she bought for 35 million dollars. Her new home has a little over 15,500 square feet, a lot less than the Candyland mansion, which has 56,500 square feet.
Candy Spelling had to deal with the depression of the real estate market. More than 2 years ago she put the Holmby Hills home on sale, asking for it about 150 million dollars. Apparently, no one was interested to pay that much for it. But recently, as the prices went down, the wife of former famous producer Aaron Spelling has found a buyer. The 4.7 acre home caught the attention of Petra Ecclestone, the heiress of the British Formula 1 billionaire Bernie Ecclestone and former Armani model Slavica.
At 22 years old, Petra has enough money – from her dad’s pocket – to buy the Spelling estate as a part-time residence. She paid 85 million dollars in cash, just a bit over half of the sum Spelling was asking for the estate two years ago. The property was built in 1991 after Aaron Spelling bought it and tore down completely the house that was on the property. He then built a palace, which included 123 rooms. The mansion has 14 bedrooms, a gift-wrapping room, a beauty salon, a flower-cutting room, a bowling alley a cinema and a 17,000 square-foot attic. The parking has room for about 100 vehicles. Petra will probably fill it with race cars.
Meanwhile, Candy Spelling is moving into a condo in Century City which she picked up in 2008. The estate was originally priced at 47 million dollars, but now it was sold for 35 million dollars.
Candy Spelling may not be that disappointed with the smaller home, as she has a reason to cheer up. She is soon to be a grandmother for the third time. Her daughter, actress and reality star Tori Spelling, is about to give birth to her third baby.