Thursday, July 14, 2011

Candy Spelling’s World-Famous Holmby Hills Estate in California Has Sold To Heiress Petra Ecclestone For US$85 million

Hilton & Hyland Real Estate, Exclusive Affiliate of Christie’s International Real Estate, Represents Both Buyer and Seller

    

The Official Closing is Today 

Price Paid for “The Manor” Establishes New Record for Southern California

Holmby Hills, California—The change in ownership of The Manor is now complete. Today heiress Petra Ecclestone, 22, closed on the property built by entertainment royalty Candy and Aaron Spelling. Rick Hilton and David Kramer of Hilton & Hyland Real Estate represent Ms. Ecclestone. Mr. Hilton and Jeffrey Hyland of the same firm share the listing with Sally Jones of Coldwell Banker.

“It has been a distinct honor to work on the sale of this exceptional property,” says Mr. Hilton. “Our unique part of the world—with its glamour, natural beauty, and vibrant lifestyle—continues to attract keen interest from international buyers.”

“The luxury residential real estate market in the Beverly Hills area is performing strongly,” says Mr. Hyland. “It stands among the global markets of Hong Kong, New York and London, in enticing savvy buyers from all parts of the world. Hilton & Hyland is Beverly Hills’ luxury real estate leader commanding one-third of the local market for properties valued above US$5 million.“

“Hilton & Hyland epitomizes the caliber of brokerages invited to join the Christie’s International Real Estate network,” says Neil Palmer, Chief Executive Officer of Christie’s International Real Estate. “Our Affiliates are truly the luxury real estate specialists worldwide.”

Standing as the crown jewel in a premier Southern California neighborhood, The Manor is the largest and grandest private residence in Los Angeles. Beautifully positioned on nearly five acres of rare flat land in prized Holmby Hills, The Manor spans 56,500 square feet, setting a new standard of scale and opulence for residential estates.

 


Lisa Bessone, Christie’s International Real Estate, +1 505 216 1414 lbessone@christies.com

Contact

Lisa Bessone, Christie’s International Real Estate, +1 505 216 1414 lbessone@christies.com
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