L.A. Mega-Mansion Gets $25M Price Cut

With 123 bedrooms, the Holmby Hills home, originally built in 1988 by Aaron and Candy Spelling, is considered a Los Angeles “mega-mansion.” But with a hefty amount of square footage also comes a hefty price tag—a whopping $175 million to be exact.

The 56,000-square-foot residence sits on five acres in one of Los Angeles’ most coveted neighborhoods, and has the possibility of taking the title for “most expensive home sold in the United States.”

Current owner Petra Ecclestone purchased the home in 2011 for $85 million, but remodeled the interior space over the last several years. It’s rumored that she was offered $150 million for the home, but turned it down. As of now, no home in the county has sold for over $100 million. But, the Bel Air spec house was just listed for $188 million. Right now, it’s a race to the “Sold” sign to steal the title from a Hamptons estate sold for $150 million in 2014.

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