British Formula One Racing Heiress Petra Ecclestone Stunt Seeks $200 Million for ‘The Manor’

SELLER: Petra Ecclestone Stunt
LOCATION: Los Angeles, CA
PRICE: $200,000,000
SIZE: (approx.) 56,500 square feet, 14 bedrooms, 27 bathrooms

YOUR MAMA’S NOTES: On the globally publicized heels of a couple of recent, landmark sales of around $100 million in Los Angeles, the city’s largest private residence, known as “The Manor,” has not entirely surprisingly come up for sale with a sky-high and, let’s be honest, slightly unnerving asking price of $200 million. The approximately 56,500-square-foot behemoth, set on 4.7 landscaped acres in the über-tony Holmby Hills neighborhood, was custom built in the late 1980s by and for late television titan Aaron Spelling but is currently owned by 27-year-old British Formula One racing heiress Petra Ecclestone Stunt who bought the regional airport-sized faux-French chateau from Mister Spelling’s widow, Candy Spelling, in 2011 for $85 million in cold hard cash.

When “The Manor” was built, its 100-plus rooms reportedly included a flower-cutting room, a humidity controlled silver storage closet, a barbershop, doll museum, and several gift-wrapping rooms. Immediately upon taking possession of the property, Missus Ecclestone Stunt engaged the services of L.A.-based builder and designer Gavin Brodin to update the meticulously maintained if decidedly dowdy interiors in less than three months with a veritable army of workers — some reports say there were as many as 500 workers on the property at a time — and at an unknown cost that this property gossip would bet the proverbial farm was many millions of dollars. The decidedly contemporary, high-glam result was featured in 2012 in W Magazine.

The titanic and unabashedly opulent mega-mansion opens to an immense foyer with 30-foot ceiling, black and white striped marble floor, wrought iron railed double staircase and a satellite-sized crystal chandelier. The residence essentially functions like a self-contained private resort and in addition to all the usual rooms — living room, formal dining room, kitchen, blah blah blah — the mansion also includes a catering kitchen for large parties and a nightclub-like basement level with a professional screening room, a two-lane bowling alley, and a wine cellar and tasting room. There’s also a complete gym and full spa facilities with beauty salon and massage and tanning rooms. In addition to an extensive service wing with five staff bedrooms and two butler’s suites, there are six en suite family/guest bedrooms plus an owner’s complex that at about 7,000-square-feet is all by itself nearly three times the average size of an American home and incorporates a private living room, kitchen, dual bathrooms and two-story boutique-style dressing room linked not by one but two staircases. There are, according to listing details, an almost unbelievable 27 bathrooms on the property.

The estate’s carefully groomed grounds include a swimming pool with pool house, tennis court, extensive formal gardens — some of which are on the roof of a garage structure, a citrus orchard, koi pond and a soccer-pitched sized swathe of lawn. There’s covered parking for at least 16 cars and room to park another 100 cars along the wide, serpentine driveway and in the prairie-sized motor court at the front of the house.

This is not the first time Miz Ecclestone Stunt has made an attempt to unload her Brobdingnagian L.A. estate. Back in early 2014 we heard from prominent Platinum Triangle property broker Will Sellyourhouse that “The Manor” was being surreptitiously shopped off market by a handful of top brokers with a $150 million price tag. Interestingly enough, we also heard about a year and a half later, in late 2015, from Peter Propertyseller, another high-powered real estate mover and shaker, that a Chinese media magnate and film producer made a very high and tempting offer that was, curiously and for unknown reasons, rejected.

Listing broker Rick Hilton at Hilton & Hyland, an affiliate of Christies International Real Estate, who shares the listing with David Kramer, also at Hilton & Hyland, told The Wall Street Journal that Missus Ecclestone Stunt and her husband, blue chip art and exotic car collecting billionaire investor James Stunt, want to sell “The Manor” because their trio of toddler-age children attend school in London and, hence, they simply don’t spend a lot of time in Los Angeles, at least not enough, it seems, to justify the bother and unquestionably exorbitant expense of maintaining a residence of this epic magnitude. Mister Hilton went on to say the property’s $200 million asking price reflects the fact that it is “in the best location and in move-in condition” while the nearby Playboy Mansion, which also carried a $200 million asking price and sold in August (2016) to businessman and next door neighbor Darren Metropoulos for $100 million, “needs everything.”

At around 25,000-square-feet, The Stunts’ home base in London is quite a bit smaller if slightly more expensive than their no longer wanted Los Angeles pied-a-terre. “Sloane House,” as their historic residence in the Chelsea neighborhood is known, dates to the turn of the 19th century and was acquired by the famously profligate globe-trotters in late 2010 for a reported £56 million, an amount our handy-dandy digital currency conversion contraption shows was then equal to around $87 million. Although we assume they’ve made numerous and sundry alterations and upgrades, listing details from the time of their purchase indicate the five-floor mansion then had seven en suite bedrooms plus staff quarters, a handful of reception and sitting rooms, half of a dozen fireplaces, a small cinema with wet bar, a temperature controlled flower room, a large ironing room outside of the basement level laundry room, and a subterranean swimming pool.

Listing photos: Hilton & Hyland

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