22yo formula 1 heiress saves california housing market

As I’m sure many of you know, after 90210 creator Aaron Spelling died, his wife Candy decided to downsize. She put her house on the market and moved into a $35 million 15,555 square foot condo, figuring it wouldn’t be too long before the place sold. Unfortunately, at the end of 2008, not too many people were looking for homes that had names (“The Manor”), 57,000 square feet, rooms solely devoted to gift-wrapping and asking prices of $150 million. Though she was probably advised to knock a few zeros off, Candy, the little known inspiration for Heather Locklear’s Melrose Place character, held her ground and refuse to budge on the price. Recently it started looking like the house that shows about teenagers getting high and humping built would never get sold, until a little lady named Petra Ecclestone swooped in and saved the day.

Petra, whose father is Formula 1 boss Bernie Ecclestone, needed a place to crash when she’s in from London and deemed The Manor to her liking (she’ll be “splitting her time between a six-story house in London’s Chelsea neighborhood purchased for £56 million and Los Angeles after her planned August wedding to entrepreneur James Stunt”).

Source: DealBreaker.com