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Selling the Most Expensive Home in America

Friday, January 20th, 2012

The most expensive home in the U.S. was recently on the market and its sale is the subject of a new HGTV reality show.  “Selling Spelling Manor” tells the tale of Candy Spelling’s decision to downsize by putting her 57,000-square mansion on the market and commissioning a 16,000 foot penthouse condo at the top of a Century City skyscraper. 

Candy is the widow of Aaron Spelling, a TV mogul who produced some of the top shows of the 70s and 80s.  The asking price of the manor was originally $150 million, but Candy accepted an $85 million offer from a 22-year-old British heiress named Petra Ecclestone.  The house was on the market for at least two years – even the most expensive homes have seen a recent drop in prices.

You can take a virtual tour of the amazing Spelling estate by watching this YouTube video.

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Dip in Price for World’s Most Expensive Houses

Sunday, November 22nd, 2009

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As the prices of homes continue to drop, even the ultra-rich are feeling the pinch. According to Forbes.com, the prices of some of the most expensive home properties in the world are also being reduced. For example a 22,000-square foot Connecticut home that was the second highest priced home for sale in the world last year at $125 million now has a $60 million price tag.

The current top-priced home is Candy Spelling’s mansion in Los Angeles, which is priced at $150 million. The 45,000 square foot house has 100 rooms and is modeled after the palace at Versailles. Candy Spelling, widow of famed television producer Aaron Spelling, plans to keep the house on the market at that price and has no plans to cut the price. It remains to be seen whether she’ll get the price she wants for the property.  Read complete details and see a slideshow of the world’s most expensive houses at Forbes.com.

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