U.K. Heiress Buys America's Most Expensive Mansion

The long-running drama over the sale of the highest-priced home in the U.S. appears to be heading to its finale.

The 57,000-square foot Los Angeles mansion built by the late TV producer Aaron Spelling is slated for sale to a 22-year-old heiress to a Formula One racing fortune. The home on five acres of property in Holmby Hills has a bowling alley, beauty salon, several gift-wrapping rooms and parking for 100 cars.

"The Manor," as the property is known, had a list price of $150 million that didn't budge during the real-estate downturn that sent prices in Los Angeles down by more than a third. The sales price was not disclosed.

The elegant entrance to the $150 million Los Angeles home.

This 57,000-square foot Los Angeles home, listed at $150 million, was sold to a 22-year-old U.K. heiress.

The Spelling Mansion

The buyer, Petra Ecclestone, will be splitting her time between London and Los Angeles after her planned August wedding to entrepreneur James Stunt, according to a spokeswoman. Ms. Ecclestone's father is the British billionaire and Formula One racing boss Bernie Ecclestone.

The seller, Candy Spelling, Mr. Spelling's widow, declined to comment. Mr. Spelling produced such TV shows as "Mod Squad," "Charlie's Angels," "Dynasty," "Starsky and Hutch," "Beverly Hills, 90210," and "Melrose Place."

Ms. Spelling and her husband bought the property in the early 1980s and tore down the existing house to build the French chateau-style home in 1991. The home has a double staircase inspired by "Gone With the Wind." It was considered the largest home in Los Angeles by far when it was built.