Candy Spelling's Condo - Record-breaking $47 Million paid for a Los Angeles Condo

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Real Estate Agent with Windermere Real Estate - Palm Springs CalBRE# 01339266

Candy Spelling, widow of TV mogul Aaron Spelling, has purchased the top two floors of a new condo development in Century City, Los Angeles for an astounding $47 Million.

The 16,500-sq.-ft. penthouse is on the top floor of a residential tower ("The Century") currently under construction and is the highest price ever paid for a condo unit in Los Angeles.

She's paying $2,848 a square foot

The previous record of $2,700 was set at the same Century City tower project in February 2008. It is being reported that the Master Bedroom Suite will measure 4000 sq ft.

Mrs. Spelling is downsizing her lifestyle by moving from her 123-room, 56,500-square-foot mansion in Holmby Hills in Los Angeles (The largest home in LA County). The house is For Sale with an asking price of $150 Million.

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Comments 18 New Comment

Rainmaker
473,563
Palm Springs Realtor Stewart Penn
Windermere Real Estate - Associate Broker
Windermere Real Estate - Palm Springs

Anthony - The gossip (true or not, I cannot say) in LA is that she let a lot of the staff go. I suppose visiting all 123 rooms in the Mansion must be good exercise for her :)

July 26, 2008 08:31 PM
Rainer
54,699
Chad Baird
Re/Max Spirit

I just amazes me that one would spend so much money on a property to live in?  Why would anyone need that much stuff???  Its good to downsize I guess, 123 rooms is alot of rooms (and i've seen the house via interviews) but to even build such a place, its beyonds me. 

Perhaps when I can even consider spending $47,000,000.00  to downsize to a simple home, I will understand. I hope to understand someday. 

December 02, 2008 11:33 AM
Rainer
28,065
CF Escrow, Inc.
CF Escrow, Inc.

We wonder why we are ina recession? Maybe because someone can amass so much money by making TV shows. who makes that kind of money? Entertainers, drug dealers and porn sites? John Lennon said it correctly, "they keep us doped on religion, sex, and TV".

God bless her

December 02, 2008 03:07 PM
Rainmaker
473,563
Palm Springs Realtor Stewart Penn
Windermere Real Estate - Associate Broker
Windermere Real Estate - Palm Springs

In all fairness, the mega earnings of TV moguls & entertainers has nothing to do with why we're in a recession. 

December 02, 2008 05:07 PM
Anonymous #21
Anonymous
Anonymous

I was not blaming our recession on Candy Spelling or her late husband but on the consumers who consume their product. My comment was more on the state of a nation where more poeple know who Brittney Spears is than George Bush.

I blame our state of affairs on the apathy and ignorance of the people, not those who feed it.

January 07, 2009 12:00 PM
Rainmaker
473,563

Palm Springs Realtor Stewart Penn

Windermere Real Estate - Associate Broker
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