Petra Ecclestone: Formula One Mogul's Daughter to Buy LA Mansion for $85 Million

Petra Ecclestone Buying LA Mansion for $85 Million

Petra Ecclestone, the daughter of Formula One mogul and billionaire Bernie Ecclestone, is set to buy a Los Angeles mansion for $85 million.

Ecclestone, 22, will buy the Holmby Hills estate from Candy Spelling, the mother of actress Tori Spelling.

The estate sports a whopping 57,000 square feet, with Spelling getting over $1,000 per square foot. It also sports three stories, seven bedrooms, a dog-grooming room, five bars, a wine cellar and a tasting room, a China room, a "gift-wrapping" room, a flower-cutting hall, a projection room, game and billiards rooms, and, yes, the standard bowling alley.

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Selling the mansion at $85 million was actually considered a discount, given Spelling was originally asking for $150 million. The real estate market in L.A. caused the price to drop.

Not that Ecclestone really needed a discount. Her father is worth approximately $4 billion. Must be nice to get a mansion for your 22nd birthday. All I ever got was a slap on the back from a drunk man in a bar and a, "Just remember, it's all downhill from here."

Now Ecclestone is set to come away with America's most expensive home for sale.

Also, given her August nuptials to English businessman James Stunt, Ecclestone will be spending her days going back and forth from L.A. to London.

What a world we live in.

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