Eric and Wendy Schmidt bought The Manor, Aaron Spelling’s former Holmby Hills estate, for a reported $110 million in 2025. The sale price was $27.5 million below its reported $137.5 million asking price. Reporting also said the couple planned to use the property for nonprofit and cultural events and to remodel it; those plans should not be mistaken for completed work.
How much did Eric Schmidt pay for Spelling Manor?
The Schmidts paid a reported $110 million for the estate, according to Realtor.com. The Real Deal reported that the sale was recorded in the MLS on the Thursday before its August 1, 2025, article; the article date and reported transaction timing are distinct.
The $110 million sale was $27.5 million below the reported $137.5 million asking price. Realtor.com said the property had been on the market for several years and had undergone multiple price cuts. The comparison is between reported asking and sale prices, not an appraisal or an estimate that accounts for renovation costs, carrying costs, or inflation.
Where is the mansion, and what is it like?
The Manor, also known as Spelling Manor, is at 594 South Mapleton Drive in Holmby Hills, Los Angeles. It was built for television producer Aaron Spelling around 1990; coverage differs on the exact construction year.
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A 2025 Realtor.com report described the estate as occupying almost five acres. A 2019 Realtor.com account listed the house at 56,500 square feet, with 123 rooms, 14 bedrooms, and 27 bathrooms. The same 2025 coverage named a bowling alley, wine cellar, beauty salon, library, screening room, and gift-wrapping room. These are descriptions from those reports, and room counts and feature lists can vary between accounts.
What will the Schmidts use the property for?
Reporting based on a person familiar with the transaction said the Schmidts primarily intended to host events for Los Angeles nonprofits and cultural institutions. The same coverage said they planned a remodel to simplify the floor plan and improve energy efficiency. These are reported intentions, not confirmation that the events have taken place or that the remodel is complete.
How the estate’s reported price changed over time
| Year | Reported event | Price and context |
|---|---|---|
| After 2006 | After Aaron Spelling’s death, his widow, Candy Spelling, put the property on the market. | A 2019 Realtor.com account said the original asking price was $150 million. |
| 2011 | Candy Spelling sold the estate to Petra Ecclestone. | Realtor.com reported a sale price of $85 million. |
| 2019 | Ecclestone sold the property. | Realtor.com reported $119.75 million and described it as the most expensive residential deal in Los Angeles County at that time. That is a historical claim, not a current record. |
| 2025 | The property was listed and then sold to Eric and Wendy Schmidt. | Realtor.com reported a $137.5 million asking price and a $110 million sale price. |
The 2025 coverage said agents at Carolwood Estates represented the parties. The Real Deal did not publicly identify the seller in its account; an LLC name alone does not establish who beneficially owned the property.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.What was reported about a deed dispute?
The 2025 account said the seller’s legal filings described a fraudulent deed recorded with Los Angeles County in 2024 and a months-long effort to rectify the issue. This is a description of the seller’s claims in those filings, not an independently established finding presented in the coverage.
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