It's official - Candy Spelling paid $35 Million for her Century City condo.

Curbed LA reports that "Two and half years after the record-setting deal was first announced, Candy Spelling closed today on her penthouse at The Century in Century City. Spelling paid $35 million for the two-story penthouse."

The $35 Million price tag is substantially lower than the $47 Million originally reported, reflecting the depressed Real Estate Market in addition to "the fact that the final build-out square footage of Spelling's penthouse (15,555 square feet) is 1,000 square feet smaller than anticipated."

Candy Spelling's Holmby Hills Mansion is on the market for an astounding $150 Million.

Candy Spelling Condo

Photo courtesy of The LA Times.

 
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12 Comments on $35 Million Condo In Century City, Los Angeles | $12 Million Price Reduction For Candy Spelling's Condo

DEC
08
2010
953,687 Points 13 Featured Posts Called Shot Master

Stewart,

It is certainly an impressive home, and it is obvious that prices are normalizing...or will they go down further...A

9:41pm • #2
316,482 Points 2 Featured Posts Attended Rain Camp Called Shot Master

I guess it was nice that she could afford to buy the condo without having to sell her old home.  I wonder how many gift wrapping rooms the condo has.

10:21pm • #3
217,235 Points 17 Featured Posts Outside Blog Called Shot Master

Poor thing...what in the world is she going to do without that extra 1000sf?  ;-)  I wonder how the other units in the buiding compare.

10:37pm • #4
240,991 Points 2 Featured Posts

I think I might have cut my commission one side of that deal.  

11:00pm • #5
458,729 Points 27 Featured Posts Outside Blog Called Shot Master

Kathy - At $35 Million, it's only $2250 per sq ft ...!

Ron - Is there anyone in the world who will pay $150 Million for a single family home?

If you'd care for a bet, I'll say the house eventually sells for $80 - $100 Million.

Rodney - At least the Purchase wasn't conditional upon the Sale :)

11:08pm • #6
1 Featured Post Outside Blog Called Shot Master

Well that puts a whole new spin on my definition of a condo.  Sounds fabulous and very, very spacious!

11:55pm • #7
1,596,447 Points 437 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Guess she got a deal. Too bad she can't sell her manse which I think has been on the market for quite some time. Seems to me she had her dog help her pick her agent from what the media reported.

Jeff

11:59pm • #8
DEC
09
2010
1,030,262 Points 67 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

I guess downsizing is difficult at any property price-range * I'd LOVE to have a gift wrapping room....mine is called my BASEMENT!

6:26am • #9
561,252 Points 3 Featured Posts Outside Blog Called Shot Master

Stewart,

If price were no option Ms. Spellings 150M house also reflects a very personalized taste, as I remember.

Steve

12:05pm • #10
458,729 Points 27 Featured Posts Outside Blog Called Shot Master

David - The master suite is rumored to be about 4000 sq ft.

I keep wondering why anyone in the world needs a 4000 sq ft bedroom?

Jeff - I think "The Manor" will be on the market for a long, long time.

Steve & Joel - Exactly .... It's a specific style.

12:41pm • #11
612,578 Points 9 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Stewart - that is pricey for a condo - and just like in the Newport Beach area, the Portabello closed for somewhere between 30 - 35 million (undisclosed amount). Originally listed years ago for 75 million.

3:56pm • #12

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Stewart Penn - DRE# 01339266 (Penn Properties) Rainmaker_large

Stewart Penn - DRE# 01339266

West Hollywood, CA

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