Former Google CEO Eric Schmidt Acquires Iconic LA Mansion for $110 Million

A renowned mansion in Los Angeles, known as The Manor, has been sold to former Google CEO Eric Schmidt and his wife, Wendy Schmidt, for a striking $110 million. This transaction marks one of the most significant real estate deals of the year, rivaling a luxury home sale in Bel-Air earlier in May 2023.

Located in the prestigious Holmby Hills area, The Manor spans approximately 56,500 square feet and sits on around 5 acres of land. Originally built in the 1990s for acclaimed television producer Aaron Spelling, the estate has changed hands multiple times since its inception.

The sale was facilitated by Drew Fenton, head of Carolwood Estates in Beverly Hills, who highlighted the property’s historical significance and opulent features. Schmidt, who boasts a net worth of about $25.5 billion, intends to transform the mansion into a venue not only for personal residence but also for charitable events and cultural meetings in Los Angeles.

Transformation Plans for the Historic Estate

The Schmidts have ambitious plans for The Manor, which has also been affectionately nicknamed “Candyland.” They aim to modernize the estate with a focus on energy efficiency while giving it a new identity. The couple has decided to rename the property simply “594,” based on its address: 594 S Mapleton Drive.

Previously listed for $137.5 million, the mansion has seen a significant reduction in price over time. It was sold in 2019 to British heiress Petra Ecclestone for approximately $120 million after being owned by Spelling, who was known for creating iconic television series such as *Charlie’s Angels*, *Beverly Hills 90210*, and *Charmed*.

Features of the Iconic Mansion

The Manor is a true architectural marvel, featuring an impressive 14 bedrooms and 27 bathrooms. Among its many luxurious amenities are:

– A two-lane bowling alley
– A wine cellar
– A beauty salon with dedicated massage and tanning rooms
– A screening room that accommodates 20 guests, complete with a 60-foot retractable screen
– A swimming pool adorned with 170,000 glass tiles
– A private tennis court

The estate’s grandeur and historical significance have ensured its status as one of Los Angeles’ most iconic homes. With this acquisition, the Schmidts have not only secured a piece of real estate history but also a platform for their philanthropic endeavors in the community.

As they embark on the renovation journey, local residents and real estate enthusiasts alike will be keen to see how this legendary mansion evolves under its new ownership. The transformative vision for The Manor promises to bring a fresh chapter to an already storied property.