Current Listing Price and Property Overview
The Spelling Manor, located at 1230 Angelo Drive in Los Angeles, is listed for sale at a reported price of $150 million as of the latest public records. The estate spans approximately 56,500 square feet across a 3.7-acre lot, making it one of the largest residential properties in the United States by living area Luxury Real Estate listings.
The property features 123 rooms, 14 bedrooms, and 27 bathrooms, with architectural elements including a grand entrance hall, a movie theater, a bowling alley, and a tennis court. The main residence was originally completed in 1991 for television producer Aaron Spelling, and the current listing reflects a repositioning of the asset in the ultra-luxury market.
Market Context and Comparable Sales
In the broader Los Angeles luxury market, mansions of this scale typically trade in the $100 million to $200 million range, depending on location, condition, and amenities. The Spelling Manor's price point places it among the highest-tier listings, comparable to recent transactions in the Bel Air and Holmby Hills neighborhoods Forbes luxury real estate coverage.
Real estate analysts note that ultra-luxury properties like the Spelling Manor often attract international buyers and cash transactions. The listing price reflects not only the physical assets but also the brand value of the Spelling name and the property's historical significance in Hollywood New York Times real estate reports.
Key Features and Investment Considerations
Architectural and Interior Highlights
Key features include a 5,000-square-foot master suite, a 50-seat screening room, a wine cellar, and a three-car garage. The grounds include landscaped gardens, a guesthouse, and extensive outdoor entertaining spaces. The property has been updated over the years while retaining its classic Hollywood estate character.
Investment and Due Diligence
For potential buyers, due diligence should include a review of property taxes, which in Los Angeles County can exceed $1 million annually on high-value estates, as well as any zoning or renovation restrictions. The property's size and complexity may also require specialized insurance and maintenance plans SEC filings on large real estate transactions.
Financing and Transaction Structure
Ultra-luxury real estate transactions often involve a mix of all-cash purchases and private financing. Buyers may work with family offices or private wealth advisors to structure the deal, with closing timelines that can extend several months given the complexity of the asset Bloomberg luxury market analysis.
Summary
The Spelling Manor remains a landmark property in the ultra-luxury segment, with a listing price that reflects its size, history, and location. Prospective buyers should engage experienced advisors to navigate the transaction and assess the property against current market conditions and long-term investment goals.