Bargain Hunters Alert! The Manor Gets $40 Million Price Cut

LOS ANGELES, CA — The Manor is back on the market in Holmby Hills after a whopping $40 million was shaved from the asking price. Listed at $160,000 the famed mansion built by Aaron & Candy Spelling would still be the priciest home ever sold in the city if it gets its asking price.

On and off the market for as much as $200,000,000 in recent years, the famed home sits on five acres bordering the LA Country Club. According to the Los Angeles Times, the home is owned by Petra Ecclestone, daughter of Formula One billionaire Bernie Ecclestone. It boasts 27 bathrooms, a bowling alley, a movie theater, a wine cellar, agym, a private salon, a game room, and massage and tanning rooms. The entry features 30-foot ceilings opening up to a grand double staircase.

• Address: 594 S Mapleton Dr, Los Angeles, California
• Price: $160,000,000
• Square Feet: 56000
• Bedrooms: 14
• Bathrooms: 16 Full and 11 Half Baths
• Built: 1990
• Features: The Manor is one of the largest and grandest private residences in LA. Originally built by entertainment royalty Aaron & Candy Spelling and exquisitely reimagined, the property is sited on nearly 5 flat acres in the coveted Platinum Triangle. The approx. 56,000 SF mansion represents the perfect marriage of visionary design and timeless grandeur. Bordering the renowned LA Country Club and shielded behind gates and hedges, a winding drive leads to a circular motor court with space for 100 cars. A magnificent entry with 30-foot ceilings and a grand double staircase leads to breathtaking living spaces, including a stunning solarium, formal & informal dining, library, family room, state-of-the-art theatre, chef's kitchen, billiards room, bowling alley, gym, wine cellar and beauty salon. Extraordinary grounds include a resort-caliber pool and spa, championship tennis court, vast lawns and beautiful formal gardens. Moments from downtown Beverly Hills, Rodeo Drive and The Beverly Hills Hotel.

This listing originally appeared on realtor.com. For more information and photos, click here.