Former Google CEO Eric Schmidt, a titan in the tech world and a burgeoning real estate investor, has reportedly acquired the iconic Aaron Spelling Manor in Los Angeles for a substantial $110 million. This monumental purchase in Holmby Hills further solidifies Schmidt’s impressive global portfolio of luxury properties, positioning him as a significant player in the high-end real estate market.

The acquisition represents a considerable markdown from the estate’s initial 2022 asking price of $165 million, and its more recent tag of $137.5 million in April 2024. Spanning an immense 56,000 square feet, this chateau-style residence is considered one of Hollywood’s most legendary mansions, underscoring Schmidt’s strategic investments in prime, trophy assets.

Schmidt’s expanding real estate empire has garnered significant attention, with hundreds of millions invested in exclusive locales such as Montecito, Miami Beach, San Francisco, and London. His commitment to the Los Angeles market is particularly evident, where his holdings now exceed $300 million, encompassing other prestigious homes in Holmby Hills and valuable undeveloped land above Beverly Hills.

The Manor itself boasts a rich history, originally custom-built in the 1990s by the late television mogul Aaron Spelling and his wife, Candy. After their ownership, the estate was sold to Formula One heiress Petra Ecclestone, who reportedly invested approximately $20 million in extensive renovations, ensuring the property maintained its grandeur while incorporating modern amenities.

Situated on nearly five meticulously landscaped acres, the property offers an unparalleled array of luxury features designed for grand-scale entertaining and private enjoyment. Beyond its vast interior, the estate includes a sprawling backyard lawn, a luxurious pool and spa, elegant fountains, a private tennis court, and lush citrus trees and rose gardens. Practical considerations are also met with two separate motor courts and covered parking for dozens of vehicles, a necessity for an estate of this magnitude.

Beyond the sheer opulence, this latest acquisition by Eric Schmidt and his wife, Wendy, reveals a compelling philanthropic dimension. Known for their extensive charitable endeavors, the Schmidts reportedly intend to utilize the Holmby Hills mansion primarily for hosting meetings and events in support of various local nonprofit and cultural institutions, adding a significant community-oriented purpose to this high-profile transaction.

The intricate details of the deal were expertly managed by leading real estate professionals, with Drew Fenton of Carolwood Estates holding the listing and Linda May, also of Carolwood, representing Eric Schmidt. This high-value transaction not only highlights the enduring appeal of Los Angeles’s most prestigious neighborhoods but also the continued confidence of ultra-high-net-worth individuals in the top tier of the luxury real estate market.