The 57,000-square-foot Los Angeles mansion built by the late television producer Aaron Spelling closed Thursday for $85 million, or 43% off its asking price.
Candy Spelling, the seller and Mr. Spelling's widow, had been one of a select group of wealthy homeowners who sought to hold firm on their lofty asking prices despite the housing market's sharp decline. That group has steadily dwindled. Ms. Spelling's estate has been shown since 2008 and was officially listed in March 2009.
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