facebook

traded

+ Submit
Home

/

Deals

/

California

/

Single Family

/

Sale

/

594 South Mapleton Drive

Eric And Wendy Schmidt Acquire Spelling Manor In Holmby Hills For $110 Million
SOLDSingle Family

Eric And Wendy Schmidt Acquire Spelling Manor In Holmby Hills For $110 Million

594 South Mapleton Drive

$110,000,000

$1,946/SF

Building Size

56,500 SF

Asset Type

Single Family

Closing

Aug 1, 2025

AI

A single-family residence located at 594 South Mapleton Drive in Los Angeles has been sold for $110,000,000. The property encompasses 4.6 acres, offering an expansive living space with a total square footage of 56,500. The sale price translates to a price per square foot of $1,947.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $110,000,000
  • Address: 594 South Mapleton Drive
  • Market: Los Angeles
  • Acres: 4.6
  • Square Footage: 56,500
  • Price per Square Foot: $1,947
  • Buyer: Eric & Wendy Schmidt
  • Brokers: Drew Fenton & Linda May - Carolwood Estates

Eric and Wendy Schmidt acquired Spelling Manor, tying it with a Bel-Air estate for Los Angeles’s most expensive transaction of 2025. The seller, a Saudi entity, was represented by Drew Fenton while Linda May represented the buyers in this high-profile deal, which features 14 bedrooms and 27 bathrooms.

Players

Drew Fenton

Carolwood Estates

Broker

$1.3B

vol

36 deals

Broker
Carolwood Estates
Carolwood EstatesBrokerage

Eric Schmidt

Buyer

$265.6M

vol

9 deals

Buyer

Los Angeles Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93