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
Los Angeles Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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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