Former Google CEO Eric Schmidt Purchases Iconic Los Angeles Mansion for $110 Million
The former Google CEO, Eric Schmidt, has acquired the legendary Spelling Manor in Los Angeles, a property larger than the Taj Mahal and the White House. The 56,500 sq-ft French chateau-style estate, now simply called '594,' will host meetings and gatherings for LA nonprofits and cultural institutions.
Eric SchmidtGoogleLos AngelesReal EstateSpelling ManorReal Estate NewsAug 02, 2025
Carolwood Estates founder and CEO Drew Fenton, who represented the seller, shared the news via his Instagram. The Beverly Hills-based real estate agency celebrated the deal for laying claim to a tie for the 'market’s priciest deal' of the year, putting it on par with the May sale of 630 Nimes Road in Bel-Air.
The ex-Google chief, who currently has a net worth of $25.5 billion, and his wife, Wendy Schmidt, snapped up the famous LA estate for $110 million, according to the Wall Street Journal. While the couple’s real estate portfolio boasts properties around the world, including those in London, New York City, Washington DC, and more, their latest purchase will primarily host meetings and other gatherings tied to LA nonprofits and cultural institutions, shared a person privy to the transaction’s behind-the-scenes.
An insider also suggested that the Schmidts have already laid out comprehensive plans to remodel the house to maximize its energy efficiency. Instead of its previous names—Spelling Manor and Candyland—the couple is said to call the property in the Holmby Hills simply '594,' referencing its address (594 S Mapleton Drive).
While the Manor’s $110 million price tag may seem like a hefty asking price to the layman’s eyes, the former Google chief and his wife actually reaped the benefits of a significant discount. After encountering countless price cuts on the market for several years, the Los Angeles mansion finally got listed for $137.5 million.
Prior to the recent ownership shift, it was sold in 2019 for about $120 million with British heiress Petra Ecclestone as the seller. The daughter of Formula One legend Bernie Ecclestone called the estate her home after Aaron Spelling’s death. The property has long held record listings, but the Schmidts made the most of a staggering price cut.
Boasting 14 bedrooms and 27 baths, the impressive LA house even has a two-lane bowling alley, wine cellar, and a beauty salon consisting of massage and tanning rooms. According to a house tour by Architectural Digest, the Manor also has a screening room, which seats 20 people comfortably, with a 60-ft screen that drops into the floor. This particular highlight sits in the center of the house. Moreover, the place features a swimming pool built with 170,000 glass tiles, and a tennis court.
Frequently Asked Questions
What is the name of the mansion Eric Schmidt bought?
The mansion is known as the Spelling Manor or the Manor, but Eric Schmidt and his wife Wendy refer to it as '594,' based on its address at 594 S Mapleton Drive.
How much did Eric Schmidt pay for the mansion?
Eric Schmidt paid $110 million for the mansion.
What are some notable features of the mansion?
The mansion boasts 14 bedrooms, 27 bathrooms, a two-lane bowling alley, a wine cellar, a beauty salon with massage and tanning rooms, a screening room with a 60-ft screen, a swimming pool with 170,000 glass tiles, and a tennis court.
Who was the previous owner of the mansion?
The previous owner was British heiress Petra Ecclestone, the daughter of Formula One legend Bernie Ecclestone.
What are the Schmidts' plans for the mansion?
The Schmidts plan to use the mansion primarily for hosting meetings and gatherings tied to LA nonprofits and cultural institutions. They also have comprehensive plans to remodel the house to maximize its energy efficiency.
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