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LA's Top Celebrity Real Estate Of 2011: Big, Bigger And Biggest

First Posted: 12/28/2011 12:28 pm   Updated: 12/29/2011 5:17 pm

Welcome to the world of celebrity real estate, where unbelievable coastal and city views, waterfalls, and biometric-secured wine cellars seem to come de rigueur, and the homes are so big that sometimes only aerial photographs can do them justice.

But alas! This year -- more than any other -- proved that celebs, just like us, are subject to the highs and lows of the housing market. In 2011, stars listed and sold at a loss, consolidated and downsized, unloaded homes post-split, and even quit the city to settle in the 'burbs.

Who were the biggest names making the biggest moves in the Los Angeles real estate scene this year? Here's our year-in-review of celebrity homes.

Candy Spelling's Mansion: Asking Price Of $150 Million
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Only an aerial shot of this massive compound could do justice to the 57,000-square-foot mansion that once belonged to the late-Aaron Spelling and his wife, Candy.

"The Manor" has been on the market since 2009, when Candy listed it at $150 million. It languished there until June of this year, when 22-year-old Petra Ecclestone (heiress to the Formula One fortune) paid $85 million in cold hard cash for it.

Since then, Candy has temporarily relocated to a 6,000-square-foot unit along the Wilshire corridor while she waits for her new Century City penthouse unit to be constructed. Can you imagine the job of downsizing here? Actually, you don't need to imagine anything because HGTV did a show on Candy and her moving stress. "It wasn't just 56,500 square feet, I had 17,000 square feet of attic and I had to do it in 30 days," she told The Huffington Post. "I had to put all the emotions aside and [say], let's organize this and get this done. It was time."

Check out photos of Candy Spelling's former mansion.
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