Petra Ecclestone, British heiress and daughter of Formula 1 billionaire Bernie Ecclestone, is pulling her GBP175 million (US$201 million) mansion in London off the market.
She and her property agent husband, Sam Palmer, had reportedly spent six years trying to sell the lavish estate in Chelsea, as reported by Tatler.
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Petra Ecclestone and her husband, Sam Palmer. Photo from Petra Ecclestone’s Instagram/@petraecclestoneofficial |
The Grade II-listed home, recognized as an architecturally and historically significant building, is among London’s most expensive residences. Originally two separate houses, the property was purchased in 2011 for GBP60 million by Ecclestone and her then husband, James Stunt, before undergoing a complete transformation, Daily Mail reported.
Now spanning 20,000 square feet, the mansion boasts eight bedrooms and 12 bathrooms. At its entrance, a custom-made gold bar sits beneath a crescent-shaped 150,000-piece chandelier featuring bronze, clear, and gold finishes. Other standout features include a spa, a beauty salon, and a five-meter-long fish tank.
The Chelsea mansion is not the couple’s only high-profile real estate venture. Ecclestone and Palmer have a history of flipping luxury homes for substantial profits, according to the Wall Street Journal.
Most recently, they listed their Los Angeles home for $41.95 million after buying it for $30.5 million in 2023 and carrying out extensive renovations, including new landscaping.
The duo previously sold a Brentwood property in 2022 for $33.5 million, 47.5% more than its purchase price in 2019. They offloaded The Manor—an estate built by television producer Aaron Spelling—for $120 million in 2019, nearly a decade after purchasing it for $85 million. Both properties are located in LA.
As heiress to her father’s F1 racing fortune, Ecclestone has long been a darling in high-society circles. Her wealth is estimated at around $400 million.
