The Price is Right
at $85 Mil
Sources connected with the sale of the 57,000 square foot, Holmby Hills estate tell TMZ ... 22-year-old Petra Ecclestone is plunking down $85 million for her new digs. Candy was asking $150 mil, but in the L.A. real estate market that price was a dream.
One of our sources calls it "a fair price," adding Candy will be getting more than $1,000 a square foot -- not a bad deal.
We're told the escrow period is somewhere between 30 and 60 days. Since Petra's dad, Formula One mogul Bernie Ecclestone, is worth $4 billion ... finding the cash shouldn't be a problem.