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July 28, 2014 / 10:09 AM

Petra Ecclestone selling L.A. home for $100 million

Ecclestone is reportedly letting go of the property because she and her husband, British businessman James Stunt, are moving back to London.

LOS ANGELES, July 28 (UPI) -- Formula One heiress Petra Ecclestone is selling the Los Angeles mansion she purchased from Aaron Spelling three years ago.

TMZ reports, the fashion designer is looking to make a big profit from the sale as she listed the 57,000-square-foot Holmby Hills estate for $100 million after paying $85 million for it in 2011.

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Ecclestone is reportedly letting go of the property because she and her husband, British businessman James Stunt, are moving back to London.

Ecclestone purchased The Manor from Spelling's ex-wife Candy Spelling and reportedly spent "a fortune" redoing it.

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