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The $40-million sale is one of the highest this year in L.A. County.

La Belle Vie, the mammoth Bel-Air residence built in 1993 for philanthropist Iris Cantor by her husband, Bernard Gerald Cantor, has sold for $40 million, public records show. The sale is one of the highest this year in Los Angeles County.

The mansion had been marketed at $53 million since 2009. It was designed to house the Cantors’ extensive art collections.

The 35,000 square feet of living space include a three-story entry hall, a formal library, a media room, a gym, a billiards room, a beauty salon, three kitchens, 12 fireplaces, nine bedrooms, 21 bathrooms and a staff wing. The property includes a pool, a tennis court and a 10-car garage.

Iris Cantor is chairwoman and president of the Iris and B. Gerald Cantor Foundation, which supports the visual arts and medical, educational and cultural institutions. B. Gerald Cantor, who died in 1996 at 79, cofounded the securities firm Cantor Fitzgerald.

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The widow of legendary TV producer Aaron Spelling put the 4.7-acre residence up for sale more than two years ago at $150 million. Petra Ecclestone, the daughter of British billionaire and Formula One Chief Executive Bernie Ecclestone, is in escrow to buy the property, a report says.

Candy Spelling’s sprawling estate in Holmby Hills, which has bragging rights as the most expensive residential listing in the U.S., reportedly has been sold to a 22-year-old British heiress.

Spelling, widow of legendary TV producer Aaron Spelling, put the 4.7-acre residence up for sale more than two years ago at $150 million, and she held firm to that price despite one of the worst real estate downturns in generations.

Now, Petra Ecclestone, the daughter of British billionaire and Formula One Chief Executive Bernie Ecclestone, is in escrow to buy the property, according to the Wall Street Journal.

The newspaper did not identify anyone confirming the sale, and did not say how much Ecclestone, a sometime fashion designer, is slated to pay for the property.

Spelling and her representatives either declined comment or did not return calls from The Times.

Known as “The Manor,” the home is the largest in Los Angeles County at 56,500 square feet, or slightly larger than the White House.

Spelling, the mother of actress Tori Spelling, once described it to The Times as the “greatest entertainment house ever” with a “kitchen where you can cook for two or 800.”

The home was completed in 1991 and was built to the Spellings’ specifications. Candy Spelling supervised the construction. The mammoth home boasts a bowling alley, a flower-cutting room, a wine cellar/tasting room, a barbershop and a silver storage room with humidity control, among other spaces.

Outside is a tennis court, a koi pond, gardens, a citrus orchard and a swimming pool with a pool house. The motor court can accommodate 100 vehicles and there are 16 carports. A service wing houses the staff in five maids’ bedrooms and two butlers’ suites. The house is believed to have more than 100 rooms.

Spelling will be moving into a 16,500-square-foot penthouse condo in Century City. She agreed to pay $47 million for the top two floors of a 41-story building in 2008 but subsequently got a price break, closing the deal last year for $35 million.

Actress-producer Jodie Foster has listed her Beverly Hills estate for sale at $9,975,000, the Multiple Listing Service shows.

Climbing vines and red brick accents give the seven-bedroom, eight-bathroom compound an East Coast vibe. Encompassing nearly an acre of land, the compound includes a 1949 main house, a tennis court, a swimming pool and a guesthouse.

Foster, 48, won her Oscars for roles in “The Accused” (1988) and “The Silence of the Lambs” (1991). She stars in and directs “The Beaver,” released Friday, and will star in the upcoming “God of Carnage.”

The property previously sold in 2005. It was listed then for $10.5 million.

Foster was not available for comment.

‘Glee’ creator sells in Sunset Strip area

“Glee” mastermind Ryan Murphy has sold a Sunset Strip-area home for $2,775,000.

The Carl Maston-designed Midcentury Modern was built in 1947 and restored. Wood-framed glass walls open to a swimming pool, lawn and outdoor entertaining space, which includes a barbecue and fire pit. The 3,210-square-foot gated house has a library-office, an eat-in kitchen, three bedrooms and three bathrooms.

Murphy, 45, is the creator of such hit shows as “Glee” (2009-present) and “Nip/Tuck” (2003-10). He wrote and directed the movie “Eat Pray Love” (2010).

Public records show he purchased the property in 2001 for $2.5 million.

Neutra, elbow room in Beverly Hills

The Richard Neutra-designed Kronish house in Beverly Hills has come on the market for the first time in more than 30 years at $13,995,000.

Named for its original owner, Herbert Kronish, and built in 1954, the one-story house sits at the end of a 250-foot-long driveway on a 2-acre, flag-shaped lot with mature trees and a swimming pool. With 6,891 square feet of living space, six bedrooms and 51/2 bathrooms, the contemporary home is the Modernist architect’s largest in Southern California, according to his son, Dion Neutra. Walls of glass open to a terrace that steps down to the pool.

Neutra, considered one of the most influential Midcentury architects, died in 1970 at 78.

Making tracks out of Bel-Air?

Singer and record producer John Feldmann has listed his Bel-Air-area house for sale for close to $2.8 million.

(LA TImes)

For more information on properties in LA visit: www.wsarealestateinfo.com