Nick Candy and Holly Valance are selling their LA mansion for a cool $85 million

Billionaire property tycoon Nick Candy and his wife Holly Valance have put their ten-bedroom Los Angeles home on the market for a cool $85 million.

The British businessman, best known for his luxury development projects and married to Australian singer actress Holly Valance, has reportedly owned his home in the US since 2013.

The 21,000 square foot property called ‘The Reserve’ was built on two acres and was built in 1959. The property has been heavily modified over the last two decades.

Real estate agents describe it as ‘one of the most historic estates in Los Angeles’ and one of the city’s finest examples of 1950s modernist architecture.

Billionaire property tycoon Nick Candy has put his ten bedroom Los Angeles home on the market for a cool $85 million

The 21,000 square foot property called ‘The Reserve’ was built on two acres and was built in 1959. The property has been heavily modified over the last two decades.

The property comprises a main house with five bedrooms and 11 bathrooms and a guest house just down the road 226 feet on a corner plot in the exclusive Holmby Hills district.

The sprawling grounds include an art-deco-inspired terrace, an outdoor dining area, and seven vintage-inspired water features and fountains

The property consists of a main house with five bedrooms and 11 bathrooms and a guest house just down the road 226 feet on a corner plot in the exclusive Holmby Hills area.

The neighborhood known for its stately gated houses is part of the so-called Platinum Triangle of Los Angeles, along with Beverley Hills and Bel Air.

Nick, 49, and his brother Christian, 47, began renovating their London flat in 1995, and founded Candy & Candy in 1999.

The brothers became big names in the property world with the development of the One Hyde Park super luxury apartment in Knightsbridge which was officially launched in 2011.

Nick Candy and Holly Valance all smiled as they attended last month’s Wimbledon tennis championship

Nick’s one-story main house in Los Angeles is built of distinctive stone, and is said to be of ‘majestic proportions’, with 14-foot ceilings, floor-to-ceiling windows and five fireplaces.

The 11,000 sq ft main house features 5 bedrooms including a 1,000 sq ft main wing with separate ‘own’ bathrooms and dressing rooms, and a spacious family kitchen and informal dining area overlooking the gardens.

The estate agent boasts that it has two grand living rooms featuring a Hollywood art deco bar with black and white images of big screen stars, and a formal room for entertaining with a wine room to ensure guests have their glasses full.

There’s also a 1920s French county-style 12-seater cinema, a quiet study, and a spectacular playroom shared by Candy’s two daughters, featuring built-in Wendy House-style rooms and a slide-in-the-hole. ball.

The sprawling grounds include an art-deco-inspired terrace, an outdoor dining area, and seven vintage-inspired water features and fountains

There is also a swimming pool and jacuzzi with dancing jets, and a tennis court with a pavilion nestled on the hillside, featuring a rooftop terrace with views of Holmby Hills and beyond.

The newly built three-story guesthouse, described as ‘the most significant addition to the estate’, is almost as large as the main house at 10,000 square feet.

Guest accommodations adjacent to the main house feature 1920s art deco interiors, five large bedroom suites on two floors with dressing rooms and balconies, seven bathrooms, kitchen and living room, gym, spa and steam room, and car port. up to 15 cars.

Neighbors include American fashion designer Tom Ford who lives on the same street in the former home of socialite and philanthropist Betsy Bloomingdale.

Nick’s one-story main house in Los Angeles is built of distinctive stone, and is said to be of ‘majestic proportions’, with 14-foot ceilings, floor-to-ceiling windows and five fireplaces.

Candy’s stunning property is exclusively registered with The Agency in Los Angeles and comes with an asking price of $85 million

David Parnes, the agency’s Principal, added: ‘We are honored to represent The Reserve. This legendary estate is a unique blend of art deco and contemporary decor built and designed with the right precision and sophistication’

Ford bought his nine-bedroom home for a reported $38.75 million in 2016, following the death of Betsy who lived there with her late husband Alfred, department store heir and financier.

Candy’s property is listed exclusively with The Agency in Los Angeles for an asking price of $85 million.

Mauricio Umansky, Founder and CEO of The Agency, said: ‘It’s rare for a property as grand as this to be available in the heart of LA’s coveted Holmby Hills.

‘Spread over 21,000 square feet, this home features classic 1950s modernist architecture with the finest modern updates across the two properties on site.

‘Endless home amenities – both inside and out – offer the Californian lifestyle at its best.’

David Parnes, the agency’s Principal, added: ‘We are honored to represent The Reserve. This legendary estate is a unique blend of art deco and contemporary decor built and designed with the right precision and sophistication.

There’s also a 1920s French county-style 12-seater cinema, a quiet study, and a spectacular playroom shared by Candy’s two daughters, featuring built-in Wendy House-style rooms and a slide-in-the-hole. ball

‘This property is situated on approximately two acres and is situated on one of the best streets in LA’s exclusive Platinum Triangle. It is truly a masterpiece and a timeless trophy property.’

Candy has made headlines in recent years as a Tory party donor and most recently backed Shaun Bailey in last year’s London mayoral election.

Property development company Candy & Candy changed its name to Candy Property in 2018 to reflect Nick Candy’s sole ownership.

He also owns private investment fund Candy Ventures, which has interests in technology startups.

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