Nick Candy and Holly Vallance put LA pad on the market for $85m

Billionaire property tycoon Nick Candy and his wife Holly Valance put their sprawling LA mansion – with ten bedrooms and 18 bathrooms and its own cinema – on the market for a cool $85million

• The rambling 21,000 square-feet property called ‘The Reserve’ is set in two acres of grounds and was built in 1959. It has been heavily modified over the last two decades 
• Estate agents describe it as ‘one of most historic estates in Los Angeles’ and one of the city’s finest examples of 1950s modernist architecture
• The property comprises of a main house with five bedrooms and 11 bathrooms and a guest house at the end of a 226-foot drive on a corner plot in the exclusive Holmby Hills area
• The neighbourhood which is famed for its magnificent gated mansions is part of the so-called Platinum Triangle of Los Angeles, along with Beverley Hills and Bel Air

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

The British businessman who is famed for his luxury development projects and is married to Australian actress singer Holly Valance has reportedly owned his US home since 2013.

The sprawling 21,000 square-feet property called ‘The Reserve’ is set in two acres of grounds and was built in 1959. It has been heavily modified over the last two decades.

Estate agents describe it as ‘one of 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 mansion in Los Angeles on the market for a cool $85 million

The sprawling 21,000 square-feet property called ‘The Reserve’ is set in two acres of grounds and was built in 1959. It has been heavily modified over the last two decades

The property comprises of a main house with five bedrooms and 11 bathrooms and a guest house at the end of a 226-foot drive on a corner plot in the exclusive Holmby Hills area

The extensive grounds include art-deco inspired terraces, outdoor dining spaces and seven vintage inspired water features and fountains

The property comprises of a main house with five bedrooms and 11 bathrooms and a guest house at the end of a 226-foot drive on a corner plot in the exclusive Holmby Hills area.

The neighbourhood which is famed for its magnificent gated mansions 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 flats in London in 1995, and established Candy & Candy in 1999.

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

Nick Candy and Holly Valance are all smiles as they attend the Wimbledon tennis championships last month  

Nick’s single-storey main house in Los Angeles is constructed of distinctive stonework, and is said to feature ‘palatial proportions’, with soaring 14-foot-high ceilings, floor-to-ceiling windows and five fireplaces.

The 11,000 square-feet main house has 5 bedrooms including a 1,000 square-feet master wing with separate ‘his and hers’ en-suite bathrooms and dressing rooms, and an expansive family kitchen and informal dining area overlooking the gardens.

Estate agents boast that it has two magnificent living spaces featuring a Hollywood art deco bar with black and white pictures of big screen stars, and a formal lounge for entertaining with a wine room to ensure guests have their glasses kept full.

There is also a 1920s French regency-style 12-seater cinema, a tranquil study, and a spectacular playroom used by Candy’s two young daughters, featuring built-in Wendy House style rooms and a helter-skelter slide down into a ball pit.

The extensive grounds include art-deco inspired terraces, outdoor dining spaces 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 set into the hillside, featuring a rooftop terrace with views of Holmby Hills and beyond.

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

The guest accommodation adjacent to the main house features 1920s art deco interiors, five large bedroom suites across two floors with walk-in dressing rooms and balconies, seven bathrooms, a kitchen and living area, gymnasium, spa and steam room, and a car port for up to 15 cars.

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

Nick’s single-storey main house in Los Angeles is constructed of distinctive stonework, and is said to feature ‘palatial proportions’, with soaring 14-foot-high ceilings, floor-to-ceiling windows and five fireplaces

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

David Parnes, the agency’s Principal, added: ‘We are honoured to be representing The Reserve. This legendary estate is a unique blend of art deco and contemporary décor constructed and designed with exacting precision and sophistication’

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

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

Mauricio Umansky, Founder and CEO of The Agency, said: ‘It is rare that a property of this grandeur becomes available in the heart of LA’s coveted Holmby Hills.

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

‘The home’s endless amenities – both inside and out – offer the very best of the California lifestyle.’

David Parnes, the agency’s Principal, added: ‘We are honoured to be representing The Reserve. This legendary estate is a unique blend of art deco and contemporary décor constructed and designed with exacting precision and sophistication.

There is also a 1920s French regency-style 12-seater cinema, a tranquil study, and a spectacular playroom used by Candy’s two young daughters, featuring built-in Wendy House style rooms and a helter-skelter slide down into a ball pit

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

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

Last December, a picture emerged of him and Bailey among revellers at a lockdown-breaking party at the Conservative Part’s Westminster HQ a year earlier. The pictured led to Bailey’s resignation from the London Assembly.

The property development company Candy & Candy was renamed as Candy Property in 2018 to reflect Nick Candy’s sole ownership. 

He also has a private investment fund company Candy Ventures which has interests in a number of technology start-ups.

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