Actor BURT REYNOLDS is selling his Holmby Hills home, a year after he put it on the market.
Due to close escrow in the next few weeks, the house is being bought by a local couple for just under $5 million, say industry sources not involved in the transaction.
The two-story, 8,659-square-foot home had been listed at $6 million with a couple of different brokers since Reynolds decided to sell it last July. Jon Aaroe and Diane McClure of the Jon Douglas Co. had the current listing.
Neither would comment on the terms of the sale, but Aaroe indicated that Reynolds decided to sell the house because he and his wife, actress Loni Anderson, have spent most of their time in Florida since they married a year ago.
Aaroe, who had the listing for a few months, doesn't know why the house took a year to sell. "There's nothing wrong with it; it's a very good house," he said, "with two guest houses and a projection room.
"And it's on a good street," he said. "I just sold a lot there . . . for $8 million, and there is a house for sale on the street for $12.4 million."
Reynolds bought the gated, Mediterranean-style house as a bachelor pad in 1978. It was built in 1927 and was extensively remodeled in 1959. Besides its other features, it has a swimming pool, a gym and a wine cellar, all on an acre of land.
British actress STEPHANIE BEACHAM has purchased a home with a coastline view in Malibu.
Beacham played the character Sable Colby in "The Colbys" and "Dynasty," portrayed Josephine's best girlfriend in David Wolper's TV production of "Napoleon and Josephine" and will star in the upcoming NBC sitcom "Sister Kate."
Her new home was built in the early 1970s, but was totally remodeled in a Southwestern style with custom-made Mexican tile. The house has three bedrooms, including a master suite with an ocean view and a sitting area with a fireplace. The master bath has a steam shower and a spa.
There is a lot of glass in the 3,000-square-foot house, which also has a couple of large sun decks with ocean views. The home, described as "great for entertaining," will be Beacham's main residence and that of her daughters Phoebe, 14, and Chloe, 12, when they are with their mother on holidays from school in England.
Beacham paid a bit more than $1 million for the property. She was represented by Adriana Daniel of Spinello Realty in Malibu.
PRINCESS STEPHANIE of Monaco was photographed for an upcoming issue of Vogue magazine at a new Malibu house listed at $10.5 million.
"Imagine that--a 'spec' house for $10.5 million," said Betty Graham, who shares the listing with Ellen Francisco, both with Jon Douglas Co.'s Malibu office.
By comparison, there is another Malibu house, built a couple years ago but never lived in, for sale through Graham at $9.5 million, but the highest-priced home in the area is probably actress Barbra Streisand's, at $19 million. It consists of several houses, built several years ago, on 24 acres.
Jan Slort, who has built a number of houses in the Malibu area, built the 11,000-square-foot house with eight bedrooms, including a staff wing and a guest suite; a gym, 10 baths, a pool, a gym and a wine cellar. The 1.6-acre home is on a slope overlooking the ocean, three doors from actor Rich Little's house.
A Melrose Avenue studio/residence that Los Angeles architect FRANK GEHRY once called "the dumb box" is for sale at $1.25 million.
The simple geometric style with unadorned surfaces, designed in 1964, helped launch Gehry's career. He is the architect for the planned Walt Disney Concert Hall at the Music Center, and in May he was awarded the Pritzker Prize, a $100,000 grant and architecture's most prestigious honor.
"It was avant-garde for its time," said Jeff Hyland of the studio/residence, which he co-listed with Stan Nelson, both with Alverez, Hyland & Young in Beverly Hills.
Gehry designed the building for graphic designer Lou Danziger, who is still the owner, on what is now a trendy Melrose Avenue. But Gehry wrote, in a 1968 trade review, that he had heavy-textured stucco applied by machine to the exterior walls, so the resulting surface would be "reasonably compatible with the dirt and grime of the location."
JOHN DRAIKIS, actor/singer/composer son of a Greek shipping magnate, has purchased the 1.65-acre Mulholland Drive estate of industrialist Barney Klinger.
Draikis, who just finished recording an album with singer Thelma Houston, paid nearly the asking price of about $1.5 million for the one-story contemporary home with guest house and pool.
Klinger, active in the Republican Party, is asking $17.9 million for his 50-room Santa Barbara home, "Few Oaks," where he has hosted as many as 1,800 people at party fund-raisers.
Ronna Brand, owner of Brand Realty of Beverly Hills, represented Draikis and Klinger in the Mulholland sale. Jon Douglas Co. has the Santa Barbara listing.