Dwight Yoakam, one of country music's biggest stars, has sold his Malibu getaway, with a panoramic ocean view, for close to its $825,000 asking price.
Yoakam, who appeared Thursday at the Universal Amphitheatre, released his "dwightyoakamacoustic.net" album in June and has been working on the new studio album "Tomorrow's Sounds Today," due out in the fall.
For the Record
Los Angeles Times Sunday October 29, 2000 Home Edition Real Estate Part K Page 3 Real Estate Desk 2 inches; 53 words Type of Material: Correction
Producer's activities--Panacea Entertainment chief Eric Gardner co-produced the movie "Elvira, Mistress of the Dark" in 1988 with Mark Pierson, but Gardner is no longer producing Elvira movies, as was reported in Hot Property, Aug. 20. "Elvira's Haunted Hills," to start filming in November, is being produced by Pierson, husband of Cassandra Peterson, who plays Elvira.
The country heartthrob, who has been in the cast of several movies, including "Sling Blade" (1996), made his film writing-directing debut this year in "South of Heaven, West of Hell," starring himself, Bridget Fonda, Vince Vaughn, Billy Bob Thornton, Peter Fonda, Paul Reubens and Michael Jeter.
The movie, which premiered at the Slamdance Film Festival in January and was screened again at Cannes in May, was abandoned by its financier before the start of production, but Yoakam proceeded, financing the picture largely out-of-pocket before his production company, set up for the movie, filed for Chapter 11 bankruptcy protection. The movie was originally budgeted at $4 million to $4.5 million.
In April, Yoakam borrowed $500,000 against the 12.6-acre Malibu property, which has a three-bedroom, 2,500-square-foot ranch-style house, a two-bedroom guest house, a six-stall horse stable and a garage with a shop.
Yoakam, 44, had owned the property since 1989, when he bought it for $550,000. He made his debut as a singer-songwriter-guitarist in 1984 and made his major-label debut, "Guitar, Cadillacs, Etc., Etc.," in 1986.
Since then, the Grammy-winning Kentucky native has sold about 15 million albums in the U.S. and has written such hit songs as "Yet to Succeed," "A Long Way Home" and "Miner's Prayer," inspired by his grandfather's death.
Yoakam sold his Malibu property to prominent Beverly Hills plastic surgeon Frank H. Ryan, who plans to use the property as a weekend retreat. Yoakam and Ryan have other residences in the L.A. area.
Clifford M. Kaye of Metropolitan Development in Beverly Hills represented Ryan in buying the property, and Diane Everett of Coldwell Banker in Malibu had the listing.
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The longtime Beverly Hills home of the late entertainer Mel Torme, who will be honored Sept. 6 at an all-star tribute at the Hollywood Bowl, has been put on the market at $2.85 million.
Torme was called "Mr. Hollywood Bowl" because he headlined the venue for 19 consecutive years. His friend Dame Cleo Laine will headline the upcoming tribute.
