Country duo adds city home
Country music singer-songwriters Faith Hill and Tim McGraw have purchased a home in the Beverly Hills area for close to its $6.4-million asking price.
The home formerly belonged to Sasha Stallone, actor Sylvester Stallone's first wife.
The Mediterranean-style home has six bedrooms in 10,500 square feet. The house, built in 1987 on slightly more than 4 acres behind gates, also has a two-story entry; dining and breakfast rooms; a family/media room, a billiards room, a pool, a spa and panoramic views of the mountains, canyons and city.
The Grammy-winning Hill and McGraw make their home base just outside Nashville.
Hill, 35, became a country superstar with her debut hit "Take Me as I Am" in 1993. The same year, McGraw, 36, became a sensation when he released his debut album, followed by his No. 1 hits "Indian Outlaw" and "Don't Take the Girl." His single "I Like It, I Love It" earned a Country Radio Music Award in 1994. Hill and McGraw became a show business power couple when they married in 1996.
Marisa Zanuck of Hilton & Hyland, Beverly Hills, represented the buyers, sources said. Jeeb Naiman O'Reilly and Dee Crawford of Nelson Shelton & Associates were the listing agents.
He trades seascape for hillscape
Marc Andreessen, co-founder of Netscape, has sold his oceanfront Malibu home for nearly its $25-million asking price.
He sold the home to Tom Gores, founder and chairman of Platinum Equity, a privately held company that typically acquires businesses from Fortune 500 companies. Gores, 38, is one of the youngest individuals to be named to Forbes' list of billionaires.
Andreessen, 32, sold his Malibu home because he recently purchased a newly built
6,000-square-foot house in the Hollywood Hills for about $8 million.
The Malibu home is also about 6,000 square feet in size but is on nearly 3/4 of an acre on the sand. It is a striking contemporary with four bedrooms, a spa and a waterfall. The house had just been rebuilt when Andreessen bought it in 2000 for $17 million, including some furnishings.
Andreessen cashed in on the $10-billion sale of Netscape to America Online in 1999. He left AOL six months after the Netscape takeover. His current venture is a software firm called Opsware, which was designed to automate the management of the technology required to run Web sites.
