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Category: Hot property

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Hot Property: Creator of 'thirtysomething' buys equestrian property


 Producer Marshall Herskovitz has purchased an equestrian property in Calabasas for $4.1 million.

The ranch has a Mediterranean-style house with six bedrooms and seven bathrooms in 7,000 square feet, a seven-stall barn, two arenas, pastureland and a separate caretaker apartment.

The remodeled home's family room opens to a wraparound veranda overlooking the swimming pool area. An outdoor living area has a hacienda-style fireplace and barbecue. There are mature oak trees and a creek.

The film and television producer, director and writer was the co-creator and executive producer of the Emmy Award-winning "thirtysomething" (1987-1991) and produced "Blood Diamond" (2006) and "I Am Sam" (2001).

Tracy Bunetta and Patty Cali of Coldwell Banker, Malibu, co-listed the property. Cali and Win Collins of Sotheby's International Realty, Santa Barbara, represented Herskovitz.

There are more photos at

--Lauren Beale

Thoughts? Comments?

Photo: A wraparound veranda overlooks the swimming pool area. There are mature oak trees and a creek. Credit: Simon Berlyn


Frank and Jamie McCourt have bought several area homes since 2004


 The separation of Dodgers owner Frank McCourt and his wife, Jamie, the team's chief executive -- and what that may mean for the baseball franchise -- is the subject of a story today at The pair have done their share of real-estate shopping since they moved to Los Angeles, buying two neighboring properties in Holmby Hills and two next door to each other in Malibu.

The Holmby Hills residence, a 20,000-square-foot villa that had been listed at $29 million, was purchased in April 2004.

Six months later an adjacent French country fixer of 8,385 square feet for $6.5 million was purchased, according to Multiple Listing Service records.

In August 2007, the John Launter-designed Segel Residence in Malibu was bought for $27,250,272 from actors Courteney Cox and David Arquette, and a beachfront bungalow next door in early 2008 for $18,975,000.

A check Wednesday revealed that none of these properties had been listed on the MLS for sale.

-- Lauren Beale

Thoughts? Comments?

Photo: The Segel residence in Malibu is owned by the McCourts. Credit: Michael McCreary


Hot Property: Chief Bratton knocks 20% off his asking price


Los Angeles Police Department Chief William Bratton and his wife, Rikki Klieman, have re-listed their residence in Los Feliz at $1,499,000.

They originally put the L-shaped house on the market in July at $1,875,000, about a month before Bratton announced that he would be leaving the LAPD to run a private security firm on the East Coast. He steps down at the end of the month.

The walled and gated house, built in 1964, has four bedrooms and three bathrooms in 2,716 square feet. The midcentury one-story home has a courtyard entry, outdoor entertainment areas with city views and a swimming pool and spa surrounded by mature trees and landscaping. Inside the post-and-beam house are vaulted ceilings, hardwood floors and an updated Mediterranean-style kitchen. Glass doors open to the pool.

The current asking price is a 20% reduction from the July listing, which was canceled last week. The couple purchased the Los Feliz home in early 2003 for $1,244,000.

Bennett Carr of Sotheby’s International Realty’s Beverly Hills office and John Olsen of the Sunset Strip office have the listing this time around.

-- Lauren Beale

Retiring Los Angeles Police Chief William Bratton reviews the new officers during their graduation at the Los Angeles Police Academy on Oct. 9. (Mark Boster/Los Angeles Times).

Hot Property: Gerard Colcord-designed Bel-Air estate listed for $12.95 million

A restored Bel-Air estate, built in 1932 and designed by architect Gerard Colcord, is on the market for $12.95 million.

Colcordthen The gated traditional home, which today has eight bedrooms and 10 1/2 bathrooms in about 10,000 square feet, was one of Colcord’s last French farmhouses. Known as the Horton House for its original owners, it has been home to such Hollywood personalities as former Univision Chairman and Chief Executive Jerry Perenchio, actor Bob Newhart and soap star Deidre Hall, according to "Colcord Home" by Bret Parsons.
A long driveway leads to a motor court with a fountain at the front door, and manicured lawns and gardens surround the multi-gabled house. Inside is a dramatic two-story entry with a sweeping staircase, a spacious formal living room with a fireplace, an office-library and a formal dining room with a bay window. The open kitchen has a large center island and was combined with the family room and breakfast room. There is a pub room, a screening room, a temperature-controlled wine cellar and a four-car garage. A separate entrance leads upstairs to a guesthouse.

The house cost $45,000 in 1932, according to Parsons’ book. The property, more than a half-acre, most recently sold for $6.6 million in 2006, public records show. Myra Nourmand and Michael Nourmand of Nourmand & Associates, Beverly Hills, have the listing.

There are more photos at

-- Lauren Beale

Thoughts? Comments?

Photos: The house today, top. Credit: Howard Nourmand. The Bel-Air house as Colcord envisioned it, inset. Credit: W.P. Woodcock / Angel City Press


Hot Property: Does Nicolas Cage have a buyer on the hook?

The sealed-offer sale of Academy Award-winning actor Nicolas Cage’s Bel-Air Tudor may have had the desired effect. The property is now “looking for backup offers,” according to its status on the Multiple Listing Service.

The sale was to take place Sept. 24 with the minimum opening offer set at $9.95 million.
Known as Harris House for its original owner, the estate has been on and off the market since October 2006, when Cage listed it for $35 million. It had been priced earlier this year at $17.5 million.

The 1940 baronial mansion, clad in decorative brickwork, has six bedrooms, nine bathrooms, five fireplaces, stained glass and period details in 11,817 square feet. There is a theater, a library and a 1,800-bottle wine cellar. The acre of grounds includes a swimming pool, an outdoor kitchen with a brick oven and a gated circular motor court.

The Gerard Colcord-designed house was based on British manor homes of the 15th and 16th centuries, according to “Colcord Home” by Bret Parsons, but its central square tower and entrance “hints that they are the remains of a castle that has been encapsulated by an expanded Tudor residence.”

Its chain of celebrity owners includes singer and entertainer Dean Martin, who bought it in 1972, and singer Tom Jones, who took ownership in 1976. Martin commissioned architect Colcord and his associate Liza Kent to add the 2,500-square-foot entertainment complex.

Cage, 45, who won an Oscar for “Leaving Las Vegas” (1995), bought the property in 1998 for less than $7 million. Parsons’ book places the original permit valuation at $85,000, plus a land cost of $25,000.

The listing agent is Stephen Shapiro of Westside Estate Agency, Beverly Hills, according to the MLS. There are current photos of the house at the WEA website. I think it's well worth a look before the photos come down. Because I don't know who took them, I can't seek permission to put them up at L.A. Land and save you the step. Check out the entry stairway, my personal favorite, and the exterior shot that shows a motorcycle leaned up against a tree.

-- Lauren Beale

Thoughts? Comments?

Related item: Hot Property: Nicolas Cage estate, once listed at $35 million, looking for offers from $9.95 million


Hot Property: Award show director lists Beverly Hills-area home


Jeff Margolis, the Emmy-winning director of the Academy Awards among other televised award shows, has listed his longtime Beverly Hills Post Office-area home at $3,495,000.

The 1927 Spanish-style house has arched passageways, open-beam ceilings, a step-down living room with a fireplace and an office-library-media room with a projection and sound system. There are five bedrooms and seven bathrooms in 5,234 square feet. The one-third acre property is gated and includes a swimming pool and a sports court.

There are more photos at

-- Lauren Beale

Thoughts? Comments?

Photo: The listing agents are Drew Mandile and Brooke Knapp of Sotheby's International Realty, Beverly Hills. Credit: Everett Fenton Gidley


Hot Property: Producer Jon Peters sells Beverly Hills-area site for $12 million

Film producer Jon Peters ("Superman Returns," "Batman Returns") has sold a 6.5-acre residential lot in the Beverly Hills Post Office area for $12 million.

The site of the former estate of director King Vidor included house plans by architect Richard Landry. A 14-car underground garage and office are already on the three-parcel property, which sits behind gates. There are city and ocean views.
Peters sold to move to his ranch outside Santa Barbara.

The property came on the market in March at $19,995,000 with Jeffrey Hyland, Brooke Kaufman and Chad Rogers of Hilton & Hyland, Beverly Hills, sharing the listing.

-- Lauren Beale

Thoughts? Comments?

Hot Property: Fashion designer lists Studio City home


Retired fashion designer Geary Roark, whose dresses and suits have been worn on such TV shows as “Dallas,” “Knots Landing,” “Cheers” and “Hollywood Insider,”  has listed his Studio City home at $1,099,000.
The Robert Byrd-designed storybook ranch, built in 1953, has hand-hewn beam ceilings, built-in cabinets and a two-sided brick wall with a fireplace in the living room and a built-in barbecue with a rotisserie in the dining room. There are three bedrooms and 2 1/2 bathrooms in 1,894 square feet.

Byrd is known for creating homes that make the most of their natural surroundings. “It’s built on a hill, and designed for the lot, so when you come up the driveway, there are a series of steps, and on the second level you see the openness of the house,” Roark said. “The inside and outside are all sort of one.”

There are more photos at

-- Lauren Beale

Thoughts? Comments?

Photo: Windows provide a view through the house to the backyard. Bret Parsons of Prudential California Realty’s Pacific Design Center office has the listing. Credit: John Hough


Hot Property: Meg Ryan relists Bel-Air home

Actress Meg Ryan ("You've Got Mail," "Sleepless in Seattle") has put her Bel-Air home back up for sale at $14.2 million.

She had listed the compound in October 2008 at $19.5 million but withdrew it from the market at the end of February.

The Spanish-style house, built in 1931, has been restored and features stenciled beam ceilings, arched doorways and ironwork. French doors open to city and ocean views, a loggia, a dining pavilion and the swimming pool. The four fireplaces include one in the guesthouse. There are six bedrooms and seven bathrooms in 6,877 square feet.

The property was purchased in 2000 for $8,995,000, public records show.

--Lauren Beale

Thoughts? Comments?

Hot Property: Phoenix Pictures head buys in Beverly Hills

Phoenix Pictures Chairman and co-founder Mike Medavoy and his wife, Irena, have purchased a Beverly Hills home for $5.85 million, the Multiple Listing Service shows.

The contemporary Mediterranean, built in 1965, has four bedrooms and seven bathrooms in about 6,200 square feet. The one-story house has views of the city beyond the grassy backyard, which has a swimming pool and spa. There is a gated motor court and a four-car garage.

The property previously sold for $5.6 million in 2008 and had come on the market in February at $7.99 million.

More details are available at

-- Lauren Beale

Thoughts? Comments?

Hot Property: Golf champ Fred Couples sells Montecito home


 Golf champ Fred Couples has sold his house in the Santa Barbara-area community of Montecito for $9.56 million.

The 11,000-square-foot, two-story Monterey colonial had been listed last year at $12.5 million. The main house, built in 1939, has nine bedrooms and 7 1/2 bathrooms. There is an arched front entry, a formal dining room with a beamed ceiling, and a master bedroom suite with a sitting area and office space. The 2,300-square-foot guesthouse has three bedrooms, two bathrooms and a kitchen.

He bought the home in 1999 for $4 million and has moved to La Quinta, Calif.

There are more photos at

-- Lauren Beale

Thoughts? Comments?

Photo: The 5-acre ocean-view property includes a putting green, a tennis court, rose gardens and a swimming pool. Sharon R. Fisher and Vickie G. Craig of Village Properties, Montecito, shared the listing with Dan Encell of Prudential California Realty, Montecito. Colleen Beall, also of Village Properties, represented the buyer. Credit: Jim Bartsch



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