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Trust Ranch, Estate of the Day


Actress Jane Sibbett often gets cast in the role of the glacial blonde but her home in the Topanga area is warm and inviting. She first put her Trust Ranch on the market last fall for $7 million. The 17-acre property in the hills is a horse ranch with a four-bedroom home that was renovated according to the mathematical proportion known as the golden ratio and features "blessings" such as fun and laughter embedded in the walls. Sibbett and her husband writer/producer Karl Fink are buying a farm in Hawaii but that sale is contingent on this one as reported in the Wall Street Journal. And so, the couple has cut the price of the ranch to $5.2 million. The pair bought the property for just $750,000 ten years ago but have made significant improvements and expansions to the home. The house will appeal to those with a love of nature. There is a vegetable garden, a six-horse barn and plenty of hilly land. It doesn't have a pool or the requisite large deck for entertaining so it won't meet the needs of many L.A. shoppers but it is great home for those who want to feel like they are away from Los Angeles.


Gallery: Trust Ranch

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Sunday Real Estate Round-Up


From the Wall Street Journal's Private Properties:
--Former West Virginia Gov. Gaston Caperton has listed his West Virginia home, shown here, for $3.65 million. Caperton, who was governor of the West Virginia for two terms starting in 1989, is currently the president of the College Board and has overhauled the SAT system, adding writing component to the test. . This home built in 1997 in Shepherdstown, West Virginia has a decidedly wacky bent. It hasa lookout tower and is painted red, blue, yellow and gray. Check out the listing here.
--A penthouse located at South Beach's Setai condo-hotel has gone to contract for $24 million, breaking the city's record for a condominium.
--"Friends" supporting actress Jane Sibbett has put her Topanga, California home, known as Trust Ranch, on the market for $7 million. Sibbett, who played Ross's lesbian ex-wife, Carol, on the sitcom,and she and her husband writer/producer Karl Fink are buying a farm in Hawaii for about $2 million. The four-bedroom home sits on 17 acres and the design is based on the golden ratio, a mathematical proportion considered aesthetically pleasing. The listing is here.

From the NY Post's Gimme Shelter:
--Conflicting figures about regarding Leonardo DiCaprio's penthouse apartment in the Hudson Blue building in New York. The latest is that DiCaprio's new abode will be a one-bedroom condo with a private 800-square-foot rooftop terrace with a hot tub which cost the actor under $3 million.
--Aw, Martin Scorcese is a good dad, he's helping eldest daughter, Catherine, purchase a condo with a $799,000 in Williamsburg.
--Model and actress Emma Heming has paid $1.85 million for a two-bedroom condo in Chelsea.
--Broker, Melanie Lazenby, whose father, George Lazenby, played James Bond in "On Her Majesty's Secret Service" has listed a rather Bond-like $11.5 million duplex penthouse condo. The listing is here.

From the NY Observer's Manhattan Transfers:
--The widow of real estate developer Charles Evans( brother to producer Bob Evans and the producer of the 1982 drag classic Tootsie) has sold their triplex apartment which was listed at $29.5 million.
-- Broadway producer Marty Richards has accepted an offer for his co-op at the iron-gated River House on East 52nd Street. The apartment, which we mentioned recently has been on the market off and on for around seven years was listed for $22.7 million.
--André Balazs, the hotelier turned condo developer is making great deals on the William Beaver House. Over the summer he reportedly sold the penthouse for $4.7 million, now he has sold the 47th floor's A and B apartments for $5 million.
--Octogenarian photographer Frederick Eberstadt has sold his longtime apartment at 791 Park Avenue to Alexandra Heyman Nash, a children's photographer for $6.7 million.
--Ex-White House senior staff member Dina Habib Powell and her husband, Richard have spent $3.85 million on an apartment at The Metropolitan.

From Berg Properties Big Time Listings:
--Wayne Gretzky has paid $875,000 for a house in Westlake Village, California. He recently sold his home in Thousand Oaks to baseball star Lenny Dykstra for a reported $18.5 million.
--The mansion in Encino that singer Macy Gray sold earlier this year for $4,750,000 is back on the market after a major rehab for $11,700,000. Is it worth it? You be the judge, check out the property website here.
--Former Guns N' Roses guitarist and songwriter Izzy Stradlin (also known as Jeffrey Isbell) has paid $1,098,000 for a home in Ojai. Check out the listing sheet here.
--The official sale price on Gene Wilder's Bel-Air home was $2,725,000.
--A home in Bannockburn, Illinois once owned by Bears coach Mike Ditka is on the market for $2.29 million. The listing is here.
--"Simpsons" actor Dan Castellaneta has sold his beautiful five-bedroom, contemporary-style house in Santa Monica. It had been listed at $3,295,000.
--Actor Michael Urie from "Ugly Betty" has paid $749,000 for a 10th-floor condo in the Hollywood Versailles Tower in Hollywood.
--Actor Goran Visnjic of "ER" has sold his Spanish villa-style house in Sherman Oaks for $1,780,000 to hockey star Sheldon Souray.

From the Real Estalker:
--Rumor has it that New York "It Boy" Fabian Basabe and his La Perla lingerie heiress wifey Martina Borgomanero have left new York and moved into a condo on lower Sunset Plaza Drive in West Hollywood.
--The Real Estalker Mama takes a look at the Calabasas home Jag star Catherine Bell put on the market. When we first saw it on the market at the end of August it was listed at $3.25 million but now sits at $2.895 million. Check out the pictures at the listing here.
--The estate of Cheng Ching Wang, the late father of designer Vera Wang, is leasing out the 33-acre estate in Pound Ridge for $25,000 a month.
--Cheng Ching Wang's home in Palm Beach, Florida is also on the market for $23 million. The impressive five-bedroom estate is listed here.
--Looks like A-Rod won't be buying Shaq's Star Island mansion in Miami after all. Various sources are reporting that Alex Rodriguez walked away from the $32,000,000 home and are staying in the Coral Gables area where they currently own a $12,000,000 home.
--The answer to a "Who's House Is This" posted by Mr. Big Time, appears to be Go Go's guitarist Jane Wiedlin who reportedly left this charming modern home in Silverlake to move downtown into a sixth floor condo at the Little Tokyo Lofts which she bought for $695,000.
--Back to Cheng Chin Wang, his estate also sold off an eight-bedroom home on Gin Lane in Southhampton, NY for $11.5 million this summer.
--What to make of guitar god Slash's lawsuit against his real estate agent? We'll take a look at the home as our estate of the day.
--Singer Carole King has put her Stanley, Idaho ranch on the market for $19 million.

From the LA Times Hot Property:
--Earvin "Magic" Johnson and his wife, Cookie, have purchased a $7.6-million vacation home in Dana Point with views of the ocean.
--Professional golfer Corey Pavin and his wife, Lisa have purchased a home in Brentwood for $3 million.
--A home once lived in by Ronald Reagan and Jane Wyman was just sold by veteran TV director Reza Badiyi for $1.8 million.

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