Last week, we looked at a home in Santa Monica, California that was pretty charmless but this week I've got something in Santa Monica more to my (and I hope your) liking, It's the home of actress Julianna Margulies, the curly-haired brunette actress best known for her role on the NBC drama "ER." Her home is currently rented to Kyra Sedgwick, star of TNT's "The Closer" and the wife of Kevin Bacon. There's much to love about this home, which was built in 1927. It's a cozy three-bedroom with charming details like a living room with a wood beamed ceiling (the listing describes this as an "emotional living room") and a bathroom with Delft-style tiles. The small property includes a pool and directly opposite the pool is an adorable guest house with one bedroom, kitchen and bath. You might need to rent that out to afford this one, it is listed at $4.5 million which seems a bit ambitious given the fact that the main house is under 3,500 square feet.

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[via LA Times Hot Properties]

German director Wolfgang Petersen first made a splash in the U.S. with the movie "Das Boot" about a World War II U-boat and its crew and since then his budgets have grown larger and larger including grand spectacles such as Poseidon and Troy. That's why his comparatively modest Santa Monica home is a bit of a mystery. Is it an investment property or a flip? Is his main residence elsewhere? I'm not certain but it's hard to imagine him in this pretty but bland six-bedroom home with no pool and no home theater. It was just completed and is in a state of utter brand spanking newness with fresh carpets, freshly laid and polished floors and walls in various shades of sunny yellow. It's got some nice features, the kitchen with a granite-topped center island, a Viking range and a wine refrigerator. There is an open house for the home today. It is listed at $3.95 million.

[via The LA Times Hot Properties]
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California Governor Arnold Schwarzenegger might be about to lose one of the perks of his job. Schwarzenegger regularly commutes by a Gulfstream IV provided by NetJets from Sacramento to Santa Monica but Bloomberg reports that a federal judge will decide on May 15 if he can continue to land at the municipal airport. The airport is a fast commute to Schwarzenegger's Brentwood home but Santa Monica city council members including the governor's brother-in-law, Bobby Shriver recently voted unanimously to ban the jets. The town of Santa Monica is now fighting the temporary restraining order obtained by the FAA that blocks enforcement of the ordinance and a U.S. District Court judge in Los Angeles will decide whether to allow the ban or send the matter to trial.

Part of the problem is that the Santa Monica airport is an older, small airport that was not built to accommodate jets that land at fast speeds and there is just one runway. There hasn't been an accident involving a jet on the runway but there are homes located very nearby. The FAA which wants to use the airport to help relieve air traffic in the crowded skies over Los Angeles has offered to add a concrete-like material at either end of the runway that would slow runaway jets and to help the city buy homes to make more room for planes landing and taking off. There is also a possibility that Santa Monica may try to close the airport in 2015, when its agreement with the FAA expires although it seems unlikely that will occur. As for Schwarzenegger, it's likely he will circumvent any potential ruling by either traveling by helicopter or landing at another airport but Bobby Shriver is already anticipating some teasing complaints around family gatherings from his beefy brother-in-law.