Phoenix Pictures Chairman and Chief Executive
The East Coast-inspired Traditional main house and detached guesthouse sit on 1.85 acres of park-like grounds with canyon and ocean views.
The 8,829 square feet of light and bright renovated interiors feature a two-story foyer, a living room with a fireplace and French doors leading outside, a family room with a bar and a fireplace, a media room, seven bedrooms and 8.5 bathrooms. There are also fireplaces in the formal dining room and library.
The grounds include a pavilion with an outdoor kitchen and barbeque, a swimming pool with a spa, expanses of lawn and a motorcourt. Two garages can accommodate five cars.
Medavoy, 74, has worked on hundreds of films including seven that won Academy Awards for best picture. Among the Oscar winners are "One Flew Over the Cuckoo's Nest," "Rocky" and "Annie Hall."
The couple bought the property two years ago for $8.2 million, public records show,
Jade Mills and Joyce Rey of Coldwell Banker are the listing agents.