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Nick Nolte shaves price, finds a buyer for his Malibu compound

Lauren Beale
Hot Property
Nick Nolte parts with his longtime retreat in Malibu after multiple price reductions

Actor Nick Nolte, who starred this year in the miniseries “Gracepoint,” has sold his Malibu retreat for $3.9 million – less than half the $8.25 million he was asking a year ago.

Set in the Bonsall Canyon area, the two-acre compound contains a main house, a guesthouse, a tennis court, a lagoon-style swimming pool and mature sycamore and pine trees.

The Craftsman-style main residence, built in 1963, features an arched entryway, 19-foot vaulted ceilings, skylights, six stone-and-carved-wood fireplaces, marble floors and mahogany French doors. There are four bedrooms and four bathrooms. The master suite has a sitting area, an office and library, and two fireplaces.

The 2,400-square-foot guesthouse has two bedrooms and three bathrooms.

Besides Nolte, the house has been owned by comedian Tommy Chong, Don Felder of the Eagles and music producer David Foster.

Nolte, 72, will star in the upcoming thriller “Return to Sender.” His films of note include "48 Hrs." (1982), "Down and Out in Beverly Hills" (1986), "The Good Thief" (2003) and "Warrior" (2011).

Jane Kellard of Westside Estate Agency was the listing agent. Kirby Kotler of Coldwell Banker represented the buyer.

Twitter: @LATHotProperty

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