Hot Property

Oscar-winner Reese Witherspoon's Libbey Ranch includes a main house, three guest cottages and a carriage house. (Don Lewis)

Reese Witherspoon is banking on her own brand. The Oscar-winning actress listed her Libbey Ranch in Ojai for sale this week at $10 million and lent her name to the marketing materials.


Designed by architect Wallace Neff, Witherspoon's ranch was originally built in 1923 as stables for glassware titan Edward Libbey. Details include original hardware, turrets, wrought-iron railings, original stonework, original plank floors, arched windows and alcoves and colorful Spanish tiles.

The two-story main house features beamed ceilings, an oversized fireplace in the two-story living room, a library loft with a fireplace, four bedrooms and 31/2 bathrooms. Three guest cottages, a carriage house, a swimming pool, a barn, stables, pasture land and mature oaks complete the 7 acres of grounds. There are nine bedrooms, five full bathrooms and two half-baths.

Witherspoon, 36, appeared in "Legally Blonde" (2001), "Sweet Home Alabama" (2002) and "Walk the Line" (2003), for which she won her best actress Oscar. More recently she starred in "Water for Elephants" (2011) and "How Do You Know" (2010). She will star in the upcoming movies "Mud" and "Devil's Knot."

The film star married talent agent Jim Toth at the estate last year and is expecting a baby. They use the ranch as a second home.

It's not the only property to which Witherspoon is legally bound. She owns homes in Los Angeles and Tennessee.

Witherspoon bought the ranch in 2008 for $5.8 million, according to the Multiple Listing Service.

Billy Rose of the Agency in Beverly Hills and Nancy Kogevinas of Prudential in Montecito are the listing agents.

Rocker sells two condos in the wind

Pop legend Elton John and his civil partner, David Furnish, have sold their two Sierra Towers condos in West Hollywood for $4.65 million.

The smaller unit features one bedroom, 11/2 bathrooms and 1,151 square feet of living space. The larger has a den convertible to a bedroom, another bedroom and 11/2 bathrooms in 1,831 square feet.

The condos, which have city and ocean views, can be combined. The building has 24-hour security, a doorman, an outdoor pool and a gym.

John, 65, has won multiple Grammy Awards. He shares an Oscar for the "Lion King" song "Can You Feel the Love Tonight" and won a Grammy for singing it. Among the singer-songwriter-composer's hits are "Candle in the Wind," "Your Song" and "Saturday Night's Alright for Fighting."

Furnish, 49, directed "Elton John: Tantrums & Tiaras" (1997). He was an announcer and executive producer of the television series "Spectacle: Elvis Costello With ..." (2008-11).

Andrew Clark and Barry Peele of Sotheby's in Beverly Hills were the listing agents. Gregory Yeardye and Paul Czako of Gussman Czako Estates represented the buyer.

Expanding his playing field

311 frontman Nick Hexum kept busy this summer selling one Los Angeles-area home and buying a larger one.

The 42-year-old vocalist and guitarist sold a house in the Hollywood Hills West area for $1.5 million. Built in 1990, it has four bedrooms, four bathrooms and 3,608 square feet of living space. It was built in 1990 and sits on a quarter of an acre.

He bought the property in 1996 for $647,000.