On again, off again in Palisades

Last April, surfer-turned-producer Brian Grazer and his wife, novelist Gigi Levangie Grazer, separated. A few months later they got back together.

Newly reconciled -- and perhaps to help get a fresh start -- the Hollywood power couple listed their 8,800-square-foot Pacific Palisades home of nine years at $27.5 million. Then late last week they did another about-face: They unlisted it -- which isn’t to say they won’t be putting it back on soon. Wouldn’t you love to be a fly on that wall?

The Grazers’ “remarkable compound,” according to the Multiple Listing Service, sits on 3 acres.

It’s reached by a gated, tree-lined drive and includes a main house with five bedrooms and eight bathrooms, a screening room and an office, plus a guesthouse with two bedrooms and a billiards room. There is also a second office, an art studio and a gym.

The one-story ranch-style home, built in 1940, was designed by Cliff May and was owned from 1947 to 1952 by actor Gregory Peck.

And although the cliff-side compound has a pool and guesthouse built into the hillside and the house has canyon, city and ocean views, its design is typical of May’s houses, which are not pretentious or grand.

Grazer, 55, is an executive producer of the CBS legal series “Shark,” starring James Woods. Grazer shared a best picture Oscar with his Imagine Entertainment partner, Ron Howard, for “A Beautiful Mind” (2001).

“The Da Vinci Code” was one of Grazer’s projects with Howard this year.

Levangie Grazer, 43, has written a string of novels satirizing Hollywood.

In the latest one, “The Starter Wife,” the studio executive’s wife is “cruised,” a term Brian Grazer coined after Tom Cruise filed for divorce from actress Nicole Kidman just before their 10th anniversary. Under California law, a spouse can get an equitable share of the couple’s property and assets if the marriage lasts 10 years.

Grazer and Levangie Grazer had been married for eight years and seven months when they separated. They reconciled in August or September.

Levangie Grazer’s book is being turned into a miniseries starring Debra Messing as a woman searching to redefine herself after her divorce from a Hollywood mogul. It’s due to air in the spring.

Keeping it all in the sports family

L.A. Clippers forward Yaroslav Korolev is the latest of several pro-sport players who have lived in this five-bedroom, Mediterranean-style home in Manhattan Beach.

Korolev, who bought the house for about $1.9 million, was attracted to the 3,700-square-foot home by its high ceilings, tall windows and open floor plan. Korolev is 6-foot-9.

The Moscow-born player was only 18 when he was picked by the Clippers as 12th overall in the 2005 draft.

Korolev, like the other athletes who’ve owned the house, enjoys the family room. It overlooks the park-like backyard, which features a fire pit and stone trellis.

The new owner also appreciates the house as a place for him to entertain.

It’s a healthy hike to the Strand from the house in the eastern part of town, but it’s close to the nightlife, parks and restaurants of the South Bay.

Ed Kaminsky of Sport Star Relocation had the listing.

Does the buyer plan a reDesign?

Kenneth Brown, the decorator who is host of HGTV’s “reDesign,” has sold his loft in West Hollywood for slightly more than $1 million.

The loft has 20-foot ceilings, a library, a home office-guestroom and a master-bedroom suite. The library has reclaimed barn-wood walls and concrete floors.

HGTV’s “reDesign” is a makeover show where homeowners pay for the furniture and materials, and Brown gives his opinions on decor for free.

Martha Freeman of Coldwell Banker Previews, Brentwood Court, represented the buyer.

West Palm Beach sounds tempting

Five years ago, former KTLA and KCBS anchor Terry Anzur put her Pasadena home on the market for $600,000 and headed for Florida, where she has been anchoring and reporting for WPEC-TV, the CBS affiliate in West Palm Beach.

She’s now returning to California, where her husband accepted a job transfer. She expects to shop for a home in the San Gabriel Valley and intends to continue to work in TV news, programming and journalism education.

First, however, she must sell her house in Florida, and that won’t be easy. “The market here is beyond slow, even though we didn’t have any hurricanes this year,” she said. “No one is looking at houses. Perhaps that will change when snowbirds start coming down for the winter.”

Listed at $1,075,000, her house is a “pretty good example of how much more you can get for the money in Florida as compared with Southern California,” she said. The West Palm Beach house, in a country club with fairway views, has four bedrooms and a den in 4,600 square feet. It has a courtyard, a pool, a spa and a screened patio. There are marble floors, crown moldings and a coffered ceiling. The home also has an attached three-car garage.

Ken Millsaps of Keyes Realty in North Palm Beach has the listing.

ruth.ryon@latimes.com