By Lauren Beale
May 4, 2009
The four-bedroom, five-bathroom hillside house has about 4,380 square feet of living space and ocean, Catalina and city light views. French doors open to balconies, the master bedroom suite occupies an entire floor, and built-ins include an aquarium. The multistory Mediterranean-style home was listed for $2,949,000 last June.
Palmer, 29, bought the house for $2.85 million in 2004. The Cincinnati Bengals quarterback was sidelined for 12 games last season while his throwing elbow healed. He was the 2002 Heisman Trophy winner as a senior at USC.
Andrew Karigan, Prudential California Realty, Newport Beach, represented the seller and the buyer.
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