$2.8M, With Pistol Range
CYBILL SHEPHERD, whose hit CBS sitcom “Cybill” is her first series since ABC’s 1985-89 smash “Moonlighting,” has purchased an Encino home for about $2.8 million.
In her current series, Shepherd portrays an actress who is in her 40s and has two kids and two ex-husbands. Shepherd, 45, has two ex-husbands and three children.
For the record:
12:00 a.m. July 23, 1995 Los Angeles Times Sunday July 23, 1995 Home Edition Real Estate Part K Page 5 Real Estate Desk 1 inches; 25 words Type of Material: Correction
Correction: Actress Cybill Shepherd bought her Encino home for slightly more than $2.6 million, not about $2.8 million, as was reported in the “Hot Property” column of July 16.
She has said that she turned down offers to do another TV series until now because she wanted time with her twins, who are now 7. She also has a teen-age daughter.
The actress, who is also an executive producer for her series with former “Moonlighting” executive producer Jay Daniel, has been a L’Oreal spokeswoman for the past nine years and has a cabaret act, which she took on the road last year.
She bought an Italian Mediterranean-style villa that was leased recently to actor Burt Reynolds. Shortly after the house was built in 1992, it was for lease at $20,000 a month, and it was for sale at just under $3.5 million.
The 9,000-square-foot home, on 1.5 acres with panoramic valley and mountain views, has six bedrooms plus a pool/guest house with a sauna.
The home also has a 10-plus car motor courtyard, Art Deco-style pub/den, sun deck, “designer pool and spa,” north/south tennis court, basement wine cellar and pistol shooting range.
“It went into foreclosure, and Cybill bought it from one of the folks who foreclosed on it,” a source said.
RICHARD GERE, who’s co-starring with Julia Ormond and Sean Connery in “First Knight,” has purchased a Malibu compound for $5 million, sources say. Its asking price was $5.8 million.
The Bel-Air home that Gere, 45, had shared with super-model/actress Cindy Crawford, 29, before the breakup of their marriage was sold in May for about the same amount.
The Malibu compound includes a three-bedroom, 2,500-square-foot main house; two guest houses, about 1,000 square feet each; a pool, and a tennis court, all on a bluff with 90 feet of private beach and a beach cabana, reached by way of a path. Built in the ‘50s, the estate is on a bit more than two acres, behind gates.
Gere, who has a penthouse in Greenwich Village, is also said to have recently bought retreats in Tuscany, Italy, and Dharmsala, India, the seat of Tibet’s government in exile. The actor, an active Buddhist and follower of the Dalai Lama, started New York’s Tibet House, a cultural center, in 1987.
