CHER, who is on tour in Europe to promote her newest album "It's a Man's World," has put her Malibu home on the market at $4.1 million.
The Oscar-winning actress ("Moonstruck," 1987) co-stars with Ryan O'Neal and Chazz Palminteri in the offbeat comedy "Faithful," due out in March, and she is working on the second issue of "Sanctuary," a mail-order catalogue of Gothic-style home accessories and other decorative arts.
Cher's Malibu home was listed in 1993 at $5.25 million. At the same time, she put a nearby lot, where she had planned to build a 14,000-square-foot home, on the market at $3.25 million. The lot is for sale now at $2.5 million.
Cher, 49, is anxious to move on with her life now that she has nearly completed building an 18,000-square-foot villa in the Miami area and bought a site there to build a more private, 20,000-square-foot home, a source said.
In an Architectural Digest article about the Malibu house, which Cher redesigned and nearly doubled in size with the help of designer Ron Wilson, she was said to regard "the make-over of a home to be a highly creative activity, as much perhaps as . . . acting and singing."
The house, which took a year to rebuild after Cher bought it in 1990, is almost 10,000 square feet in size, with a two-story foyer; media room with a fireplace and six bedrooms, including a master suite with an ocean view.
The master also has a private deck with spa and his-and-hers baths, each with a steam shower, hers with a sunken whirlpool as well.
The gated compound has a Southwestern-style exterior and is on 1.2 acres with a tennis court, gym and pool. The 1.7-acre lot that Cher also has on the market is on a bluff with views from Point Dume to Palos Verdes.
Both properties are listed by Ryan Hilckmann and Nancy Sill of John Aaroe & Associates, Beverly Hills, and Ellen Francisco, the Prudential-Jon Douglas Co., Malibu.
CYBILL SHEPHERD, who bought an Encino home last summer for a bit more than $2.6 million, has put her former home, in the Royal Oaks area of Encino, on the market at just under $1.4 million.
The actress-singer, 45, stars on the hit CBS sitcom "Cybill" and has a cabaret act that she took on the road last year. During the 1980s, she co-starred with Bruce Willis in the series "Moonlighting."
Built in 1962, the house that Shepherd is selling has five bedrooms, a children's wing and a guest house in about 5,400 square feet. The master suite has a sauna, spa and exercise room plus a hot tub on its patio.
A sprawling, California contemporary, the freshly painted house has soaring ceilings in the living and family rooms. She has owned the home since 1988.
The gated estate, on an acre, also has a pool and a Valley lights view. It is listed with Connie Nelson and Carol Whelan, both of the Sherman Oaks/Studio City office, the Prudential-Rodeo-Douglas Co.
EVA GABOR'S Holmby Hills home has come on the market at $3.85 million, including furnishings.
Gabor, who appeared in many movies but was best known for her co-starring role with Eddie Albert on the comedy series "Green Acres," died on July 4 at age 74.
She had owned the Holmby Hills home for 20 years, a source said. David Niven was a former owner. Designed by the late architect Paul Williams and built in 1938, the Colonial-style estate has six bedrooms, a library/screening room, guest house with kitchen and sauna; greenhouse, caretaker's cottage and separate office.
The 6,400-square-foot home is on slightly more than an acre, with a tennis court, viewing deck and pool.
Barbara Darnell and Jeffrey Hyland of Hilton & Hyland, Beverly Hills, share the listing.
A Rolling Hills home designed by the late CLIFF MAY, known as father of the California ranch-style house, has been sold for what is believed to be the highest price for a single-family residence on the Palos Verdes Peninsula: $5.7 million.
The one-story, 12,000-square-foot-plus home was built in 1985 and was remodeled within the past two years. Zoned for horses, it has a tennis court and an indoor pool with a retractable roof.
Both the buyer and seller are CEOs of publicly held companies. Weesie Daniel of the Prudential-Rodeo-Douglas Co., Malaga Cove, represented the buyer; Donna Moody of the firm's Peninsula Center office represented the seller.
A Holmby Hills home that once belonged to actor SPENCER TRACY, who died at age 67 in 1967, was sold the first day it came on the market at just under its $1-million asking price, sources say.
The seller, widow of an industrialist who died years ago, had lived there for 40 years, having purchased the home from Tracy, sources say. She moved to a Malibu ranch to live with her grown children.
The six-bedroom, 5,300-square-foot-plus home was bought by a young couple, described as a manufacturer and his doctor wife, who have been living in Westwood. They plan to restore the Holmby Hills house, built in 1930.
Gila Yashari of the Prudential-Jon Douglas Co., Beverly Hills, had the listing.