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Talk-show host LARRY KING and his wife, singer SHAWN SOUTHWICK, have closed escrow on a Beverly Hills home for slightly more than $3 million.

King, who also has a home in Washington, D.C., that he just purchased with his wife, signed a new five-year contract with CNN in May for a reported $7 million a year.

King, 64, has been hosting his popular "Larry King Live" on CNN since 1985. The show originated in Washington but also is broadcast now from Los Angeles and New York City.

Southwick, 38, signed a recording contract last week. She plans to promote her own line of skin-care products and cosmetics in a few weeks on the Home Shopping Network.

The couple, married in September, bought an 8,500-square-foot home with five bedrooms, a guest house and a pool.

Built about 10 years ago, the house met King's prerequisite of being within walking distance of Nate 'n Al's deli in Beverly Hills.

Asher Dann, a longtime friend of King's whose Beverly Hills realty firm is now a division of Coldwell Banker-Jon Douglas Co., represented the couple in buying their Beverly Hills home. Jade Mills, also of Coldwell Banker-Jon Douglas Co. in Beverly Hills, represented the sellers.

British painter DAVID HOCKNEY has listed his home on the beach in Malibu at just under $2.2 million. Hockney has owned the 1,643-square-foot house, with three bedrooms and detached guest quarters, since 1993.

He's selling because he hasn't been using the house much for a while, sources say. Hockney, 60, has had his studio and main residence in the L.A. area for most of his adult life. The Malibu house was a getaway.

This past year, he started painting scenes in his native Yorkshire, England. The landscapes are in "New Paintings by David Hockney," on display through July 31 at the Museum of Fine Arts in Boston. His 24-foot-long "A Bigger Grand Canyon," also completed recently, is on exhibit until Sept. 7 at the National Museum of American Art in Washington, D.C.

Built in 1938, the Malibu house is listed with June Scott and Brent Watson of June Scott Estates, a Coldwell Banker-Jon Douglas Co. in Beverly Hills.

"Wheel of Fortune" co-host VANNA WHITE and her husband, restaurateur GEORGE SANTA PIETRO, have sold their Beverly Hills-area home of seven years for about $3 million, sources say.

White, 41, has been turning letters on the TV game show since 1982.

The couple built a new home near the house they just sold to a businessman in the clothing industry, sources say.

The house they sold was newly built when they bought it. It has five bedrooms in 7,000 square feet. It also has a tennis court and a pool.

Heidi Tabib of Coldwell Banker-Jon Douglas Co., Beverly Hills, represented the buyer, and Valerie Fitzgerald of the same realty office had the listing, other sources said.

Actor JON CYPHER, who has the recurring role of Frank Burnett in the TV series "JAG," and his wife, Carol, have purchased a hillside home in Ventura.

Cypher, 66, may be best remembered for starring as Gen. Marcus Craig in the early '90s series "Major Dad" and playing Police Chief Daniels in "Hill Street Blues" (1980-87). He also played Preston Lodge II on "Dr. Quinn, Medicine Woman" (1996-97) and Ben Fletcher in "Burke's Law" (1994-95).

The couple bought a four-bedroom 3,000-square-foot house with an ocean view from every room for about $500,000. Built in 1989, the three-level house also has an elevator and a spa.

The Cyphers had been renting nearby for three years and decided they liked the neighborhood enough to buy, said David C. Smolen of Century 21, Rose Miller Realty in Ventura, who represented the Cyphers.

Actress ROSEMARY MURPHY, who is featured in Kevin Costner's next movie, "Message in a Bottle," and who co-starred in the TV series "EZ Streets," has sold her two-bedroom Bel-Air home of more than 20 years for about $500,000, sources say.

The veteran stage and screen actress has a co-op in New York and a house in Connecticut. She now has an apartment in the L.A. area.

Murphy appeared in the 1997-98 series "The Visitor" and "Cracker," and she has played such historical figures as Eleanor Roosevelt and Rose Kennedy in TV movies and miniseries. She has been in many films, one of her first being "To Kill a Mockingbird" (1962). The Costner movie is being filmed now.

Built in 1939, the Bel-Air home is Country English in style and has two fireplaces and an attic in 1,470 square feet. The buyer was described as a tax attorney.

Regina Gleason of Nelson, Shelton & Associates, Beverly Hills, had the listing.

A 10.5-acre Montecito estate that fetched one of the highest prices of the year for the area when it was sold this spring for about $8 million is for lease at $50,000 a month.

Built in 1917 for author HOBART CHATFIELD-TAYLOR, the Mission Revival-style home has an 11,000-square-foot main house and 2,800-square-foot guest house, both with ocean views.

The late Dolly Green, daughter of Beverly Hills co-founder Burton Green, also once owned the home, which is listed for lease with Rebecca Riskin of Village Properties, Montecito. Riskin represented the buyer in this year's sale.

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