Close Encounters With Nature
Steven Spielberg has purchased a 2.8-acre horse ranch in Brentwood for $5.75 million.
Spielberg, 51, bought the property so he could have a private horse ring and access to the horse trails in the Santa Monica Mountains, sources said.
The gated property, which was on the market last year at $8.9 million, also has a pool and parking for 75 cars.
There are two houses on the property, each about 2,000 square feet. Built in the 1930s and later refurbished, one of the houses has one bedroom and a two-level living room with a cathedral ceiling; the other has two bedrooms and a 40-foot-long living room.
Spielberg, who is a partner in DreamWorks SKG and has won four Oscars, including the one this year for directing “Saving Private Ryan,” and his wife, actress Kate Capshaw, have homes in Pacific Palisades, Malibu and the Hamptons in New York.
Capshaw, 45, stars in the movie “The Love Letter.” She co-starred with David Arquette in “The Alarmist” (1998). Before taking a hiatus to concentrate on marriage and child rearing, she played the heroine in “Indiana Jones and the Temple of Doom” (1984).
Married in 1991, the Spielbergs have seven children.
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Warner Bros. Co-Chief Executive Bob Daly and his wife, singer-songwriter Carole Bayer Sager, have purchased a 17.4-acre ranch in the hills of Malibu for $6 million.
Sager, who won a Grammy in 1986 for co-writing “That’s What Friends Are For” and an Oscar in 1981 for best song (“Arthur’s Theme”), always wanted to have a place to keep horses, sources said.
Daly, 62, and Sager, 52, plan to refurbish the existing 5,800-square-foot home and build a guest house. The property also has rolling lawns, a pool and a tennis court.
June Scott of June Scott Estates, a Coldwell Banker-Jon Douglas Co., represented the couple in buying the property, and David Perry of the Prudential-John Aaroe Co., Beverly Hills, had the listing, other sources said.
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Model-actress Rachel Hunter, estranged wife of rock star Rod Stewart, has sold a Studio City house she bought a year ago for her mother, who went back to her native New Zealand.
Hunter, 29, sold the 2,000-square-foot house, which has three bedrooms and a den, for about $430,000. Built in 1939, the house was remodeled recently.
Deborah Moore of Coldwell Banker-Jon Douglas Co., Beverly Hills, had the listing, and John Russell of Gibson & Associates, Studio City, was the selling agent, other sources said. Moore also represented Hunter in buying actor-announcer Shadoe Stevens’ Beverly Hills house for about $1.7 million in May.
Hot Property is published Thursdays in SoCal Living and Sundays in Real Estate. Ryon may be reached by e-mail at ruth.ryon@latimes.com.
