Hannah has had plans to buy another property closer to the ocean, where she may build, Westside sources have said.
The ranch, on about six acres, has a large, lighted riding arena, a barn, a tack room and a Country English-style home built in 1980.
The house has six bedrooms and four baths in 3,100 square feet. It also has a living room with a soaring ceiling and a stone fireplace.
Natural features on the ranch include giant oak trees, riding trails, a seasonal stream and small waterfalls.
Hannah, 40, played a mermaid in Ron Howard's hit comedy film "Splash" (1984). She went on to co-star in other movies such as "Roxanne" (1987), "Steel Magnolias" (1989) and "Grumpy Old Men" (1993). She was the female lead in the movie "My Favorite Martian" (1999) and made her London stage debut last year in a revival of "The Seven Year Itch."
"In God We Trust" finished shooting in June.
Freddy Rodriguez, who plays Federico on the HBO series "Six Feet Under," and his wife, Elsie, have become first-time home buyers with their purchase of a newly built house in Woodland Hills for about $525,000.
The Chicago native, in his mid-20s, and his wife had been renting in Sherman Oaks.
Their new home has four bedrooms plus a bonus room in 2,800 square feet. Among the other features are a spa tub, walk-in closets, a stone floor and high ceilings.
The actor previously appeared in a number of TV series including "Party of Five," and he was featured in the 1995 movies "A Walk in the Clouds" and "Dead Presidents."
"Six Feet Under," which debuted in June and ended its first season last Sunday, was created by Alan Ball, the Oscar-winning writer of "American Beauty" (1999). The character played by Rodriguez is a mad scientist/restorative artist who works in a funeral home.
Blair Thompson of Re/Max on the Boulevard--Team 2000 in Sherman Oaks represented the couple in buying.
Tennis legend Jimmy Connors and his wife, Patti McGuire Connors, have sold their Santa Ynez Valley ranch for just under $3.2 million. They have had plans to stay in the area but in smaller quarters now that their children are grown.
The 71-acre ranch has a main house with five bedrooms in about 9,000 square feet plus two guest houses, barns with offices and horse-breeding facilities. The grounds also have a pool and a tennis court.
The tennis ace, 48, was elected to the Tennis Hall of Fame in 1998.
His wife, a Playboy Playmate as Miss November 1976, started Patti's Picadilly Pickles, a California company, after finding a 1950 letter from her grandmother that included a recipe for spicy dills. The former Playmate also pickles peppers and green tomatoes.
Actress Michelle Johnson and her husband, Matt Williams, All-Star third baseman with the Arizona Diamondbacks and a power hitter, have put their Hollywood Hills and Paradise Valley, Ariz., homes on the market.
The couple, in their 30s, want a bigger house in Southern California and a smaller house in Arizona.
"We're ending up spending more time here, because I have so many meetings, and Matt is here a lot during the off season," Johnson explained.
With an asking price of $1.65 million, the 2,650-square-foot house in the Hollywood Hills, which they have owned for about a year, has four bedrooms, a steam shower, a pool, spa and grassy yard. The Arizona home, which they've owned for a couple of years, is for sale at $4.2 million.
Johnson co-stars with Harry Connick Jr. in "Mickey," a baseball movie due out in February or March "in time for spring training," she said. Author John Grisham wrote the script and is co-producing the film.
She made her debut as a teenager starring with Michael Caine in the comedy "Blame It on Rio" (1984).
Judy Cycon of Prudential John Aaroe, Beverly Hills, has the listing on the Hollywood Hills home. Sandra Baldwin of Coldwell Banker Success Realty, Phoenix, has the Arizona listing.
John N. Nordstrom of the Seattle-based Nordstrom department-store family and his wife, Sally, have purchased a Pacific Palisades home for about $3 million.
The four-bedroom, 4,600-square-foot Monterey Colonial-style home was built in 1938 and has an office, library, pool and pool house.
For the first time in its 94-year history, Nordstrom Inc. named two executives who were not members of the Nordstrom family in 1995 to succeed John N. Nordstrom and two other family members as co-chairmen; however, the Nordstroms remained active on the company's board of directors.
Named Swedish American of the Year in 1992, John N. Nordstrom, a third-generation Swede now in his early 60s, is a grandson of company founder John W. Nordstrom.
Producer Chuck Roven ("Three Kings," "City of Angels," "Twelve Monkeys") has put his Beverly Hills-area home on the market at $13.5 million.
Built in 1939 and restored by Roven, the traditional-style house, on 10 acres, has a 5,000-square-foot main house plus a pool, guest house, kennels (now used as a gym) and a caretaker's apartment.
The property, which has Beverly Hills and San Fernando Valley views, was the home of Roven and his late wife, Dawn Steel, the first woman to run a major Hollywood studio when she was named president of Columbia Pictures in 1989.
Roven and Steel bought the property about 10 years ago from John Calley, now chairman of Sony Pictures Entertainment. Steel died at 51 in 1997.
Roven is selling because he plans to move to his 250-acre ranch in the Santa Ynez Valley, which he bought in December. The ranch has a six-bedroom, antebellum-style main house, a three-bedroom carriage house, a horse barn and a riding track, where Roven and his daughter, Rebecca, like to ride horses.
Steve Levine at Hilton & Hyland, Beverly Hills, has the listing.
Want to see previous columns on celebrity realty transactions? Visit http://www.latimes.com/hotproperty for more Hot Properties.