Hot Property: Celebrity real estate
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Hot Property: Celebrity real estate

Hot Property: Celebrity real estate
Karen Pankow, the ex-wife of Chicago trombone player James Pankow, has listed this Malibu home for $4.5 million. (Home and Lands magazine)
Hot Property: Celebrity real estate
The contemporary Mediterranean sits on 1.5 acres in Malibu, and has several unusual touches, including copper doors, an elevator, and a 600-square foot, circular master bedroom with a wet bar. (Home and Lands magazine)
Hot Property: Celebrity real estate
Karen Pankow -- whose ex-husband James Pankow wrote Chicago’s memorable hit “Just You ‘N’ Me” -- has listed this Malibu home for $4.5 million. The property has a lap pool, 180-degree ocean views, and soaring, two-story ceilings on the first floor. (Home and Lands magazine)
Kenny Chesney
Country singer Kenny Chesney has listed his Malibu home for $7.95 million, just two months after purchasing the home in Carbon Canyon for $7.4 million. (John Haeger, Associated Press)
Arnold Schwarzenegger, Maria Shriver
California Gov. Arnold Schwarzenegger and his wife, Maria Shriver, have purchased ranchland near Carpinteria, a sleepy beach town in Santa Barbara County. Public records show they have bought a 25-acre tract in the Rancho Monte Alegre project in Santa Barbara County -- spending about $4.7 million for the land. (Robert Durell, Los Angeles Times)
Carpenteria State Beach
Craggy good looks: Gov. Arnold Schwarzenegger and his wife, Maria Shriver, have purchased ranchland in Carpinteria, which is known for its rocky, scenic beaches. Visitors to this section of Carpinteria State Beach can enjoy tide pools, hiking trails, and a seal rookery. (Tim Hubbard/Los Angeles Times)
Arnold Schwarzenegger, Maria Shriver
Schwarzenegger and Shriver currently live in Brentwood. Here, they leave their polling place at Kenter Canyon Charter Elementary School. (Pool, Getty Images)
Kevin Costner, Carpinteria
New neighbors: Kevin Costner has a home in Carpinteria, where he and friends can hang out on the beach. (Al Seib, Los Angeles Times)
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