
Avid celebrity property watchers will recall that the award winning movie makers purchased the property from fellow Oscar winner Reese Witherspoon who'd bought the property just over two years earlier for $6.9 million from Steven Seagal who does not have an Oscar but does have a Razzie (plus 8 more Razzie nominations).
At the time of Miz Witherspoon's purchase the property included a large main house and several outbuildings and equestrian facilities. She razed everything. Alas the she and husband Jim Toth opted not to move forward with construction of their own personal Xanadu and instead sold the lot and, instead, dropped $3 million on the house next door to her long time L.A. residence, a multi-parcel property in a discreetly wealthy gated enclave in nearby Brentwood.
Mister Marshall and Miz Kennedy quietly sold their previous residence, a very contemporary, hill-topping Gwathmey Seigal-designed mansion in Pacific Palisades' high-fallutin' Riviera 'hood, in a hush-hush off-market deal to Hollywood royals Tom Hanks and Rita Wilson in early 2010 for just over $26 million.
aerial listing photos: Coldwell Banker