SELLER: Reese Witherspoon
BUYER: Frank Marshall and Kathleen Kennedy
LOCATION: Los Angeles, CA
SIZE: 2.53 acres
YOUR MAMAS NOTES: In August 2010 Oscar winning movie star Reese Witherspoon* (Walk the Line) paid faded action flick actor Steven Seagal $6,900,000 to acquire an equestrian oriented 2.53 acre estate in the bucolically swank Mandeville Canyon area of Los Angeles that once belonged to famously mustachioed actor Tom Selleck.
She had the existing house and outbuildings razed but eventually caught a classic case of The Celebrity Real Estate Fickle and quietly put the privately situated estate-sized property up for sale off-market in September 2012 with an asking price of $7,995,000.
Thanks to our tirelessly plucky informant Yolanda Yaketyyak Your Mama has learned that the now-vacant property was sold back in early November for $7,500,000 to seven-time Oscar nominated producer Kathleen Kennedy and her five-time Oscar nominated producer husband Frank Marshall.**
Avid property watchers in Los Angeles may recall that Mister Marshall and Miz Kennedy sold their 14,000-plus square foot Gwathmey Siegel & Associates designed domicile perched on a private promontory that overlooks the ritzy Riviera area of Pacific Palisades in 2011 for a whopping $26,000,000 to two-time Oscar winning actor Tom Hanks and wife Rita Wilson.
Your Mama’s research reveals Mister Marshall and Miz Kennedy also own an ocean front house in Malibu (CA), a ski house in Telluride (CO) and a New York City pied-à-terre they picked up in the spring of 2007 for $2,695,000.
*Presumably Miz Witherspoon’s current husband, Tinseltown bigwig Jim Toth, had some input into the purchase and subsequent sale of the property but at the time of the acquisition they were not legally married. They have since married, made a baby and—at least according to our gal Anita Tellyousomething—would like to buy a secluded new family house on the West Side of Los Angeles in the $15-20,000,000 range.
**Both Mister Marshall and Miz Kennedy are long time professional associates of filmmaker Steven Spielberg and have together and/or separately played a part in the making a long list of films such as Lincoln, The Bourne Identity franchise, The Curious Case of Benjamin Button, Munich, Seabiscuit, The Sixth Sense, Schindler’s List, the Jurrassic Park franchise, Who Framed Roger Rabbit, The Color Purple, the Indiana Jones… franchise, Poltergeist and E.T., just to name a few. The Hollywood power couple has a slew of projects lined up—both together and separately—that include an as yet untitled film about the Wikileaks phenomena, at least three Star Wars projects, the next installment of the Jurassic Park series and the fifth Indiana Jones movie. These people are so busy it exhausts Your Mama just to look at their extensive resumes. Anyhoo…
listing photo: The Agency