In with the new, out with the old
Oscar-winning actress Julia
Roberts, who earlier this year was making moves in San Francisco, has quietly sold a Malibu property she owned in a trust for $8 million. Details are scant, as the transaction took place off-market.
The roughly one-acre estate sits across the street from the actress’ longtime residence in the Point Dume area.
Past a gated entry, the property contains a three-bedroom ranch house, gardens and a riding ring. A motor court and large grassy field fill out the front.
The property had been in the process of foreclosure before Roberts bought it in 2015 in another off-market deal for $6.84 million.
Roberts, 52, has scores of film credits, including “Steel Magnolias,” “Pretty Woman” and “My Best Friend’s Wedding.” She won an Academy Award for her leading role in the 2000 film “Erin Brockovich.”
On the real estate front, the actress maintains other property in California, including a centuryold Victorian home in San Francisco
that she bought through the same trust this year for $8.3 million. Four years ago, she sold a two-acre estate on the North Shore of Kauai for $16.2 million.