LOCATION: Los Angeles, CA
PRICE: $7,995,000
SIZE: 2.53 acres
YOUR MAMAS NOTES: While celebrity property gossips around the globe went hog wild this week over Oscar-winning movie star and producer Reese Witherspoon putting Libbey Ranch—her historic and published ranch in Ojai, CA—up for sale with a $10,000,000 asking price, a kindly informant we'll call Mandy Canyon whispered to Your Mama that she also (but much more quietly) made a now-vacant parcel in the Mandeville Canyon area of Los Angeles available as an off-market listing with a $7,995,000 price tag.
Avid celebrity real estate-o-philes probably recall that currently-with-child Miz Witherspoon somewhat surreptitiously acquired the equestrian-minded estate—once owned by Tom Selleck—in an off-market deal in August 2010 from silk-robe wearing actor and part-time lawman Steven Seagal for $6,900,000.
Whatever obviously now scuttled plans Miz Witherspoon and her ladder-climbing talent agent husband Jim Toth had for the nearly flat 2.53 acre estate clearly involved the complete removal of an existing 7 bedroom and 9 bathroom Spanish-style residence as well as that of the swimming pool, stables, riding ring and whatever other structures may have been on the property.
What do the real estate experts and otherwise opinionated think? Even though she only bought it just over two years ago is Miz Witherspoon's bucolic spread in Mandeville Canyon worth a million dollars more now that the existing structures have been razed and removed?
Of course Your Mama don't know a pea pod from a zoot suit but it seems to us Mister and Missus Toth are in the mood to shake up their real estate portfolio. Does this mean we may see the happy and procreating couple list her long-time residence in the Brentwood section of Los Angeles? What about the almost 6,500 square foot, quoin-cornered and mansard roofed mini-mansion she owns in her native Nashville? Will that property go up on the block, too? We'll just have to wait and see, won't we children?
listing photo: The Agency
