Michelle Pfeiffer Sells $9 Million L.A. Home to Astros Owner

James McClain

Michelle Pfeiffer is officially cashing in that trademark white
gold, as Bruno Mars might say. Just days after she and her longtime
husband — TV producer David E. Kelley — quietly sold their $22
million Silicon Valley estate to an anonymous tech tycoon, records
show the couple also unloaded one of their two L.A. homes in
another off-market deal.

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The house in question, a spacious but otherwise fairly ordinary
structure set on one of Pacific Palisades’ poshest streets,
fetched $9.1 million, a sizable jump from the $8.15 million
Pfeiffer and Kelley paid just over three years ago. While it’s
unclear what interior alterations the pair initiated, recent aerial
images indicates few — if any — changes were made to the
property’s exterior, suggesting they raked in an easy $950,000
profit (before taxes, maintenance and hefty realtor fees.)

Records also reveal the all-cash buyer happens to be
Pfeiffer’s neighbor: Texas-based businessman Jim Crane, owner of
the Houston Astros. Since 2010, Crane and his family have owned the
.73-acre property immediately next door, upon which they recently
completed construction of a Y-shaped custom mansion with a faintly
ominous stone-block façade.Related Articles

Pfeiffer’s just-sold home was built in 1949 in an
architecturally ambiguous style, has about 3,200 square feet of
interior space and sports an attached converted garage that now
functions as a guest studio. There’s a skylit kitchen with
high-end stainless appliances, a great room with hardwood floors
and floor-to-ceiling windows, and a master suite with a wee private
balcony and ocean views. The sloped backyard features a grassy
lawn, an irregularly-shaped pool and wide patio with a sunken

Out front, a wall of enormous hedge plants — they’re taller
than most surrounding trees, actually — and a driveway gate
shield much of the house and the .45-acre lot from public view.

For whatever reason, Pfeiffer and Kelley seem to be in fire-sale
property mode at the moment: their other Palisades house —
located immediately next door to the one they just sold — is
currently for sale with an $8.35 million ask. And their only other
known home, a titanic 340-acre spread up in Canada’s remote
British Columbian wilderness, is also available with a $28.8
million pricetag.

As for Crane, he also maintains a small fleet of pricey
properties that include a mansion in Houston, naturally, and a
just-purchased $18 million estate in Pebble Beach, Calif. He’s
also got a second home elsewhere in Pebble Beach that’s currently
offered with a $24.9 million asking price.

Source: FS – All – Real Estate News 1
Michelle Pfeiffer Sells Million L.A. Home to Astros Owner