The Cape Cod-inspired traditional-style house sits on more than an acre with ocean views, an expansive lawn and a swimming pool with spa.
Mandel, 56, will host the new Fox show "Mobbed," which will use flash mobs to send musical messages to participants' unsuspecting friends or family members. The reality show is scheduled to start airing next month.
He hosted "Deal or No Deal" from 2005-09. The actor was the voice of Bobby on the animated series "Bobby's World" (1990-98) and was on "St. Elsewhere" (1982-88).
Multiple Listing Service records show Mandel bought the property in 2006 for about $3 million. He tore down the original house to build the current one in 2008.
Matt Rapf of Prittchett-Rapf Associates, Malibu, is the listing agent.
A cast change near Sunset Strip
Reality actress, fashion executive and attorney Mandana Dayani and her husband, TV producer Peter Traugott, have listed their Sunset Strip-area house for sale at $1.549 million.
The two-story traditional, built in 1952, is designed for indoor-outdoor entertaining. The living room opens to a deck with city views on the main level, and the lower level opens to a swimming pool and spa area. The master bedroom includes two walk-in closets, an office or den, and a bathroom for a total of three bedrooms and 21/2 bathrooms in the 2,240-square-foot house.
Dayani, vice president and general counsel for Rachel Zoe Inc., joined the cast of the 2011 season of "The Rachel Zoe Project." Traugott is the television division president of Brillstein Entertainment Partners. His production credits include "Samantha Who?" (2007-09).
Traugott bought the property in 2003 for $1.29 million, according to public records. The couple were married last year.
Sharona Alperin of Sotheby's International Realty's Sunset office is the listing agent.
No more nights at his Lautner
Night-life impresario Brent Bolthouse has sold his John Lautner-designed house in the Mulholland area for $1.46 million.
Built about 1947, the house features walls of glass that open to more than half an acre of mature trees, gardens and terraces. There are three bedrooms, two bathrooms and 1,342 square feet of living space.
Bolthouse, 42, is the founder and president of Bolthouse Productions and has launched such nightspots as Hollywood's Hyde Lounge and the West Hollywood club Trousdale.
The property had been listed at $1.495 million and sold in 2004 for $975,000.
Chad Rogers and Aaron Kirman of Hilton & Hyland in Beverly Hills handled both sides of the transaction, according to the MLS.