Reese Witherspoon no longer legally bound to Ojai ranch


Oscar-winning actress Reese Witherspoon has sold Libbey Ranch in Ojai for $4,983,500.

Designed by architect Wallace Neff, who became known for developing the "California" style of home, Witherspoon's ranch was originally built in 1923 as stables for glassware titan Edward Libbey. Details include turrets, original stonework and arched windows and alcoves.

The two-story main house features beamed ceilings, an oversized fireplace in the two-story living room, a library loft with a fireplace, four bedrooms and 3.5 bathrooms.

Three guest cottages, a carriage house, a swimming pool, a barn, stables, pasture land and mature oaks complete the 7 acres of grounds. There are nine bedrooms, five full bathrooms and two half-baths.

Witherspoon, 37, appeared in "Legally Blonde" (2001), "Sweet Home Alabama" (2002) and "Walk the Line" (2005), for which she won her lead actress Oscar. More recently she was in "Mud" and "Water for Elephants." She will star in the upcoming movies "Devil's Knot" and "Wild," based on the memoir by Cheryl Strayed.

Witherspoon bought the ranch for use as a second home/retreat in 2008 for $5.8 million and was married there three years ago. She owns a three-parcel spread in the Brentwood area of Los Angeles and a house near Nashville.

Nancy Kogevinas of Berkshire Hathaway HomeServices and Billy Rose of the Agency were the listing agents. Jennifer Berger of Sotheby's International Realty represented the buyer.

Fast and furious transaction spree

Actor-rapper Ludacris finished 2013 with a flourish, buying a home in Hollywood Hills for $4.8 million and selling a penthouse condo in West Los Angeles for $879,000. He has a second condo for sale in the same building at $879,000.

The contemporary home that the three-time Grammy winner bought was built in 1985 and includes a master bedroom suite with dual bathrooms, dressing closets, a fireplace and a wet bar.

There are a total of four fireplaces, five bedrooms and 6.5 bathrooms in the 5,854-square-foot home.

Among other features are a home theater, walls of glass, a wine cellar and an infinity-edge swimming pool.

Both condos have two bedrooms and more than 2,000 square feet of living space. He paid $1.03 million in 2007 for the penthouse condo he sold.

Ludacris, 36, will release his latest album, "Ludaversal," this year. Among his hit songs are "Money Maker" and "Area Codes." He has appeared in the "Fast & Furious" film series and has scores of television soundtrack credits.

Rande Gray, Ron Keinan and Ariel Shram of Keller Williams were the listing agents for the Hollywood Hills home. Maya Vander of Keller Williams represented Ludacris in the purchase.

Stephanie Franklin and Dick Franklin of Gibson International have the listing on the condo for sale.

Hoping to bob his head at buyer

Comedian Chris Kattan put his home in Hollywood Hills West up for sale at $1.998 million.

Kattan is not the first celebrity to occupy the house, which sits behind an iron gate amid mature trees. Comic actor Danny DeVito is among the former owners.