Former Microsoft executive Mich Mathews paid $11.5 million to buy a 12,000-square-foot Los Angeles home from Condé Nast Entertainment Group President Dawn Ostroff. The home originally listed in 2010 for $16.5 million and then put it back on the market last year for $12.8 million

The renovated seven-bedroom house sits on an acre in Los Angeles’ Holmby Hills neighborhood. The property also has a screening room, a three-bedroom guesthouse and a pool

Ostroff, former head of the CW television network, and her husband, a managing director for the firm Lazard Wealth Management, sold the home after relocating to New York. The Ostroffs paid $10.7 million for the property back in 2007

Mathews, who retired from Microsoft last September, is selling her Yarrow Point waterfront home near Seattle for $9.3 million


Northern California cattle ranch sells for roughly $20 million


Mill Creek Ranch, a large estate near Sacramento, Calif., sells to a Texas gas and oil family for about $20 million

Winemaker Kimberly Pfendler sold her cattle ranch near Red Bluff, CA, to G. Bailey Peyton IV, a Texas-based businessman with investments in ranch real estate and oil

The property spans more than 25,000 acres and is approximately three hours north of San Francisco. It’s a 7,388-square-foot, three-bedroom Spanish Colonial house which also has several guest and staff houses, a spa and a swimming pool

More than 15 miles of Mill Creek run through the ranch and includes a salmon spawning ground

Pfendler's late husband, Peter Pfendler, founded Polaris Aircraft Leasing and created the ranch in the 1980s by combining two smaller parcels and two ranches

The Pfendlers first put the ranch on the market in 2000 for $60 million but took it off several years later. Pfendler’s husband passed away in 2007, and she listed the property last year for $29.5 million

Her broker says Pfendler is selling because she now spends most of her time at her Sonoma winery, Pfendler Vineyards.


Las Vegas estate price slashed by nearly 75 percent to $6.9 million


A Las Vegas estate that originally came on the market for $27 million has been drastically reduced to $6.9 million. The 7½-acre estate includes an 18,000-square-foot main house, a guesthouse, a 2,000-square foot gym and a large office building

The residence is owned by Shane Kelly, a commercial-real-estate investor and entrepreneur. He put the property on the market three years ago for $27 million, then took it off two years later

It relisted in February of this year for $12.5 million. Kelly is selling because he wants to downsize. The primary reason behind the latest discount is in hopes of selling the home within 90 days.