"Priscilla Presley had planned to build on the site, which has a guest house, but she changed her mind. Presley had a recurring role in "Melrose Place" and starred during the '80s and '90s in the TV series "Dallas" and a number of movies, including the "Naked Gun" series. The actress, 54, was married to Elvis Presley from 1967 to 1973."
"Principal, who also has produced several TV movies, is the author of the self-help books "The Body Principal: The Exercise Program for Life" (1983, Simon & Schuster), "The Beauty Principal: The Beauty Program for Life" (1984, Simon & Schuster) and "The Diet Principal" (1987, Simon & Schuster). She is married to plastic surgeon Harry Glassman."
"Built in 1926, the 14,000-square-foot house on 1.5 acres, with a private drive, was owned in the '30s by Herbert T. Kalmus, the developer of Technicolor. Kalmus built a reception area and theater, where he entertained celebrities of the day. When the Tuscan-style villa was restored in 1990, the theater was turned into a 1,500-square-foot ballroom-theater with a marble floor and a drop-down screen and projection system."
Priscilla Presley sold three acres of Montecito property featuring a guest house to actress Victoria Principal for about $3 million. Presley had initially planned to build on the site but changed her mind. Principal, known for roles in Dallas and guest appearances on Providence, is also an author of self-help books and television producer. In a separate transaction, Verna Harrah, widow of casino magnate William F. Harrah, purchased a Bel-Air estate built in 1926 for approximately $8 million. The 14,000-square-foot Tuscan-style villa, formerly owned by Technicolor developer Herbert T. Kalmus, features eight bedrooms, eleven bathrooms, a theater converted to a ballroom, and gardens designed by renowned landscape architect Emmet Wemple.
#real-estate-transactions #celebrity-property-sales #montecito-and-bel-air-estates #entertainment-industry
Read at Los Angeles Times
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