Jane Seymour restores Malibu Villa

Actress Jane Seymour is seeking $14.9 million for a Malibu, Calif., villa she bought 2½ years ago and renovated extensively, but never lived in.

She and her husband, actor and director James Keach, say they bought the 1953 house for $4.5 million two years ago from Keach's brother, the actor Stacy Keach, who had owned it for 25 years. Seymour and her husband gutted and began to renovate the house, and they listed it in February for $16 million, a broker with the listing agent says. After finishing the house in May, they cut the price last month.

The 9,000-square-foot Mediterranean-style villa sits atop a gated, 6-acre knoll overlooking the Pacific Ocean that served as a Coast Guard lookout station during World War II. The seven-bedroom, six-bathroom house has a screening room, gym and 3,000 square feet of wrap-around balconies, which were added during the $5 million renovation.


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