Actor Jason Lee Sells L.A. Home

A Los Angeles home owned by the actor Jason Lee has sold for $3.1 million. It was listed for $3.3 million. Mr. Lee purchased the home in 2007 for $3.4 million from musician Robert Cray, public records show.

Private Properties

Located in the Los Feliz neighborhood, the 2,200-square-foot home has three bedrooms and three baths. Situated on a 1½ acre lot with city views, the home, which was built in 1948, has a separate guest house, gardens and a private office. There's a hot tub located off the master suite.

Mr. Lee, a former professional skateboarder, played the title role in the NBC show "My Name Is Earl" and has starred in movies. He owned the home through a private trust. A representative for Mr. Lee couldn't be reached for comment.

Richard Klug of Sotheby's International Realty had the listing.

Sandy Gallin Reduces Price On Bridgehampton Estate

Talent manager and producer Sandy Gallin has cut the price on his Bridgehampton, N.Y., estate to $20 million. The home originally listed in 2009 for $32 million then taken off the market. Earlier this year, it re-listed for $26.9 million.

The 14-acre compound, made of up three adjacent lots, includes a 1½-acre pond; a rectangular swimming pool is situated partially inside the pond. There's a 6,500-square-foot shingled house with six bedrooms. There's also a guest cottage with an additional bedroom, bath and outdoor shower.

Mr. Gallin, a frequent home buyer and seller, bought the lots in 2001. The home is co-listed with Linda Haugevik of Saunders Associates and Susan Breitenbach and Matthew Breitenbach of Corcoran.

Beverly Park Mansion Sells for $16.5 Million

A Beverly Park mansion once listed for $24.5 million has sold for $16.5 million. The home was most recently listed for $19.5 million and owned by Norman Zada, founder of Perfect 10, an adult magazine featuring women without plastic surgery.

The estate has nearly seven acres and is located in a gated enclave in Beverly Hills, Calif. The 20,000-square-foot contemporary-style house has 11 baths and 18 bedrooms divided between a main house and a guest house, which are connected by a bridge. The home's dining room has a grotto with a waterfall.

"It was a great house but it wasn't easy to sell," says Mr. Zada, who has relocated to a smaller house in Bel Air. "It was just too large for me."

Matthew Altman and Joshua Altman of Hilton & Hyland represented the buyer, a European businessman who purchased the home through a limited liability company. Brian Adler of the Westside Estate Agency represented the seller.

—Candace Jackson