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Fonda sells Reagan's old house

Actor also known as a political activist slated to play Nancy Reagan in film

Just in time for the elections, actor and political activist Jane Fonda and music producer Richard Perry have sold their house in Hollywood Hills West for $8.5 million.

The traditional-style home was built in 1942 for actor Ronald Reagan and his first wife, actress Jane Wyman, according to Ronald Reagan Presidential Library archives.

The five-bedroom, eight-bathroom main house, a swimming pool, a Balinese-style pool house and a tennis court sit on the three-quarter-acre view lot.

Fonda, 74, won a couple of Oscars back in the 70s, and more recently played the evil mom in Monster in Law. She will play First Lady Nancy Reagan in The Butler, a movie due out next year. She has protested the Iraq and Vietnam wars and advocated for women's rights.

Perry, 70, has produced albums for such singing stars as Rod Stewart and Carly Simon.

PROPERTY HAS A POLO, NOT POLITICAL, ARENA

A 30-acre equestrian property that was once part of ranch land owned by Ronald and Nancy Reagan when he was California governor is on the market in Murrieta's Tenaja Valley at $3.9 million.

The spread includes a five-acre seasonally fed lake, a lakeside house, a regulation-size polo field with two grandstands, an eight-acre pasture, nine corrals, three wells and a 2,750-squarefoot barn with skylights. The 1,500-square-foot house, built in 1996, features two bedrooms and two bathrooms.

The property is part of more than 750 acres the Reagans bought in the area in the late 1960s and sold more than a decade later.

HARLIN HOPES TO SET SAIL FROM VENICE HOUSE

Director-producer Renny Harlin has listed his house in Venice, California, at $1.999 million.

The three-level home features an open floor plan, radiant-heated polished concrete floors, balconies, two master bedrooms with fireplaces, another bedroom, an office and 2 1 /2 bathrooms in 2,756 square feet of living space.

Harlin, 53, has worked on such films as Die Hard 2 (1990). On television, he has directed episodes of White Collar (2012) and Burn Notice (2011-12). He is an ex-husband of Oscar-winning actress Geena Davis.

BILLY BOB'S MANSION NOT GOING FOR A SONG

Actor-screenwriter and sometime singer-songwriter Billy Bob Thornton has listed his mansion in Beverly Hills for sale at $9.995 million.

Built in 1929, his 11,012-squarefoot Spanish-style house features a two-storey living room, a recording studio, a gym, a library, nine bedrooms and eight bathrooms.

The walled and gated lot of more than a half-acre includes a swimming pool, a spa, fountains and a paddle tennis court.

Thornton bought the property with his then-wife Angelina Jolie in 2000 for $3.75 million from former Guns N' Roses guitarist Slash (Saul Hudson), according to Los Angeles Times archives.

Thornton, 57, directed, wrote and starred in the movie Sling Blade (1996), for which he won a best screenplay adaptation Oscar. He appeared in The Apostle (1997), and Pushing Tin (1999).

This year, he directed, co-wrote and appears in Jayne Mansfield's Car.

The blues singer, who has released several albums, is the author of The Billy Bob Tapes: A Cave Full of Ghosts, published this year.

PISTONS OWNER SEEKS ACTION OFF THE COURT

Detroit Pistons owner Tom Gores and his wife, Holly, have put a house in gated Mulholland Estates up for sale at $10.75 million.

The Mediterranean, custom-built in 1992, features a family room with exposed beams, a panelled library, two bars, five fireplaces, a screening room, six bedrooms and eight bathrooms in 11,107 square feet. Arched glass doors in an enclosed loggia lead to the lawn, a saltwater swimming pool with spa, a bathhouse and a gazebo on the more than three-quarters of an acre of grounds.

Billionaire Gores and his Beverly Hills-based private equity firm, Platinum Equity, became the owners last year of Palace Sports and Entertainment, which includes the Pistons.

GLEE CO-CREATOR ALMOST GETS HIS MONEY BACK

Whether or not a $6.5-million offer was music to Glee co-creator and writer Ryan Murphy's ears, he has let his Malibu beach house go for that amount. Murphy bought the contemporary Mediterranean last year for $6,562,500.

Entered through a courtyard with a koi pond, the nearly 2,100square-foot view home along the ocean includes two fireplaces, three en suite bedrooms and a powder room. The beachfront deck features a cabana, a spa, an outdoor shower and a fire pit.

Murphy, 46, co-created American Horror Story (2011-present) and this year's comedy The New Normal.