No more Palisades vista, baby

Gov. Arnold Schwarzenegger and his wife, Maria Shriver, have sold three residential properties in their Pacific Palisades compound, originally listed a year ago at close to $18 million for the entire 5.3 acres. The fourth and final parcel is in escrow.

The couple hasn’t lived on the property since they bought a new home in a gated Brentwood community for about $11.9 million in 2002.

Although offered as a compound, the four parcels also were marketed as three separate homes.

Matthew Maxwell Taylor Kennedy, a son of Robert F. Kennedy and a cousin of Shriver, purchased a $3.4-million home on slightly more than an acre with a pool and a tennis court. Schwarzenegger had purchased that home as a Valentine’s gift for Shriver in 2001. At the time, Jay Lustig, part owner of the Pittsburgh Pirates baseball team, was the seller.

Two other homes in the compound were sold together as one estate on 2.5 acres with a pool, tennis court and park-like yard. There is a large living room with projection facilities as well as a large master bedroom suite and six family bedrooms.

One of the homes was previously owned by actor Daniel J. Travanti, who starred in the 1980s TV series “Hill Street Blues.”

The two-home estate is believed to have sold for about its most recent asking price of $7.95 million.

The fourth home, on nearly 1.25 acres with a pool and a tennis court, is expected to close escrow in August. The gated house has paneled walls and beveled-glass windows. The asking price was $4.95 million.

Schwarzenegger and Shriver purchased their first home in the neighborhood in 1986, the year they were married. They started buying adjacent properties in 1993.

All four homes are in a wooded setting.

Rodrigo Iglesias of Coldwell Banker-Brentwood East had the listing on the two-home estate, and Steve Lewis of Hilton & Hyland, Beverly Hills, represented the buyer, public records show. Iglesias also has the listing on the home in escrow.

Looking for a thriller of a place

Debbie Rowe, singer Michael Jackson’s former wife and mother of two of his three children, has listed her Beverly Hills-area home at slightly less than $2 million.

She has six dogs and needs more room for them. She’s also looking to buy equestrian-zoned property so she needn’t drive to see her horses.

The home has three bedrooms and four bathrooms in close to 3,000 square feet. The one-story contemporary, with a gated courtyard entry, has a living room with 20-foot-high ceilings, a fireplace, walls of glass and an outdoor area with a pool, bar, fire pit and surround-sound speaker system.

The house was built in 1947 but has an updated kitchen with black granite counters and new appliances. The home also has a sauna and large cedar closet.

Mark Hess of Coldwell Banker, Beverly Hills North, has the listing.

He knows all about hot spots

Nightclub impresario Mark Fleischman and his wife, Mimi, have sold their Malibu home for just under $3 million.

They’re building a house for themselves in the Hollywood Hills.

The Malibu home has four bedrooms and five bathrooms in about 3,400 square feet. The house is on 2.3 acres and has a pool, spa, hot tub, media room and office.

There are high ceilings, wraparound decks and ocean and mountain views.

Mark Fleischman is a former owner of the Studio 54 and Tatou nightclubs. He is an owner of the Century Club in Century City. Mimi Fleischman has opened an exercise studio, the Bar Method, in West L.A. The method employs elements of yoga and Pilates.

The Fleischmans are also partners with Dan Fitzgerald in acquiring 40 acres in San Felipe, Mexico, for development of a townhouse community with hotel services including a Bar Method spa program.

Wendy Carroll of Hilton & Hyland, Beverly Hills, and Christie’s Great Estates represented both sides of the Malibu transaction.

A towering home in Seal Beach

An 85-foot-tall former water tower, redesigned as a tri-level residence, has come on the market in Seal Beach, bordering Sunset Beach, at $5 million.

The tower, part of the water system of Huntington Beach until 1975, is also being offered in trade. It was originally built in the 1800s to store water for steam engines but was rebuilt for Huntington Beach in 1945. In 1984, it was auctioned off and turned into a home.

Gerald Wallace, a retired firefighter, has owned the tower for about 10 years. He refurbished it, installing electric window shades and fire sprinklers.

Other features of the tower include a third-floor observation room that doubles as a movie theater and has a 25-foot-long wet bar and a 7-foot retractable table that reveals a fire pit.

The tower has two bedrooms and maid’s quarters in 2,200 square feet. The kitchen has a dumbwaiter. The ground floor has two-car parking, a spa, skylights and an elevator. There are views of the Pacific Ocean, Huntington Harbour and the San Gabriel River.

Mike and Vanessa Colonna at Star Real Estate, Sunset Beach, have the listing.

To see previous columns on celebrity transactions visit latimes.com/hotproperty.