Hot Property newsletter: Highs and lows in big-name real estate

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Hot Property newsletter: Highs and lows in big-name real estate
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This week's real estate movers and shakers include 'American Idol' creator Simon Fuller, comedian-actress Mindy Kaling and Oscar-winner Julia Roberts.

Just because the owner’s name is big doesn’t always mean mega-bucks when it comes to real estate sales. This week we did see a major reality show creator pull down $28 million for his Bel-Air estate. But we also found a former Major League Baseball team owner parting with an 88-acre Riverside County ranch for $550,000.Glimpse their lives and latest real estate deals in our weekly Hot Property newsletter.

The whitewashed brick home sits on a 1.6-acre lot with sweeping city and ocean views. The interiors include an expansive entry hall, a living room with wainscoting, a circular wood-paneled library, a formal dining room with space for 20 and seven bedrooms.The mansion Simon Fuller sold has seven bedrooms and seven bathrooms within its 11,200 square feet.A trust tied to comedian-actress Mindy Kaling has paid $9.

Sinatra, who died in 1998 at 82, sold more than 150 million records during his prolific music career. His hits included “Strangers in the Night,” “My Way” and “New York, New York.”Enjoying this newsletter? Consider subscribing to the Los Angeles TimesA trust connected to Oscar-winning actress Julia Roberts has paid $8.3 million for a century-oldThe shingled exterior encloses five levels of living space in about 6,200 square feet.

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