Magazine article Variety

Coastal Lots Unloaded by Suzanne Somers

Magazine article Variety

Coastal Lots Unloaded by Suzanne Somers

Article excerpt

Though they settled for substantially less than their last asking price of $16.25 million - and took a whopping 33% discount on their original $18 million price tag - Suzanne Somers and husband Alan Hamel have off-loaded a pair of side-by-side oceanfront parcels in Malibu in what property records indicate were two separate but contiguous transactions that totaled just over $12 million. The prolifically entrepreneurial Somers, former star of the iconic 1980s sitcom "Three's Company" and pitchwoman for the wacky Thighmaster exercise contraption, purchased the first of the two properties in August 1999 for $2.3 million and snapped up the adjacent parcel two years later for $2.35 million. The combined lots come to almost one-third of an acre, with about 190 feet of beach frontage. A charming cottage stood on one of the lots but was consumed in a 2007 wildfire. …

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