Apparently, Diane Keaton Flips Houses in Her "Spare" Time

She makes movies and flips homes? Dream job!

Photo by: Robert Hansen Photography

Robert Hansen Photography

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Diane Keaton, in her trademark suits and turtlenecks, is most well-known as an Oscar-winning actress in films that are today's classics, from her first appearance in The Godfather to her Oscar-winning performance in Annie Hall.

Now, at age 71, Diane hasn't slowed down. She's a mother of two children, has written three books and owns her own wine company, The Keaton. And in her spare time, she's a home flipper with a long history of buying, remodeling and selling houses in enviable locations — houses that exude as much charm as the woman herself.

Now, fresh on the market is a Laguna Beach house steps from the sand and with views of the Pacific Ocean, beach and rugged cliffs. The home was originally built in 1928 for the J. Roy Smith orange tree groves family when the idea of having a beach house was coming of age in California. The Smiths chose a bluff overlooking the wide beach of Shaw's Cove, which afforded protection from storm waves and an expansive view. It was built in a Mediterranean revival style with stucco, decorative Spanish-tile accents, wood beams, carved doors, ironwork and terraces surrounded by lush plantings and an outdoor fireplace.

Photo by: Robert Hansen Photography

Robert Hansen Photography

Photo by: Robert Hansen Photography

Robert Hansen Photography

Diane is one of a number of Hollywood celebrities, including Ellen DeGeneres, Jennifer Aniston and Meg Ryan, who collect and sell homes as a sideline. She was no stranger to building restoration since she watched her father do the same for most of her childhood.

In 2004, Diane bought the beach house for $7.5 million and worked her magic in the restoration, preserving and accentuating its fine original details. Taking two years to complete, she sold the 4,158-square-foot, four-bedroom, six-bath house in 2006 for $12.75 million. Impeccably maintained, it recently went back on the market priced at $15.989 million.

Listing agents are Hanz Radlein of Berkshire Hathaway HomeServices California Properties and Michael Johnson of Villa Real Estate.

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