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

Related To:

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.

Peek Through (Almost!) the Entire Home

See All Photos

Shop This Look

Next Up

Things First-Time Flippers Always Say and Live to Regret

"Hope," as Emily Dickinson writes, "is the thing with feathers." Renovation, in turn, is the thing with nasty surprises and delays and OH GOD, WHAT IS THAT STAIN.

Karen + Mina Are "Just a Couple of Likable Gingers"

Dynamic mother-daughter duo Karen and Mina are back for a second season of Good Bones. Here's a sneak peek from the season-premiere episode.

'Good Bones' Season Two is Headed Your Way

Those mighty Indy women, Mina and Karen, are back for a second season of home renos and rescues in their city's historic neighborhoods.

We've Got Big News for Fans of 'Flipping Virgins' and Egypt Sherrod

Flipping Virgins moves into prime time with more new episodes from season two.

'Good Bones' and the Case of the Forgotten New-Build Home

Mina and Karen head back to Woodlawn Ave. to rescue a partially finished new-construction home that was abandoned halfway through completion.

Mina and Karen's Strategy for Conquering the World

Well, maybe not the world, but Good Bones season two premieres Tuesday, May 30, and we've got updates.

Mina and Karen's Magical Cottage on the Hill

The good ladies of Good Bones create a cottage charmer with a contemporary coastal vibe.

A Growing Family Returns to 'Home Town' Life

Erin and Ben Napier help a returning resident and her family transition back from big-city lights to small-town living.

These Photos Prove the Property Brothers Are Really Country Kids at Heart

Underneath the suits, ties and hair gel (ahem, Jonathan,) the Scott brothers are really nature-loving farm kids. Watch as they return to their roots in their new series, 'Property Brothers at Home on the Ranch.'

From Loft Life to a Homey House in the Suburbs

Home Town’s Erin and Ben Napier help some long-time friends transition from downtown living to a family-friendly home with a great outdoor space.

Meet the Team

Get to know the talented writers and editors of HGTV's show and design blog. 

Go Behind the Blog

From the Archives

Take a look back at our past posts, from entertaining and design trends to up-and-coming HGTV shows.  

Read All Our Past Posts