Malibu is Now Xanadu; At Least For One Buyer

It took singer Olivia Newton-John almost a year to find a buyer for her Malibu home, but she can now apparently sing "You're the One That I Want."

Newton-John, who withdrew her house from the market last month, just closed escrow at more than $10 million, according to area real estate sources and public records. The house had been most recently listed at nearly $11.5 million.

The buyer is a trust representing Patrick Kevin Morris and his wife, Gaby Morgerman - both entertainment industry heavyweights. Morris is an entertainment lawyer and Morgerman a senior vice president at William Morris Agency. They own another Malibu house that is on the market.

The Newton-John listing, after 354 days, was about to expire when it disappeared in December from the Multiple Listing Service. It is not unusual for celebrities to withdraw their homes from the market once they are in escrow, hoping the sale will escape public notice.

The Mediterranean-style house has four bedrooms and seven bathrooms in 6,482 square feet. The 1.28-acre compound includes a pool, a spa and a two-bedroom guesthouse.

The gated neighborhood is no stranger to celebrity owners. Newton-John bought the property in 2004 for nearly $6 million from the widow of actor Charles Bronson, and Britney Spears used to live next door.