HOUSE OF THE DAY: Producer Jerry Weintraub Has Finally Sold His $42.5 Million Malibu Estate

Jerry Weintraub, producer of box office hits like The Karate Kid and Oceans 11, has finally sold his 6.25-acre Malibu complex after nearly two years on the market, the Los Angeles Times reports. It was apparently purchased by fashion mogul Serge Azria. The home had been listed for $42.5 million, but the sales price has not been disclosed. Weintraub bought the property in two pieces, four acres in 1978 for $950,000, and 2.25-acres in 1980 for $450,500. Several years ago, he listed it for $75 mill...