Kanye West to Sell
Beverly Hills House

Hip-hop star Kanye West has agreed to sell his Beverly Hills, Calif., property for about $8 million, less than a year after he bought it for $7.15 million.

Located in the Beverly Hills flats, south of Sunset Boulevard, the 0.8-acre property came with a house, but the listing calls it a "teardown," meaning the property was sold for its land value. The sale includes a design for a contemporary home by a "world-renowned architect," the listing says.

The six-time Grammy award-winning rapper and producer listed the property in the fall for $8.7 million with broker Alexander Davis of Hilton & Hyland. Mr. Davis declined to comment.

In 2006, Mr. West, 30 years old, paid $1.25 million for a small apartment in New York's SoHo neighborhood. Mr. West couldn't be reached for comment.

In the past five years, Mr. West has racked up a host of hits ("Gold Digger," "Stronger") and critical acclaim. His third album, "Graduation," is up for the Album of the Year Grammy award on Sunday.

Hirshhorn Estate Sells for $30 Million

The former home of Joseph Hirshhorn, who gave his name to a renowned Washington art museum, has sold for $30 million. One of the largest recent sales in the suburbs of New York City, the deal was 21% below the original asking price.

The 22-acre Greenwich, Conn., estate was the original site of the self-made mining mogul's sprawling sculpture garden, which included works by Auguste Rodin, Constantin Brancusi and Henry Moore.

In the 1960s, with institutions from Israel to New York seeking his 6,000-work collection, the Latvian-born financier donated it to the U.S., to establish the Smithsonian Hirshhorn Museum and Sculpture Garden on the National Mall. He died in 1981.

The hilltop English Norman-style manor house, built in 1939, has views of Long Island Sound and the New York City skyline. The seller had restored the house and land extensively, a person familiar with the deal said. Names of the buyer and seller couldn't be learned.

There are indoor and outdoor pools, two greenhouses, two master suites, a tennis court and a billiard room. The 23-room manor went on the market in mid-2006 for $38 million, according to broker-listing data. David Ogilvy of Christie's Great Estates had the listing.

Aviation Owner's Deal

Jet-charter company owner Todd Rome has agreed to sell his Southampton, N.Y., home, fully furnished, for $11.5 million. That's close to double what he paid for the 1.8-acre property in 2005, $6.08 million.

The 9,800-square-foot house, near the end of mansion-lined Gin Lane, has seven bedrooms, with an ocean view from a lookout tower. Mr. Rome -- who owns Blue Star Jets, one of the largest private jet charter brokers in the world -- landscaped the property and decorated the 1996 house but made no significant renovations, he says. Ray Smith of Prudential Douglas Elliman has the listing.

Next door, developer H.B. Gianos of East End Properties has begun work on Olde Towne, a subdivision meant to recall the Hamptons of yesteryear.

In 2006, he paid $33.5 million for the subdivision's 50 acres, one of the largest remaining developable parcels in Southampton village, and is creating a two-acre village green and planting more than 400 mature trees. The seven four-acre lots are to be priced between $15 million and $20 million. Jay Flagg of Prudential Douglas Elliman is representing the development.

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