1) Tom Jones sold his Bel-Air house for $4.25 million to Spanish designers Miguel Rueda and Mario Ruiz. The four-bedroom home is on a 2.5-acre promontory with canyon, city and mountain views. Perks include a black-bottom swimming pool and a gated motor court with parking for 10 cars. Jones also owns another home in the area, as well as numerous homes in the UK. [LA Times]
2) The Orange County family that purchased Falcon Lair, the 1924 Benedict Canyon home of Rudolph Valentino, plan to spend two years refurbishing and restoring the estate. The family purchased the home, which was previously owned by wine critic Robert Balzer and tobacco heiress Doris Duke, for nearly $6 million. [LA Times]
3) Looking to unload, billionaire investor Kirk Kerkorian shaved $7 million, or 28%, off the price of his six-bedroom Beverly Hills home. Now it's yours for $18 million. [WSJ]
The listing is here here (via Luxist.com).