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Diane’s at it again.

Actress and serial home buyer-renovator-seller Diane Keaton is selling her Pacific Palisades home for $8.5 million, according to the LA Times. Keaton is notorious for buying homes and decorating/designing them to the hilt, then selling. Last year, she listed her Beverly Hills home — a Ralph Flewelling-designed Spanish Colonial Revival — for $12,995,000 and it’s still for sale, but reduced to $10,495,000.

As the LA Times reports, Keaton’s renovations include:

  • Lloyd Wright’s Los Feliz landmark Samuel-Novarro House (she sold to Christina Ricci)
  • Wallace Neff-designed Spanish-style estate in Beverly Hills (sold to Madonna)
  • Bel-Air hacienda designed in the style of George Washington Smith
  • Spanish-style hillside home in Laguna Beach

According to public records, Keaton purchased the home in 2007 for $9.1 million and is selling it for a loss, not to mention the money and work she put into the home, which includes restoring the woodwork and built-ins, opening up the second floor to create a loft-style master bedroom with walls of glass, landscaping and putting in that special Diane Keaton touch. See more photos of Keaton’s Pacific Palisades home.

Take a look at Architectural Digest’s slideshow on Keaton’s Beverly Hills home.

> See more Pacific Palisades real estate

> See Pacific Palisades home values

(Photos courtesy LA Times)

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