Inside Diane Keaton’s Stylish Real Estate Portfolio

Also in 2007, Keaton picked up a home known as the Alfred Newman House, which was also designed by Frank Lloyd Wright’s son. Set on 1.4 acres in the Rustic Canyon area of the Pacific Palisades, the 4,386-square-foot midcentury-modern dwelling boasted five bedrooms and four bathrooms, with brick and concrete interior accents. Keaton updated the kitchen, restored the woodwork and built-in furniture, and converted the second floor into a primary-suite space with glass walls. Her time and investment paid off—though she purchased the estate for $9.1 million, she sold it for $10.75 million just two years later.

2012

One of Keaton’s more unexpected real estate purchases was a Cape Cod–style home in the Pacific Palisades (given her penchant for colorful tile and warm, Spanish Colonial aesthetics). The actor paid $5.6 million for the relatively new pad, which was completed in 2009. It featured all the trappings of a celebrity oasis—a home theater, a gym, two wet bars, a wine room, and a rooftop deck facing the ocean—with six bedrooms and nine bathrooms spread across three levels. Out back there was an outdoor living room with its own fireplace, a swimming pool, and a spa. Keaton made a few cosmetic changes and listed the home for $6.995 million in 2015.

2017

A few years later Keaton began what would become perhaps one of her biggest architectural endeavors. She designed and built her current residence, the eponymous house at the center of her third book, The House That Pinterest Built. Situated in Sullivan Canyon, the home measures 8,000 square feet and is quite literally the amalgamation of inspirational photos Keaton collected over the years. “I follow my impulses just like I did with acting,” she told AD about piecing together the light-filled, industrial feel she so loves. “I fell in love with the bricks, and I fell in love with the mortar. I wanted to have space between the bricks so they could have a life of their own.”

2018

Keaton’s next project took her to the desert. The Oscar winner picked up a historic Barrio Viejo home in Tucson, Arizona, for $1.5 million. The structure, originally built in the late 19th century, was the perfect canvas on which Keaton could leave her mark—according to reports, she upgraded the kitchen, added oversized light fixtures in the exposed wood-beam living room, and added a swimming pool to the backyard. She even added a roughly 20-foot water tower and a detached cabana. The actor likely wasn’t looking to make a long-term investment in the area, however, as she flipped the property right back onto the market for $2.6 million in 2020 amid the pandemic.