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Jane Fonda’s Los Angeles Home Sells for $8.5 Million

The movie star first listed her house in January 2017 for $13 million

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Jane Fonda’s Los Angeles home has officially sold for $8.535 million—one-third less than the "Grace & Frankie" star originally asked.

The architectural home that Ms. Fonda, 79, purchased with her ex-beau, music producer Richard Perry, closed on Wednesday, according to listing records. She and Mr. Perry, 79, first listed the home last January for $12.995 million at the same time they announced their amicable split.

Over the past year, they’ve since chiseled the price down by $3 million, according to listing records.

The buyer is not yet identified in property records.

The three-bedroom house is located in the celebrity-rich Trousdale Estates neighborhood of Beverly Hills. It spans 7,100 square feet, with five bathrooms and impressive canyon and ocean views, according to the listing with Jade Mills and Valerie Fitzgerald for Coldwell Banker Global Luxury. The listing agents did not immediately return request for comment.

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The former celebrity couple bought the home together in 2012 after looking at more than 30 houses, Ms. Fonda said in a video marketing the home.

"The day we pulled in through the gate," Ms. Fonda said, "I took one look at this house and I knew. …This was the place where we could live very happily," she said.

The couple paid $7.29 million, according to property records.