Olympic gold medalist Lenny Krayzelburg has sold his 3,454-square-foot house in Los Angeles' Hollywood Hills area for $3,575,000.


In a Big Time Listings exclusive, we can report on Krayzelburg's sale of his gated, three-bedroom house at 1831 Marcheeta Place in the Hills, which he first had listed last fall for ridiculous amounts -- $5,675,000 and $5,250,000 -- and then reduced significantly until it was up for $3,995,000 at the time it went to contract. (He had paid $2,610,000 to purchase the house in early 2007, as we had first reported.

Now, we can report that Krayzelburg closed on the property on May 13, with the deal being recorded on June 12. The buyers are not celebrities.

Built in 1963, the house has a nearly 45-foot-long great room with 12-foot ceilings and a glass wall of fire, three and a half baths, and a unique entry waterfall, according to public records and listing information. The house has been redesigned (to what extent, we’re not sure) by designer Roy Sklarin, according to listing information. Outdoor features on the 0.41-acre (17,755-square-foot) lot include a newly built pool and spa with numerous waterfalls and a built-in barbecue, according to public records and listing information.

Krayzelburg continues to own a 1,572-square-foot condominium unit in West Hollywood, which he has owned since buying it in 1998 for $250,000, according to public records.