Fashion model, actress and reality TV host Rachel Hunter has cut the asking price of her five-bedroom house just above Los Angeles' Sunset Strip to $2,999,999 after originally having listed it last fall for almost $3,600,000.

Hunter, 37, also is well-known as much for her marriage to rocker Rod Stewart, which lasted from 1990 to until 2006, although the couple actually had separated in 1999. She's also known for appearing in the music video for the Fountains of Wayne song 'Stacy's Mom.'

Hunter has owned three different L.A.-area homes since splitting up with Stewart. These have included a 3,227-square-foot house at 2570 Benedict Canyon Drive that was deeded to her by Stewart in 1999 and that she sold through her Beverly Park Trust in 2003; a 5,890-square-foot house at 4116 Sumac Drive in the Sherman Oaks area of Los Angeles that she purchased in 2003 through her Sumac Drive Trust and her Beverly Park Trust for exactly $2 million and sold in 2004 to movie producer Anthony Rhulen for $2,550,000; and the 4,078-square-foot house at 1644 N. Crescent Heights Drive in the Sunset Strip area that she is now selling. Hunter purchased the house in 2004 through those her Sumac Trust and her Beverly Park Trust for $2,425,000.

The Real Estalker's recent post on Hunter's price reduction is cautious about reporting that the house on Crescent Heights Drive really is Hunter's, given that it was purchased by a trust back in '04 and not by Hunter herself. However, public records show that on May 7, Hunter recorded a deed transferring the ownership of the Crescent Heights Drive house that she is now selling from those two trusts to her own name. That solidly proves beyond a shadow of a doubt the Real Estalker's information (which came from her source 'Rita the Meter Maid') that the house is Hunter's. In addition, a 2004 Los Angeles Times column by Ruth Ryon reported that Hunter at the time was 'said to have moved to the Sunset Strip area.'

Built in 1931, Hunter's home has 'charming character details everywhere you look,' according to listing information. Features include a new oversized master bath with a steam shower, a master suite with a loggia balcony with city views, an open kitchen, a mud room, four fireplaces, a larged finished basement/media room with storage, all behind gates, according to listing information.

Interestingly, two current listings online show different asking prices--*and*, different dates for open houses at Hunter's house. We'll list them all here. First, open houses are scheduled from 2PM to 5PM on Sunday, May 27 and from 11AM to 2PM on Tuesday, May 29, according to this listing sheet, which also reports that the asking price is now all the way down to $2,999,999. An open house apparently also is scheduled from 2PM to 5PM on Sunday, June 3 according to this listing sheet, which also (erroneously, we believe) still lists the house's asking price at the higher $3,395,000.

Stewart, 62, continues to live in his eight-bedroom, 18,794-square-foot mansion on 3.963 acres at 23 Beverly Park Terrace in the gated Beverly Park area of Beverly Hills that he and Hunter built in the early 1990s. That mansion was featured on the cover of the October 2004 issue of Architectural Digest magazine.

Rachel Hunter autograph matted & framed with Sports Illustrated swimsuit photo