Ron de Salvo of Coldwell Banker, Beverly Hills, has co-listed the property with John Nelson of Coldwell Banker, Palm Springs.

Ballplayer has a deal brewin'

Milwaukee Brewers outfielder Ryan Braun has purchased a foreclosed home in Malibu for $4.85 million.

The five-bedroom, seven-bathroom gated Mediterranean has ocean views and sits on more than an acre with a swimming pool, spa and built-in barbecue. The interiors include three fireplaces and travertine and hardwood flooring. There is a two-bedroom, one-bathroom guesthouse and a movie theater for a total of 7,587 square feet of living area.

Since selling for $4.2 million in 2004, the property had been through a series of owners and transfers before ending up as bank-owned. It was listed at a high of $8.9 million in 2007 and had been marketed at $5,299,900 since the fall.

Braun, 25, started in the majors in 2007 with the Brewers and took the National League rookie of the year title and several other rookie awards. He grew up playing baseball in Granada Hills.

The listing agent was Susan Schneider of West Hills Realty, Beverly Hills.

The house that denim bought

Update: "Gossip Girl" co-creator and producer Josh Schwartz and his wife, Jill, have sold their 1928 Los Feliz home for $2.15 million.

The house was purchased by Tim Kaeding, former creative director for the jeans and clothing company 7 for All Mankind, and his wife, writer and painter Heather Collins. Kaeding is currently starting a new jeans company, and Collins' forthcoming debut novel is represented by Trident Media Group.

The gated Spanish-style house has five bedrooms and 5 1/2 bathrooms in 3,468 square feet. There is a hand-carved vaulted ceiling in the living room, a wine cellar in the library and a swimming pool with spa.

Schwartz, 32, purchased the property for $2 million in 2004. He has numerous executive producer and writing credits, including "Chuck" (2007-09), "Gossip Girl" (2007-09) and "The O.C." (2003-07).

Jeff Yarbrough of Keller Williams Realty, Beverly Hills, had the listing. Patricia Ruben of Sotheby's International Realty, Los Feliz, represented the buyers.

lauren.beale@latimes.com