Patricia Heaton's Hancock Park house, which was in escrow in three weeks, drew multiple offers, says guest Max Nelson of Deasy/Penner & Partners. He expects it will sell for above its $8.29 million asking price.

NBC and Olympics sportscaster Bob Costas and his wife, Jill, have bought a house in a gated community in Newport Coast for $4.7 million.

The more than half-acre lot contains a main house, a guesthouse, a saltwater swimming pool with spa, a cabana with a fireplace, a pool house with a kitchen and brick patios. There are four bedrooms, six bathrooms and 4,534 square feet of living space.

Costas, 60, has hosted nine Olympic Games.

Susan Scanlan and Darcy Ricci of Coldwell Banker Previews International were the listing agents.

Presidential premium in the Palisades

A home in Pacific Palisades that once belonged to President Ronald Reagan has sold for $5.211 million. The Midcentury-style house had been listed two months ago at $4.999 million. That's a 4% presidential premium.

Set on close to two-thirds of an acre in the Riviera neighborhood, the single-story house features floor-to-ceiling windows, a den with a wet bar, a flagstone fireplace, an island in the kitchen, four bedrooms, four bathrooms and 4,764 square feet of living space. The house opens to a swimming pool and patio with city and ocean views.

The property last sold in 1988 for $1.95 million, public records show.

Sally Forster Jones of Coldwell Banker's Beverly Hills South office was the listing agent. Michael Manheim of Prudential's Brentwood office represented the buyer.

A family effort in Toluca Lake

Actor Scott Baio and his siblings have sold their mother's Toluca Lake home for $3.15 million.

The 11,075-square-foot house sits on more than a half-acre of gated grounds. The expansive master suite includes a sitting room, two fireplaces, a gym, a sauna and an office. There are six bedrooms, nine bathrooms and a 10-car garage.

After roles in the sitcoms "Happy Days" (1977-84), "Joanie Loves Chachi" (1982-83) and "Charles in Charge" (1984-90), Baio gained a new generation of fans playing lawyer Bob Loblaw on "Arrested Development" (2005) and himself in "Scott Baio Is 45 ... and Single" (2007). He stars in the comedy "See Dad Run" (2012-present).

The property was purchased in 1994 for $1.305 million, according to public records.

Scott Sorrentino and Lisa Sorrentino of Rodeo Realty were the listing agents. Richard Stanley of Coldwell Banker's Los Feliz office represented the buyer.