Riolo

Val Riolo The median listing price in the area is $3.3 million, according to Zillow.com.

Luxury Real Estate: Relatively Affordable Homes 2011

Val Riolo A 960-square-foot, one-bedroom, 1½-bathroom apartment in a Beverly Hills, Calif. complex is listed for $599,000.

Luxury Real Estate: Relatively Affordable Homes 2011

Val Riolo The sale price is 38% less than the $4.3 million Ms. Ellison paid for the estate in 2007.

Private Properties 2012

Val Riolo Scott Prather of Nourmand & Associates had the listing, which was purchased by a trust.

Private Properties 2012

Val Riolo Ms. Ellison is the 25-year-old daughter of software mogul Larry Ellison; her Annapurna Pictures has several movies slated for release next year.

Private Properties 2012

Val Riolo Film producer Megan Ellison has sold her 10.4-acre property Topanga, Calif., for $2.7 million.

Private Properties 2012

"So the children can literally walk out of their classroom into nature," Mr. Riolo says.

Hastings Waterfront Draws Newcomers Melanie Lefkowitz 2012

"It's kind of the future," says Arthur Riolo , co-owner and broker of Peter J. Riolo Real Estate and a lifelong resident, says of the waterfront.

Hastings Waterfront Draws Newcomers Melanie Lefkowitz 2012

"Right now there's a pretty strong migration from Brooklyn to Hastings," Mr. Riolo says.

Hastings Waterfront Draws Newcomers Melanie Lefkowitz 2012

Val Riolo The property has a five-bedroom house, a lighted tennis court and a 40-foot pool, according to listing information.

Private Properties 2012