Entertainment executive John Sykes has acquired a unique 1941-built house in Santa Monica's prestigious neighborhood for $7.9 million. The property, with panoramic views, sold last fall for $9 million, reappeared at $9.5 million, and Sykes secured it at a discounted price.

Summary of transaction details:

• Property Type: Single Family
• Transaction Amount: $7,850,000
• Location: Santa Monica
• Asset Type: Single Family
• Size: 3,922 square feet
• Price per Square Foot: $2,002
• Buyer: John Sykes
• Brokers: Frank Langen & Tara Rodgers - Compass

John Sykes, an entertainment executive, has acquired a unique 1941-built house located in Santa Monica's prestigious neighborhood. The property offers panoramic views and was sold for a discounted price of $7.9 million. The transaction took place last fall, with the property initially selling for $9 million. It later re-entered the market at $9.5 million before Sykes secured it at the lower price. Representing the buyer in the deal were brokers Frank Langen and Tara Rodgers of Compass.