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Hanks buys home in Malibu Colony

Actor Tom Hanks has purchased the Malibu Colony home of director John Frankenheimer for close to its $3.25-million asking price. Hanks, who co-starred in the 1990 film The Bonfire of the Vanities, also starred in such films as Splash (1984), Dragnet (1987) and Big (1988). Frankenheimer, who directed the Cold War thriller The Fourth War, released in March, also directed such films as The Manchurian Candidate (1962), Birdman of Alcatraz (1962) and The French Connection II (1975).

The property is on the beach north of Los Angeles, behind the gates of Malibu Colony.

Built in 1928 but recently remodeled, the two-story house has two bedrooms downstairs and one bedroom upstairs in about 1,800 square feet. The master bedroom has a balcony and an ocean view.

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