Rumor Has It... sitcom star (Cougar Town, Friends) and well-known real estate freak and design fiend Courtney Cox and her estranged actor/producer husband David Arquette have covertly off-loaded their architecturally thrilling mid-century modern residence in Beverly Hills, CA.

Patty Propertyseller—you may remember her from today's earlier rumors about Madonna's Bev Hills house—told us she heard the Trousdale Estates treasure, originally designed by by A. Quincy Jones and re-worked by talented lady architect (and A. Quincy Jones expert) Cory Buckner, was in escrow. Another source, let's call her Helen A. Hightower, whispered in Your Mama's ear that she heard the down-low deal was all but complete and the buyer is a scion of an illustrious and powerful American dynasty.

Property records don't yet reflect a transfer of ownership and neither of our plugged in sources slipped us a sale price but the children may recall back in mid-September (2011) we heard from trusted informant Ivana Blowarealestatewhistle that the erstwhile Cox-Arquettes were in stealth preparations to make their Trousdale Estates property available off-market with a sky-high but not, so was the consensus amongst Your Mama's compadres, unreasonable price tag of somewhere around $20,000,000. 

Make of this celebrity real estate smoke what you will but for now it's all just some rumor and gossip, kids, rumor and gossip.

Property record and other online resources reveal Miz Cox and Mister Arquette acquired the low slung, nearly five thousand square foot single story residence just minutes from the Sunset Strip and downtown Beverly Hills in mid-June 2004 for $5,450,000. The Bizzy Boys at Celebrity Address Aerial show the Cox-Arquettes also picked up the house next door in late 2008 for an undisclosed amount of money.

Last year Miz Cox spent $2,050,000 up a 1,672 square foot, high-floor condo crib at the star-studded Sierra Towers building for use as her in-town pied a terre, according to tattle tale Anna Falactic. The real estate, architecture and design aficionado recently completed a Michael Kovac (architect) and Trip Haenisch (nice-gay decorator) headed overhaul of a sprawling bluff-top compound in Malibu, CA she bought in early 2007 for $17,150,000 and had photographed in all it's glory for the July/August 2011 issue of Elle Decor.

Just prior to that acquisition she and Mister Arquette sold a rather heavenly John Lautner-designed house on Malibu's Carbon Beach to then-married now bitterly-divorced Frank and Jamie McCourt for $27,250,000. The McCourts quickly dropped another $19,000,000 to snatch up the much more modest beach shack next door. Speaking of Jamie McCourt and her over-stuffed property portfolio, stay tuned for a little real estate dish about her humongous house in Los Angeles' hoity toity Holmby Hills 'hood.

aerial photo (top): Pacific Coast News
swimming pool and view photo (bottom):  Cory Buckner Architects