Oscar-winning actress Sophia Loren and her husband, film producer Carlo Ponti, have sold their 40-acre California ranch, which had been listed for $6.9 million.

The property, known as "La Concordia," is in Hidden Valley, about 30 miles northwest of Los Angeles. The four-bedroom Craftsman-style main house has exposed wooden beams, an enclosed courtyard with a fireplace and a glass-enclosed dining room. The property includes a guest house, pool house, converted stable used for staff quarters, orchard and two swimming pools.

Ms. Loren and Mr. Ponti bought the property in the 1980s and used it as a summer retreat, according to listing agent Stacy Richardson of Dilbeck Realtors, an affiliate of Christie's Great Estates. The Pontis' two sons also lived in the home on and off, Ms. Richardson adds, but the property hasn't been used much in recent years. (Ms. Loren and Mr. Ponti live in Europe.) "It definitely needs work," Ms. Richardson says.

The couple put the property on the market last December for $8.9 million and later cut the price. Ms. Richardson wouldn't comment on the sale price or identify the new owners, but public records list the buyer as Robert Bradway.

Ms. Loren, 72 years old, known for such films as "El Cid" and "Marriage Italian Style," won an Academy Award in 1961 for "Two Women" and also got an honorary Oscar in 1990. Producer Mr. Ponti, who turns 94 next week, is best known for the 1965 epic "Doctor Zhivago."

Actress Tuesday Weld is looking to sell her Montauk, N.Y., home for just under $10 million.

The 1.2-acre oceanfront property is on a bluff, not far from the center of the Eastern Long Island village. There's a five-bedroom main house, a one-bedr
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