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                                                                                            LAST UPDATE ON DECEMBER 08, 2003

                                                                                                        Cybill Shepherd

Cybill downsizes as kids leave home           

Cybill Shepherd, who listed her San Fernando Valley home in September at just under $3.5 million, has sold the property for just over $3 million, and she has purchased a smaller house nearby for about $1 million.

The actress, who is single, said in September that she wanted to scale down now that two of her three children are away at school. She also has a riverfront home in Memphis, Tenn.

The San Fernando Valley home she sold is on about an acre, is behind gates and has five bedrooms plus maid's quarters in slightly under 7,000 square feet. The grounds have a guest house, tennis court, pool, spa and valley views.

The home she bought has valley views as well as three bedrooms in about 3,000 square feet, behind gates. The Cape Cod-style home was designed by Gerald Colcord and built in the early '60s.

Shepherd appeared earlier this year in the Showtime movie "Due East." She performed on the London stage in March, starred in her own sitcom, "Cybill," during the '90s, and co-starred earlier with Bruce Willis in the TV series "Moonlighting." The actress, 52, is developing a musical based on her life.

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