Ex-Yahoo President Decker

Pays $5.1 Million in California

Susan Decker, who quit in January as president of Yahoo after the company hired Carol Bartz for the top job of chief executive officer, has paid $5.1 million for a waterfront home in Marin County.

Once viewed as a candidate to succeed Jerry Yang as CEO, Ms. Decker spent about two years as president after a successful run as chief financial officer. But her last year proved problematic: Among other things, she advised Yahoo's board to reject Microsoft's acquisition offer, angering Wall Street.

The two-story Belvedere, Calif., home, which Ms. Decker bought through a limited-liability company, sits at the tip of a lagoon on the Tiburon Peninsula and has five bedrooms and 5 1/2 baths. The property has a deck, yoga room and landscaped garden with small pond. The seller is Michael Chen, a retired Taiwanese businessman who built the roughly 4,500-square-foot home in 1994, replacing a house he'd purchased in 1989 for $1.27 million. Olivia Hsu Decker and Karen Plastiras of Decker Bullock Sotheby's International Realty had the listing.

Since resigning, Ms. Decker has focused on her board directorships and started as an "entrepreneur in residence" at alma mater Harvard Business School; she'll work with students interested in start-ups.

Packard Bell Founder Agrees

To Sell New York Condo

Packard Bell founder and real-estate investor Beny Alagem and his wife, Adele, have gone into contract to sell their three-bedroom condominium in New York's exclusive 15 Central Park West. The asking price was $24 million, more than 50% higher than their $15.4 million purchase price last year.

Mr. Alagem, 56 years old, founded Packard Bell Electronics in 1986; it's now part of Packard Bell NEC. Since resigning from the company in 1998, he has invested in such real-estate purchases as the Beverly Hilton Hotel in 2003 and the Hilton Los Cabos Beach and Golf resort in 2006.

Neighbors in the Robert A.M. Stern-designed building, completed in 2008, include Sanford Weill, Daniel S. Loeb, Sting and Nascar driver Jeff Gordon. Amenities include a lap pool, theater and dining room for owners. The Alagem apartment has a master bedroom facing Central Park and, in the western wing, two guest bedrooms and a library paneled in leather, according to the listing.

The buyer and purchase price could not be learned. The listing agent was Richard Wallgren of Brown Harris Stevens.

Nicolas Cage Sets NYC Sale

On New York's Fifth Avenue, a condo owned by actor Nicolas Cage has gone into contract after being listed for $9.75 million.

In the Olympic Tower, built in 1975, the five-room, 48th-floor apartment has 3,550 square feet of living space including three bedrooms, three baths and a powder room. Floor-to-ceiling windows offer views of the Empire State Building and the Hudson River. The home went on the market in July. Mr. Cage had bought the condo, once two units, in 2004 and 2005 for a total of $5.5 million.

The Oscar-winning actor has bought and sold houses in many places -- among them San Francisco, New Orleans and Bath, England. Cordelia Robb of Brown Harris Stevens had the New York listing.