The ranch-style house on three park-like acres in Malibu was once home to actress-singer Olivia Newton-John and actress and Sally Field. Current owners Mike Jones, former CEO of Myspace, and his wife, Jennifer, are asking $7.49 million for the home.

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A Malibu, Calif., estate with decades of Hollywood ties and less than six degrees of separation between the film “Grease” and the social network Myspace is on the market for $7.49 million.

Among previous owners of the two-story ranch-style home is “Grease” star Olivia Newton-John, who sold the property to television producer Neal Marlens and his wife, producer and writer Carol Black, in 1994.

A decade later, Oscar-winning actress Sally Field acquired the property from Marlens and Black for about $4.8 million. She would sell the house to the current owners, former Myspace CEO Mike Jones and his wife, Jennifer, in 2011 for $5.65 million.

Set among tall oaks on more than 3 acres, the park-like setting includes a separate guesthouse, a swimming pool, a lighted tennis court, a horse paddock, a greenhouse and a tepee. Nearby trails provide access to more than 2,000 acres of parkland.

A great room with a fireplace, a remodeled kitchen, a dining room and a playroom lie within 6,000 square feet of white-walled space. Beamed ceilings, wood floors, built-ins and walls of picture windows retain the home’s classic vibe.

The master suite has an office/library, a fireplace and his-and-hers baths for a total of five bedrooms and 5.5 bathrooms.

A separate guest suite has its own office.