The "American Hustle" financier, who just sold her Bird Street compound for $47 million, went into escrow on the actress' home -- but has since pulled out.

This story first appeared in the Dec. 6 issue of The Hollywood Reporter magazine.

After a Bird Street sell-off for a cool $47 million, financier-producer Megan Ellison reportedly has been on the hunt for a home office in Venice. Insiders report that the American Hustle backer went into escrow on Anjelica Huston's house designed by her late husband, sculptor Robert Graham.

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With its three-story artist's loft, interior courtyard, gallery, dance room and workshop, the property came to market for $18 million in May 2010. The price has been chopped at various points to its current $11.9 million. 

Alas, Ellison may not have been entirely sold on the area's ultimate live-work compound. The real estate-savvy producer has pulled out of escrow on what is proving to be a difficult-to-offload unit.