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The larger of the parcels was once owned by trumpet-blowing musician and record executive Herb Alpert.
Hannah had the property on and off the market between April 2011 and March 2013 with an asking price that started at just under million but was later dropped to .25 million.
She has a total of 24.5K followers on Twitter, and it proves her popularity in the social networking giant site.
Records show that a petition for dissolution of marriage was filed on July 29, in San Mateo, California, where they reside.
Pegi served as inspiration behind some of Young's song and also sang with him in concert at times.
The Daily Mail posted pictures of their get-together, and in one photo, Hannah, 53, gives Young, 68, a big smooch on the cheek.
This could very well just be a platonic friendship, however, insiders tell Us Weekly the stars are dating."She's a huge Neil fan," a source said.