By Cristin Zweig
Ryan Phillippe is more than $1 million poorer after the sale of his Hollywood Hills home. Property records show that the former Mr. Reese Witherspoon sold the Los Angeles home last Friday for $6 million. That's $1.175 million LESS than what he paid for the place when he purchased it in 2008 for $7.175 million.
Phillippe's now-former 7,600-square-foot home has five bedrooms and 6.5 bathrooms, and it was marketed as an "utterly secure and private Zen modern retreat nestled in the hills just above the Sunset Strip." The gated property is located on more than a half-acre with killer city views. Characterized by spacious, bright, open spaces, the home is impressively large, but apparently not large enough to warrant a full-price offer.
The home comes complete with a two-story entry hall, which Phillippe converted to a gym, as well as a home theater, cook's kitchen, a swimmer's pool with underwater speakers and spa, several outdoor entertaining spaces, outdoor kitchen, sauna and phenomenal indoor-outdoor flow. Phillippe gave this home sale his best shot, originally listing it multiple times for about $7.45 million. With no buyers at that sky-high price, Phillippe cut his losses and finally parted with his retreat at a rather "Cruel" sum.
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