Just after ex-husband Ryan Philippe sold his bachelor pad in Los Angeles at a loss, looks like the "Legally blonde" star, Reese Witherspoon, will also be selling her home at a low price. Witherspoon's Ojai Estate has just shed a chunk of money and been listed for $7.25 million.
Located at Del Norte Road, Ojai, California, the 7-acre ranch was first listed in October 2012 for an asking price of $10 million. Witherspoon relisted the home in November again with a lowered asking price of $8.9 million. However, the estate failed to sell even then and has now received another price drop.
The Ojai estate has quite a celebrity history. The property was owned by actor Harold Ramis and designer Kathy Ireland before Witherspoon picked it up in 2008. Apparently, it also served as an 'escape' for Robert Pattinson when he first found out that girlfriend Kirsten Stewart was cheating on him! The home was also featured in 'House Beautiful' and 'Elle Décor'.
According to the listing records at Redfin, the estate has a main house, three guest cottages, barns, horse stables and huge pastures of sprawling greenery. The main home has four bedrooms and three bathrooms. Other features include a formal living room, dining room, library/study, a loft and a family room. The kitchen is a large bright modern space with a breakfast area. The home also has a laundry room.
Outside, there is a pool, an open patio, large organic gardens and a carriage houset. A detached covered parking garage accommodates guests' cars.
The estate also served as the wedding venue for Witherspoon and husband Jim Toth, when they tied the knot in 2012.
Reese said in an interview with 'Elle Décor' that she loved the property and that it brought back memories of her youth.
"It reminds me of growing up in Tennessee, where we spent all day outside. I wanted my children to have that experience, to get muddy and hang out with the animals. It is meditative and restorative. As soon as I drive through the gate, I relax. The air is fresh, the phone isn't ringing, you can't access e-mail. Time slows down. Within an hour I'm lying on that couch taking a big fat nap. It's like having a little bit of Tennessee in California," she said in the interview.
But if she loves her home so much, why is she so desperate to sell it?
"When you buy a beautiful piece of art, you don't really own it. You're just the caretaker," she added in the interview.
