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SOLD! Ryan Phillippe Finally Sells Sunset Strip Home, Loses A Million Dollars on the Deal

Ryan Phillipe is more than a million dollars poorer after the sale of his Hollywood Hills home! Property records show that the former Mr. Reese Witherspoon sold the home on March 15, 2013 for $6,000,000. That’s $1,175,000 LESS than what he paid for the place when he purchased it on May 30, 2008 for $7,175,000.

Phillipe’s former home has 5 bedrooms, 6.5 bathrooms, 7,600 square feet, and was marketed as an “utterly secure and private Zen modern retreat is 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 2-story entry hall, which Ryan converted to a gym, as well 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.

Ryan gave this home sale his best shot, originally listing it multiple times for about $7,450,000. With no buyers at that sky-high price, Phillipe could put a stop to his loss, and finally parted with his retreat at a rather ‘Cruel’ sum.