Ryan Phillippe Cuts Price On Hollywood Hills Bachelor Pad (PHOTOS)

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Ryan Phillippe is slashing the price of his Hollywood Hills mansion after trying to unload it for nearly two years.

The 37-year-old actor paid $7.1 million for the home and moved into it after his 2007 split from Reese Whiterspoon. In 2010, he listed the dwelling for $7.45 million but attracted no buyers. The asking price today: $6.95 million.

What are the details of the discounted pad?

The 7,500-square-foot gated home boasts five bedrooms and seven bathrooms, along with a swimming pool that his children with Witherspoon — Ava, 12, and Deacon, 8 — have enjoyed over the years.

The highlight of the home is a giant master suite, which takes up a whole level of the house and includes two baths and a gym.

To see all the pics of Phillippe’s lavish home,  click through the gallery above.

Do you think it’s worth its new asking price? Sound off in the comments.

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