Jason Bateman Drops $3M to Buy Which Actor's Home?

'Arrested' Season 4
Mae Whitman talks the return of 'Arrested Development'. Watch »

Jason Bateman is about to live in a house worthy of an Oscar winner -- literally.

According to Trulia, the Arrested Development star and his wife, Amanda Anka, closed a $3 million deal on Jan. 23 to live in a home occupied by the late Ernest Borgnine, who died late last year of kidney failure.

So, what will the hefty price tag get them?

Among the many amenities: five bedrooms; seven bathrooms; a paneled library; a formal sitting room; a private guesthouse; and nice views of Mulholland Drive.

Who knew Borgnine had such spacious and stylish digs?

For more on Bateman's new home, click through the gallery, above.

After getting canceled by FOX in 2006, Arrested Development will return for another batch of episodes (14, to be exact) in May, on the popular streaming website Netflix.

The show's entire original cast will return for the much-anticipated reboot.

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