Wilmer Valderrama Sells His Hollywood High-Rise Panty-Dropping Palace for $800,000

It must be nice to pocket $1.7 million in just four months.

And if you’re Wilmer Valderrama, that’s the amount of dough that went right into his already sizable bank account after he recently sold some pricey L.A. properties, Celebuzz has learned.

It was only a couple months ago that the That ’70s Show star unloaded his Tinseltown bachelor pad overlooking the Hollywood sign for $817,000, which is now up for rent for a cool $5,500 a month.

The actor/producer bought the stunning 2-bedroom loft in 2007 for close to $1 million big ones and took a financial hit six years later, according to property records. But the NYC-style living and million dollar views were probably worth it.

Valderrama decided it was time to give up the lap of luxury in the city courtesy of his high-rise condo’s huge open floor plan, soaring 14-foot ceilings, walls of windows, and all those awesome rooftop pool parties for the quiet life in suburbia where he’s had a sprawling Tarzana, Calif., spread since 2005.

CB! has also learned that while Demi Lovato’s boyfriend has been in the market to sell, sell, sell, he also recently dumped pad No. 2 in Encino, Calif., last August for $890,000 after he splashed out $1.099 million for it in 2006. Now, the house is up for sale for more than $1.2 million, per property records.

And we can see why Valderrama kept the investment property for so long — it may seem small-ish, but looks are deceiving. The 5-bedroom digs have more than 3,800 square feet inside with a massive open floor plan that includes a spa master bath, private balcony, walk-ins, huge entertaining rooms, and nearly 3,000 additional square footage outside with a stone waterfall pool and built-in BBQ on the deck.

With these two cribs sold off and some extra cash in his coffers, no wonder the From Dusk Till Dawn: The Series star decided to take his $3.5 million Tarzana party pad off the market just last month.

After all, he needs somewhere to hang his hat.

Go inside his newly-sold Hollywood high-rise loft in the CB! gallery above.