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Celebrity Real Estate: Mike Love, Ryan Phillippe are selling

In celebrity real estate circles a few homes returned to the housing market. Actor Ryan Phillippe's house is for sale again, this time at a reduced price and Beach Boys' Mike Love relisted his estate in Pebble Beach.

Ryan Phillippe's home back on the market for $6.995 million

Real estate can be restorative, or perhaps that's what actor Ryan Phillippe was hoping when he bought a new home coined "Rising Zen" after his divorce from actress Reese Witherspoon.

After two years at the peaceful estate, Phillippe was ready to move on and put the property on the Hollywood Hills real estate market for $7.45 million in late 2010. However it wasn't the best timing for selling. With  the steady downtick of home prices and strong recession hitting much of the U.S., Phillippe's home didn't sell, and the listing was removed in 2011.


Seven months later, with a 6.1 percent price cut and new real estate agent, Phillippe is trying the market again. The home is listed for $6.995 million with Billy Rose of The Agency.

Built in 1998, the home was coined "Rising Zen" due to its combination of Asian and modern architecture. While the 5-bedroom, 6.5-bathroom count of this home is impressive in itself, the amenities that are even better. The home features a state-of-the-art, two-story gym directly off the master suite, a media room, art studio, koi pond, step-down bar with an aquarium backdrop, cook's kitchen with breakfast area, and floor-to-ceiling windows that offer fantastic city views.

According to Zillow's mortgage calculator, a monthly payment on Phillippe's home would be $25,157, assuming a 20 percent down payment on a 30-year mortgage.

The pool area has views of the Los Angeles skyline.Zillow


See more photos of Ryan Phillippe's home on Zillow.

Beach Boy would love to sell Tuscan-style Pebble Beach style

Mike Love's home includes several patio and deck spaces.Zillow


Mike Love has not changed his mind. The Beach Boys' baritone still wants to sell his Pebble Beach, California, home that has been re-listed for $5.995 million.

The Tuscan-style home has been on and off the market since 2008, when it was first listed for sale at $7.875 million.

The frontman's crash pad is up the coast from where he and his cousins Brian, Carl and Dennis Wilson, along with Al Jardine, created the lush sounds that changed pop music.

With seven bedrooms and six bathrooms, the nearly 9,000-square-foot house is a haven for good times, complete with formal and informal dining spaces, generous patios, wine cellar, elevator, exercise, entertainment and game rooms plus views of the Pacific Ocean.

Love and his wife, Jacqueline, told The Wall Street Journal that the reason for selling is a lifestyle change, now that their children are out of school. However, Love and his family have long made Lake Tahoe their primary residence. The family lives in an 18,000-square-foot home in Incline Village on the Nevada side of the lake.

Love also owns a co-op apartment on the Upper East Side of New York City that he and his wife teamed to remodel. The 3-bedroom, 3-bathroom condo at 300 E. 93rd Street had been listed for sale in late 2009.

Love, Brian Wilson and Jardine have reunited and are currently touring worldwide again as The Beach Boys, winning rave reviews for concerts across the U.S. and their new album, "That's Why God Made Radio."

Marble floors and columns dominate the interior of the home.Zillow
Lush greenery surrounds the home.Zillow

See more photos of Mike Love's home on Zillow.