June 22, 2008|Ann Brenoff, Times Staff Writer


Not everything on the market is languishing into the next millennium. Reese Witherspoon's ex-husband, actor Ryan Phillippe, recently bought a home in the Hollywood Hills for $7,175,000.  The house, which had been listed at $7.47 million, was on the market for 34 days. (Pessimists, take note.) The five-bedroom, seven-bathroom house has 8,300 square feet, according to the listing details. There are two master suites with an office area in each, a large living room and deck for parties and a media room with 14-foot ceilings. The outdoor living area includes a spa, a sauna and steam room, a fire pit and an Asian-style gazebo overlooking a pool. There's also a two-story gym.