Gellar and Prinze Jr. Cut L.A. Mansion Price by $700,000

Sarah Michelle Gellar and Freddie Prinze Jr. have reduced the asking price of their Los Angeles mansion by $700,000, just three months after first listing the property. The couple initially listed their Mandeville Canyon home in May for $10.5 million. The new asking price is $9.95 million, according to an exclusive report by Realtor.com®. Gellar, aged 49, and Prinze, aged 50, purchased the residence in 2002. They paid $6.1 million for the five-bedroom, six-bathroom estate, which encompasses over 7,300 square feet. The property is situated in Mandeville Canyon, an area described as one of Los Angeles' "most private and sought-after residential enclaves." The home features a Hamptons-style design. The couple, who share two children, decided to list their home in May as they prepared to "move onto their next chapter." The recent price reduction aims to attract potential buyers. The Mandeville Canyon area has a history of celebrity residents. Chelsea Handler owns a property nearby, and Gellar's "Cruel Intentions" co-star Reese Witherspoon previously resided in the neighborhood before selling her home in 2022. Property records indicate that the couple also briefly listed the mansion for rent in March 2025, with a monthly asking price of $60,000. Listing images suggest that Gellar and Prinze Jr. have already vacated the premises. The property's location in Mandeville Canyon offers significant privacy, a key selling point for high-profile individuals. The estate's substantial square footage and number of bedrooms and bathrooms cater to a luxury market. The decision to reduce the price by a significant amount so soon after the initial listing suggests a motivated seller, possibly influenced by market conditions or a desire for a swift sale. The initial purchase price of $6.1 million indicates a substantial potential profit margin even with the reduced asking price, depending on the final sale figure. The couple's long tenure in the home, having purchased it in 2002, suggests a deep connection to the property and the neighborhood. The inclusion of details about their children and wedding year adds a personal touch to the property's history. The mention of "Cruel Intentions" and Reese Witherspoon provides context within the entertainment industry, a significant factor for potential buyers in this Los Angeles enclave. The rental listing also provides insight into the property's potential income-generating capabilities. The fact that they have moved out may indicate a desire to streamline the selling process, removing personal belongings and making the home more accessible for viewings. The substantial price cut of $700,000, representing approximately 6.7% of the original asking price, is a notable adjustment in the high-end real estate market.