Hot Property: Ryan Phillippe buys Hollywood Hills home for $7,175,000

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, according to area real estate sources.

The house, which had been listed at $7,470,000, 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 patio with a chef’s barbecue, a spa, a sauna and steam room, a fire pit and an Asian-style gazebo overlooking the pool. There’s also a two-story gym.

The 33-year-old Phillippe began his acting career on the soap opera “One Life to Live,” where he played a gay teenager. His 2006 breakup with Witherspoon came replete with rumors of another woman. The other woman was said to be actress Abbie Cornish, 25, who starred with Phillippe in “Stop-Loss.” They denied romantic involvement at the time. But Cornish and Phillippe are an item now and don’t deny it.

His other acting credits include “Breach” (2007), “Flags of Our Fathers” (2006) and “Crash” (2004).

Mia Trudeau of Hilton & Hyland had the listing, according to the MLS CLAW, and Kathleen M. Holland of Coldwell Banker represented the buyer.