The 37-year-old actress first put the estate – where she tied the knot with husband Jim Toth in 2011 – on the market one year ago for $10m but was forced to slash the price after failing to attract buyers.
According to Celebuzz, a buyer has come forward to purchase the sprawling Spanish property for $5.9m, just $100,000 more than Reese paid for it for in 2008.
Relief! No doubt Reese Witherspoon will be
relieved to have finally sold her Ojai estate although she will not be
happy about having to slash $4m off the asking price
It's also where Reese's Water For Elephants co-star Robert Pattinson took refuge in 2012 after news broke that his girlfriend Kristen Stewart had cheated on him with her Snow White And The Huntsman director Rupert Sanders.
Spanish charm in Southern California: The 5,000 square foot main home has four bedrooms
Rustic charm: The nearly 100 year old house was
built by famed architect Wallace Neff and has rod-iron details and a
wood beam ceiling
This is where Reese slept! The master bedroom has a view of the horse stables
The famed property is one of the most inviting in Ojai, which is a 60 minute drive north of Los Angeles.
'This Ojai escape is an ideal second home for Hollywood-types,' Cristin Zweig of Trulia told MailOnline.
Memories: Reese tied the knot with Jim Toth at
her Ojai estate in 2011 and the couple have spent time their with their
baby son Tennessee and Reese's children Ava and Deacon from her marriage
to Ryan Phillippe
The main house is 5,000 square feet and has four bedrooms, and three-and-a-half bathrooms.
There are also three guest cottages on the property that add another four bedrooms.
There are also three guest cottages on the property that add another four bedrooms.
His hideaway: The property is where Robert
Pattinson holed up after news broke that his then girlfriend Kristen
Stewart had a fling with married director Rupert Sanders in 2012
Not a bad spot to read a script: The Oscar winner placed three couches in this living room alone
A chef's kitchen: Dinner for 50 can easily be whipped up in this large space that features a mega island
Ava can bring a friend: One of the guest rooms has two in-the-wall beds
The sprawling ranch style estate was built in 1923 by famed Pasadena architect Wallace Neff. It began as a barn and in the 1940s architect Austen Pierpoint made it into a home.
There are bears in those hills: The estate is surrounded by lush vegetation and steep mountains
Perfect for a growing family: The mother of three had plenty of space to let her kids run free
Plenty of room: The estate features several guest cabins for out-of-towners
Even more outdoor space: This is a horse lover's paradise
Natural light floods the structures which have windows everywhere.
The property, which the Mud actress has nicknamed Libbey Ranch and has called 'meditative,' has been featured in both Elle Decor and The Hollywood Reporter.
The New Orleans-born previously actress said this retreat was like 'having a little bit of Tennessee in California.'
It's also where she often took her three children, Ava, 14, Deacon, 9, and Tennessee, one.
Famous neighbors include Ted Danson and Julie Christie.
Keeping it simple: The barn on the property features an old-fashioned oven and a chandelier
Take a dip: A pool and adjoining hot tub sit on the property, perfect for those hot summer nights
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