Just Reduced: Reese Witherspoon's Ojai California Ranch

You would think celebrities would have an easy time selling their posh mansions but it looks like they suffer from the same market conditions as us regular folks due.  

Having originally listed her Ojai, CA Ranch for sale for $10 million last September the house has now been reduced by $2.75 million to $7.25 million. 

The house known as Libbey Ranch is absolutely stunning.  It was orginially a barn built by famed architect Wallace Neff that was purchased and renovated by famed (and one of my favorites) interior designer Kathryn Ireland before Reese Witherspoon became it's owner.

The house is 5000sq ft and boasts 9 bedrooms, 7 baths, and 7 acres of land with a horse farm.  

 

 

 
 So what do you think?  Would you pay $7.25 million for this horse ranch?

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