Yikes, looks like the Ojai, Calif., home Reese Witherspoon bought for $5.8M back in March 2008 just sold for a (relatively) measly $4,983,500. After originally asking $10M for the Wallace Neff-designed equestrian ranch, the actress ended up selling at a, gulp, $816,500 loss. Curbed National has more. [Curbed National]
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