Penn Buys in Malibu for $3,800,000

Penn buys in Malibu for $3,800,000.

No, I'm not referring to myself but rather to the Oscar-winning actor, Sean Penn, who recently purchased a 4500 sq ft ranch-style home in Malibu.

The 1.4 acre property on Grayfox Street in Malibu, was originally listed for $8,750,000 and subsequently reduced to $4,449,000.

After being on the market for about 10 months, Penn closed escrow in August this year for $3,800,000.

Seems like he's not only a great actor but a great negotiator too!