Drew Barrymore Drops Asking Price On Santa Barbara Mansion (PHOTOS)

Drew Barrymore's sprawling estate in the Montecito neighborhood of Santa Barbara, Calif., which she listed in May, has taken a little hit when it comes to the asking price.

To get things moving, Barrymore's real estate team shaved $600,000 off the initial asking price of $7.5 million (eight percent of the asking price) last week, bringing the new price down to $6.9 million.

Real estate blog Trulia first reported the reduction.

The actress bought the home in 2010 for $5.7 million, according to public records. She re-decorated it to suit her "quirky nature" (and growing family), and it was also the site of her low-key yet lavish wedding to art consultant Will Kopelman in June 2012. The big day's guests included Reese Witherspoon and Cameron Diaz, reports People magazine, and the festivities were located in the "backyard" of Barrymore's two-acre property.

Speaking of the property itself, the two-story home has six bedrooms, 7.5 bathrooms and lots of parking. The grounds also contain a separate two-story guest house and loads of rose bushes, flowering trees and fruit trees, according to the official listing.

Megawatt stars like Oprah Winfrey, George Lucas and Ellen DeGeneres and Portia de Rossi all maintain properties in the easygoing Santa Barbara area. While it's just 90 minutes or so away from Los Angeles (on a good traffic day), there aren't any paparazzi -- and the locals aren't fazed by celebrity, notes the Hollywood Reporter.

Suzanne Perkins of Sotheby's International Realty in Santa Barbara is the listing agent for this home. Photos courtesy of

Drew Barrymore's Montecito Mansion