Oscar-winning actress Reese Witherspoon has been busying herself these days by updating her real estate portfolio. She is said to be surreptitiously looking for a new owner for her Pacific Palisades mansion, according to Variety.
Citing Hollywood real estate insiders, Variety reports that Ms. Witherspoon and her talent agent husband Jim Toth are asking just shy of $20 million.
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Ms. Witherspoon's publicist did not have an immediate response about the sale of the property.
Property records show that the couple paid $12.7 million in August 2014, when the mansion was still under construction by then-owner "starchitect" Ken Ungar. The Colonial-style residence has five bedrooms and five bathrooms, totaling around 10,000 square feet.
The finished basement includes a couple of staff bedrooms, a full gym and professional-grade screening room, according to Variety. The rear of the house opens to an outdoor living room that overlooks the lawn and an infinity-edged swimming pool. Additionally, the property is equipped with a comprehensive state-of-the-art security system.
Ms. Witherspoon previously owned a three-property compound in the guard-gated Brentwood Circle enclave in Los Angeles. She sold that for $13.61 million in 2014, through two separate transactions, according to Variety.
Her real estate portfolio includes at least four houses in her hometown of Nashville, including a 1930s white brick Colonial on six-and-a-half acres, which she bought in 2014 for $2 million, according to Variety.
Write to Fang Block at fang.block@dowjones.com