Joe and Tina Simpson are selling their home in Encino, CA, and have already dropped the price by $400,000.
The home, which the Simpson's purchased for $2,100,000 in 2001 after daughters Jessica and Ashlee Simpson rose to fame, was listed at the beginning of October, and is currently on the market for $3,995,000.
Described as "storybook country English," the home sits on 1.5 acres at 3830 Hayvenhurst Drive, Encino, CA 91436. The grounds include a pool and spa with grotto waterfall, putting green, fireplace and fire pit, and sports court, as well as a play structure for the grandchildren.
Inside, the home includes formal living spaces with vaulted ceilings and luxury detailing. A spiral staircase leads to 6 bedrooms, three of which are suites. The house also includes a home theater, office and gourmet kitchen with Viking appliances.
More photos below.
More photos and info at Zillow