The Idol host pays a reported $11.5 million for the Hollywood home

By Stephen M. Silverman
Updated April 10, 2006 08:00 AM

Kevin Costner’s loss is Ryan Seacrest’s gain. The American Idol host and E! News anchor, 31, has bought the Rumor Has It star’s Hollywood Hills spread for $11.5 million, the Los Angeles Times reports.

Costner has owned the Spanish-style 10,000-sq.-ft. gated residence – which has five bedrooms, a media room, billiards room, tennis court, gym, pool, spa and staff quarters – since 1995, but has been too busy making movies lately to enjoy it, according to the Times.

Costner, 51, and wife Christine Baumgartner also have a home in Santa Barbara and a ranch in Aspen, Colo., where he rides horses and fishes, the Times says.