The 13,508-square-foot home includes an expansive backyard with a cascading waterfall, koi pond and dining terrace
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matt Damon home
Frazer Harrison/Getty; Alexis Adams
| Credit: Frazer Harrison/Getty; Alexis Adams

Matt Damon is officially saying goodbye to his Zen-inspired Los Angeles home.

The Good Will Hunting actor, 51, put his Pacific Palisades-area residence on the market for $21 million in January, listed with agent Eric Haskell of The Agency. Now, PEOPLE can confirm the home has sold for $18 million — $3 million less than the original asking price.

The 13,508-square-foot home sits on one of the area's most desirable streets, according to the listing, and boasts seven bedrooms and 10 baths.

The interior features a mix of materials including natural stone and warm woods, including in the central, light-filled atrium with 35-foot mahogany vaulted ceilings.

matt Damon home
Credit: Alexis Adams

Sitting on over half an acre, the home is surrounded by lush greenery and is one of the largest properties in the Upper Riviera neighborhood.

matt Damon home
Credit: Alexis Adams

An open-plan living and dining room are lined with clerestory windows and Asahi glass walls, allowing tons of natural light to flood into the space.

matt Damon home
Credit: Alexis Adams

A chef's kitchen features custom mahogany cabinetry, Bluestone countertops and stainless-steel Viking, Wolf and Miele appliances.

matt Damon home
Credit: Alexis Adams

The primary suite boasts a private terrace, dual dressing rooms, a massage room and a spa-style bath with a soaking tub and expansive shower.

matt Damon home
Credit: Alexis Adams

The interior also includes amenities like a game room, bar, office, gym, media room, staff quarters, wine storage and a tasting room.

matt Damon home
Credit: Alexis Adams

Outside, an expansive backyard awaits, and homeowners can take advantage of a children's play area, large pool and spa, cascading waterfall and a koi pond.

matt Damon home
Credit: Alexis Adams

The yard also features a Hawaiian-inspired patio space with a covered lounge and alfresco dining terrace for entertaining.

matt Damon home
Credit: Alexis Adams

Damon, who has been married to wife Luciana Barroso since 2005, spent much of 2020 in Ireland filming the movie The Last Duel, which was released last month.  

He teamed up with friend Ben Affeck to co-write the script for the film (which they both also star in) alongside Nicole Holofcener (Enough Said). The project is their first writing collaboration since 1997's Good Will Hunting, which earned them both an Oscar for Best Original Screenplay and Robin Williams a win for Best Supporting Actor.