Lifestyle Home Matthew Perry Sells Malibu Beach House for $13.1 Million - See Inside! The Friends star purchased the beachfront property for $12 million in 2011 and listed it for sale in August 2020 By Nicholas Rice Nicholas Rice Instagram Twitter Associate Editor, PEOPLE People Editorial Guidelines Updated on January 25, 2021 08:30 PM Share Tweet Pin Email Photo: Anthony Barcelo. Inset: John Lamparski/Getty Matthew Perry is officially saying goodbye to his beautiful Malibu beach house. In August 2020, PEOPLE reported that the Friends alum, 51, had put his four-bedroom, three-and-a-half bathroom home on the market for $14.95 million, listed with Million Dollar Listing star Josh Flagg and his husband Bobby Boyd, both of Rodeo Realty. Now, the property has sold for $13.1 million - $1.85 million less than the original asking price. Luis Robledo from Douglas Elliman represented the buyer. Perry purchased the beachfront property in a 2011 off-market deal valued at exactly $12 million, according to Variety. The publication reports that the 5,500-square-foot home sits along one of Malibu's most "prestigious" streets. Never miss a story - sign up for PEOPLE's free daily newsletter to stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories Perry has shared several photos taken inside the home on Instagram in the past year, including one calling out a group of beachgoers taken amid the ongoing coronavirus pandemic. "This scene from my patio," he wrote in May 2020. "No masks, one foot apart. This is the thing that makes me want to scream. Until I remember that I have a kick-ass Malibu house." Other posts show him hanging by the home's fire pit, baking cookies and taking in the spectacular sunset. Million Dollar Listing's Fredrik Eklund & Josh Altman Team Up to Sell $28M Home After Settling Dispute Anthony Barcelo Anthony Barcelo The "loft-like" two-story home features floor-to-ceiling windows that allow for stunning views of the Pacific Ocean, according to the listing, as well as wood floors and exposed beams. The kitchen opens up to a large living space and dining area and features custom cabinets and high-end, commercial-style appliances. Anthony Barcelo Anthony Barcelo The massive master suite on the second floor spans the entire width of the home and comes with a separate sitting area, as well as an over-sized dressing room and a cozy bathroom. There is also a screening room that seats a small group and a private, shaded outdoor hot tub area. Anthony Barcelo Anthony Barcelo Anthony Barcelo Earlier in 2020, Perry slashed the price of his luxurious Los Angeles penthouse that first hit the market in August 2019. The sprawling West Century Drive apartment was originally listed with Greg Holcomb and Cassandra Petersen of Compass for $35 million, and the realtors have dropped the price to $27 million in July. The listing now shows the property to be "temporarily withdrawn." Matthew Perry Drops Price of $27 Million L.A. Penthouse (Which Comes with a Bat Cave!) by $8 Million Described in the listing as a "mansion in the sky," the nearly 9,300-square-foot home has four bedrooms, eight bathrooms and four terraces boasting city views. At the time it was first listed, the property was the most expensive condo for sale in L.A., according to Page Six. Perry purchased the apartment - which occupies the entire 40th floor of the building - in 2017 for $20 million, according to property records. In November, the actor revealed exclusively to PEOPLE that he proposed to his longtime girlfriend, Molly Hurwitz, 29, whom he began dating in 2018.