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James purchased the 3,626-square-food, four-bedroom, four-and-a-quarter bathroom property for $3.5 million in 2003. After he decided to relocate to Austin, Texas, the house was made available in April at a wildly optimistic $6,750,000.
The Academy Award-winning Bullock owns properties in LA, Tybee Island in Georgia, New York City, Austin and New Orleans.