Actor Ryan Phillippe recently bought a $7.175 million home in Hollywood Hills. It had been listed at $7.470 million. But unlike many homes today, this one was only on the market for a little over 30 days. Not everything is in a slump, apparently.

And we’ll let you in on a secret. Once you see the pictures of this place, you’ll see exactly why it was snapped up. The five-bedroom, seven-bathroom house is decorated in an Asian zen style. It’s even named “Rising Zen.” It has two master suites with offices, a media room, and a gorgeous deck complete with a bbq, spa, sauna, and good-sized pool. And the views aren’t half bad, either.

Some of the details are pretty incredible. Take a look at that kitchen: double ovens, nice center island, large kitchen sink. Is that a subzero fridge we see? The dining room has a shoji screen, the living room looks like it could seat about 20 people.

Phillippe’s divorce from actress Reese Witherspoon was finalized recently. He’s now seeing Australian actress Abbie Cornish, while Witherspoon has been linked to Jake Gyllenhaal.

You can see a couple of slideshows of the place (links courtesy of our friends at Big Time).