A contemporary in Malibu currently owned by Joe Simpson, father of music stars Ashlee and Jessica Simpson, hit the open market this summer with a $4.5 million asking price. But a price cut soon followed, bringing the price down to $3,995,000.

The home’s interior living area spans 5,340 square feet; it contains four bedrooms and six baths. The three-level home also contains shared living spaces with very high ceilings, French oak plank floors, and custom cabinetry. The master boasts his-and-hers walk-in closets/dressing rooms, as well as a fireplace.

Outside the master bedroom lies one of the home’s finer amenities: a private patio with a bar and a spa. Other amenities include a guest suite, a roof deck, and elevator, and a .4-acre lot with tiered landscaping; that’s not the end of the property, however, as a second lot is included, and comes with plans for extending the outdoor living area with a pool and summer kitchen.