has slashed the price of his Malibu mansion by $1 million. The former Friends
star, who battled alcohol addiction in the past, recently put his beachfront property in the affluent Serra Retreat neighborhood back on the market for $12.5 million after turning it into a sober living facility for recovering addicts. The 44-year-old actor, who last starred on the big screen in 17 Again
, first listed the lavish house, which sits on 2.5 acres and is known as The Pier House, at the end of 2011 but failed to attract a buyer.
He took it off the market in early 2012 and revamped it into a rehab clinic, Perry House, with a 12-step workshop and meditation
program, but is now hoping to offload it and is expected to move his rehab center to a more affordable space in Studio City in Los Angeles, according to the Los Angeles Times