Josh Groban has decided to slash a significant amount from his original asking price for his Malibu property.

According to the Los Angeles Times, the home was recently offered on the market at $4.995 million, but it now has a listing price of $4.695 million. The singer purchased the retreat home a decade ago for $4.125 million, and Groban tried to sell it initially for $6.1 million, the Times added.

The Luxury Home

As the Times described, the private luxury home of the charismatic singer is sitting on about two acres of Malibu high land. The almost $4.7 million celebrity home includes a guesthouse apart from the main house which consists of four bedrooms.

New owners will find interesting activities to do while staying in this Malibu home. Why not? After all, the home is in a hot vacation spot.

Outside, there's a lighted tennis court and an outdoor entertainer's area that will surely spice things up this summer. A swimming pool, equipped with a spa and waterfall feature, completes the next residents' staycation.

Inside, the hosts and guests alike will be treated in style with amenities like a wine cellar, a music room or a studio area, and a game room that comes with a bar.

If a buyer seeks seclusion in a wonderful paradise, matured trees on the grounds serve the right amount of privacy for the dwellers. The lush and masterfully-landscaped grounds also add beauty to the home.

Interested buyers of the home of the singer who has sold over 25 million albums worldwide, may contact Christopher Cortazzo of Coldwell Banker Residential Brokerage, the property's listing agent, according to the Times.

Groban, a risk taker

The crooner is known for singing classical songs but he isn't afraid to apply the genre to contemporary tracks. When Time asked him if he feels like he has the same freedom that Kelly Clarkson is enjoying in her career, Groban said, "Absolutely."

"There needs to be more risk-taking out there. I think that things like Twitter and the blogosphere are so instantaneously critical that I think it'€™s actually created a bit of a culture of artistic fear to branch out too much because you don't want to be slammed. It's great if you'€™ve got an instrument then can do all things, then go for it! Try different things! I don't usually think of it in terms of it 'Maybe I'€™ll go country next' or '€œMaybe I'€™ll go R&B next' I'll try to use some of those influences when I can within the record."