He and his then-wife, actress Scarlett Johannson, bought the property in 2010 for $2.9 million. The price of roughly $1,000 a square foot was considered high for the area at the time, according to local real estate agents.
Reynolds, 35, and Johansson, 27, were divorced last year after three years of marriage.
He starred last year in "Green Lantern" and "The Change-Up." He stars with Denzel Washington in "Safe House," set for February release.
Johansson starred last year in "We Bought a Zoo" and played Natasha Romanoff in the sci-fi adventure "Iron Man 2" (2010). She will star this year in "Under the Skin" and "The Avengers."