He recently purchased the dazzling residence in the San Fernando Valley for $5.3 million. 

The home was originally listed for $5,395,000 in November, so Wayans scored a slight deal—especially when you factor in the hot Los Angeles-area market, where bidding wars often drive prices above asking.

A complete teardown and rebuild, the property was previously sold for $1.6 million in October 2020. Construction began, and one of the most stunning residences north of Ventura Boulevard was completed late last year.

“Located in the celebrity enclave of Encino’s Amestoy Estates, this property has all the features and amenities one could need or want,” says the listing agent, Carol Wolfe of Rodeo Realty. JoAnne McKenzie of Sotheby’s International Realty represented Wayans.

Among those unique amenities is a massive great room with a soaring gabled ceiling, as well as an impressive black-and-white marble fireplace.

At the other end of the great room is an open kitchen with a waterfall-edge center island, a walk-in pantry, and Thermador appliances.

The great room includes a spacious dining area and a highly chic bar.

The residence was built with entertaining in mind, and its other luxe features include a home theater and a multipurpose media/game room.

Outdoors, there’s more room for active entertaining around the pool, with a Baja shelf and spa. Other outdoor options include the basketball/sports court, a fire pit, and the barbecue pavilion and dining loggia.

There’s also a cabana at the back with a half-bathroom, perfect for guest accommodations or a home gym.

When it’s time to rest, there are four guest/family bedrooms and a spacious primary suite that stands alone. It includes a fireplace, a kitchenette, and well-appointed walk-in closet. The primary bathroom features lots of light, custom cabinetry, and a free-standing soaking tub.

Wayans, 49, got his big break in the 1988 film directed by his brother Keenen Ivory Wayans, “I’m Gonna Git You Sucka.”

He went on to collaborate with his brother Shawn Wayans on the sitcom “The Wayans Bros.” and in such big-screen comedies as “Scary Movie,” “Scary Movie 2,” and “White Chicks.”

He’s also appeared in dramas including “Requiem for a Dream,” and, most recently “Respect,” in which he plays Aretha Franklin‘s first husband.