Octogenarian TV personality Ed McMahon has reduced the asking price of his 7,013-square-foot, Mediterranean-style mansion in the gated Summit neighborhood in Beverly Hills, Calif. for a second time, from $6,999,000 to $6,750,000. The house first was listed last year for just under $7.7 million.

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McMahon, 84, purchased the house for $2.6 million in 1990, according to a Los Angeles Times article that year. Built in 1989, the mansion has all kinds of nice features, like decorative fireplaces, a master bedroom suite that overlooks the yard and the canyon, a pool, spa, lanai, library, sauna, sound studio and canyon-to-ocean views, according to listing information and an L.A. Times article from 2006. At the same time, selling the mansion would be, we would think, not so easy, given that a broken water pipe in July 2001 flooded the mansion's den and damaged memorabilia from the entertainer's long television career. Mold subsequently was discovered in the house's den, and it spread through the house's heating and air conditioning ducts into McMahon's bedroom, into closets and even was found under the Jacuzzi in the master bedroom. The mansion eventually had to be gutted, and a $20 million lawsuit that McMahon filed in 2002 against his insurance company, insurance adjusters and several environmental cleanup contractors eventually was settled out of court for a reported $7.2 million.

Check out the house's listing sheet--complete with plenty of photos--here and here.

It's not clear where McMahon is headed once he unloads this house. However, a Los Angeles Times article last July that first wrote about McMahon's listing reported that the onetime sidekick to Johnny Carson "wants to move closer to the heart of Beverly Hills."