Gwyneth Paltrow has bid farewell to her Los Angeles mansion. The actress' 8,000 sq. ft. home, which sits on two-thirds of an acre in Mandeville Canyon, part of the upscale Brentwood neighborhood, has officially sold for $22 million, The Wall Street Journal reports.

Gwyneth Paltrow’s 1950s house in the Lower Mandeville Canyon neighbourhood of Los Angeles has sold for $US22 million ($AU35.2 million) after seven months on the market. It’s substantially less than her original asking price of $US29,990,000 ($AU48 million).

Gwyneth Paltrow's home in the ritzy Brentwood neighborhood in Los Angeles was threatened by the recent wildfires but ultimately untouched, and now it has sold for $22 million, reports the Wall Street Journal,

Less than a month after the Los Angeles wildfires threatened to destroy it, Gwyneth Paltrow’s longtime home in Los Angeles’ Brentwood area has sold for $22 million.

The Goop CEO more than doubled her money on the Brentwood estate she and her now ex-husband Chris Martin scooped up back in 2012.