Matthew Perry has sold the Malibu mansion he turned Into a sober-living center for $12.5 million

Actor Mathew Perry is under contract to sell his modern Malibu retreat overlooking the ocean, according to the Wall Street Journal. The home had been listed for $12.5 million.

Known as the "Pier House," the estate sits on 2.5 acres in the celebrity-studded neighborhood of Serra Retreat. It has an outdoor pool, fire pit, and meditation garden.

Inside, the open design plan provides floor-to-ceiling views of the ocean with glass walls, a home theater, and expansive decks that overlook the water and Malibu Pier. The master suite takes up an entire wing of the home, and comes with a his and hers bathroom suite.

Perry famously turned the mansion into a sober living facility known as the "Perry House" last year. He'll be moving the "Perry House" to the more affordable Studio City neighborhood in Los Angeles.

Mark Rutstein and Greg Holcomb of Partners Trust Real Estate Brokerage and Acquisitions co-listed the property.