Scott Baio and Family in Toluca Lake, Estate of the Day

We first heard that Scott Baio had listed today's home in Toluca Lake, California back in July. Baio, who sold his Encino home in September for $2.5 million, is selling this seven-bedroom home, which belonged to his parents, along with his brother Steven, and sister Stephanie. This home was listed for $5.395 million back then but has since had a price cut.

The 11,000 square foot house has seven bedrooms, eight baths, a 26,000 square foot gated lot, guest house, and a pool in the back yard. The late Mario Baio bought the home in 1994 for $1,305,013 according to property records. But the house is too large for just their mother to live there alone anymore, according to the family. The home is designed for family life with both media and game rooms. It has a redone kitchen with granite countertops and Subzero and Gagganeu appliances. The downstairs master suite has a sitting room, fireplace, separate gym and office. There are three other downstairs suites. The home has a 10 car garage and also has an additional 1,500 square feet of interior space that could be used for a wine cellar or studio. Scott and Lisa Sorrentino of Rodeo Realty are listing the property which is now at $4.995 million. The property website is here.