The 11,246-square-foot home has been on the market since 2019, when the original list price was $22.9 million.

Reid bought the place in 2016 for just under $18 million, and if he can get $1,912 per square foot he could still make a handsome profit.

The Grammy Award-winning record producer, who has worked with the likes of Mariah Carey and Justin Bieber, dropped the price of the property to $21.9 million and put it back on the market last year, according to Dirt.

Despite the discount, the home failed to find a buyer and was withdrawn from the market in December.

The gated, seven-bedroom, 10-bath mansion is located in the Bel Air neighbourhood of Los Angeles. After Reid purchased the property, which was built in 2014, he reportedly made his own improvements.

The three-storey hillside retreat is surrounded by gleaming floor-to-ceiling windows designed to soak up the California sun.

The modern foyer showcases a lighted staircase and a striking chandelier.

The spacious living room is surrounded by walls of glass and offers spectacular views of the nearby canyon.

Other main floor highlights include a sleek custom kitchen with an oversized island and natural wood cabinetry.

This private one acre property offers many places to enjoy the magnificent views. The main level has huge glass doors that open to the covered patio at the back.

Above, a first floor terrace wraps around most of the back of the house and overlooks the pool area.

Reid founded Hitco Entertainment and has won three Grammy Awards. In addition to writing the best-selling memoir "Sing to Me", he was a judge on the first two seasons of the reality show "The X Factor".