Katie Holmes Buys Calabasas Home For $3.7 Million

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They are saying bye to the Big Apple!

Katie Holmes just purchased this Calabasas home for $3.7 million after relocating from New York to California with daughter Suri.

The 6,200 square-foot estate is described as an "extensively customized Grand European Manor" and boasts 5 bedrooms and 5.5 bathrooms, as well formal living and dining rooms, a guesthouse, pool, fire pit, outdoor kitchenette, and a sports court. The house sits on a half acre of gated property.

The abode is located in The Oaks, which is a gated community where neighbors include Kourtney and Khloe Kardashian, Katherine Jackson, Toni Braxton, and Lil' Romeo.

Apparently the actress wanted her daughter to grow up in a more kid-friendly city and she was anxious to get closer to Hollywood so she can work on rebuilding her film career, which took a major hit when she married Tom Cruise and lived in his shadow until their divorce.

It's not Dawson's Creek, but it's still pretty picturesque!

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