$6.9 million Malibu mansion owned by Denise Richards now being rented by Angelina Jolie

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The mansion boasts six bedrooms and eight bathrooms and is situated on 1.4 acres
The property has two swimming pools and a grotto with hot tub like the one at the Playboy mansion
Richards purchased the estate in 2007 following her divorce from Charlie Sheen
The former Bond girl extensively remodeled the home and has been trying to sell it since June 2015
Jolie's new digs for herself and the children are located behind gates that are guarded 24/7

By Rachel Mcgrath For Dailymail.com

Published: 15:30 EST, 4 October 2016 | Updated: 16:56 EST, 4 October 2016

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Angelina's new gated hideaway in Hidden Hills is a spacious mansion owned by Charlie Sheen's ex-wife Denise Richards.

The 8,300-square-foot residence with six bedrooms and eight bathrooms was first purchased by former Bond girl Denise in 2007 following her divorce and she filmed her reality TV series It's Complicated there.

The former Playboy cover girl, 45, has since remodeled the home extensively, making it more Hollywood than country.

Celebrity-owned: Angelina Jolie's rental in guard-gated Hidden Hills is owned by Denise Richards who's spent several years redecorating and remodeling the 8,300-square-foot home

Hollywood glitz: The large lounge is more like a night club with a black and silver bar and matching bar stools, a red velvet banquette, red drapes and marble fireplace

Singletons: Richards bought the property in 2007 following her divorce from Charlie Sheen and filmed her E! reality show there before moving out in 2008; Jolie relocated to the guard-gated enclave with her six children after two weeks in a Malibu rental. She filed for divorce from Brad Pitt on September 19

The house, plus an 8700-square-foot cabana, sits on 1.4 acres and boasts two swimming pools and a grotto, like the famous one at Hugh Hefner's Playboy mansion.

It has a large night club-style lounge complete with a big black and silver wet bar with stools, red floor-to-ceiling curtains and red velvet banquettes.

A wine-tasting room boasts two floor-to-ceiling temperature-controlled cabinets, velvet lounge chairs and a shaggy rug.

Custom touches: A wine-tasting room features two floor-to-ceiling temperature controlled cabinets and art deco chairs in the home designed for entertaining

Family friendly: The kitchen has huge stainless steel appliances, mahogany cabinetry with granite countertops and a huge island with breakfast bar that's perfect for feeding hungry kids

Upscale: The formal dining room has a table that can seat 10 and a large glass chandelier along with sliding glass doors to a patio

Welcome home; The formal entry has a marble floor and an impressive staircase with leopard-print carpeting

The formal dining room has a table that seats 10 and a large glass chandelier.

The spacious gourmet kitchen features top of the range stainless steel appliances, dark mahogany cabinets topped with cream granite, a picture window and a large island with breakfast bar.

It has a wrought iron chandelier and a wall pizza oven and polished hardwood floors.

Relaxing space: Richards added 2,500 square feet to the house much of which went into creating a vast master suite that includes a bedroom, bathroom and walk-in closet

Room for clothes and more: The walk-in closet is more like a room with its own fireplace, banquettes and vanity area with a corset chair

Room to scrub: The shiny bathroom literally drips with light from an elaborate chandelier and has an enormous tiled shower, marble floor and a mirror-tiled clawfoot tub

The extremely spacious master bedroom and bathroom were added by Richards and include an enormous walk-in closet that has a fireplace, banquettes and a built in vanity area with a corset chair.

The bed is decorated in muted pastel shades and has an alcove sitting area and white carpet.

The ensuite marble bathroom offers a claw tub, custom vanities and a large shower.

The separate cabana is equipped with a built-in barbecue and outdoor kitchen, a dining area and a lounge area that has a stone fireplace and flat-screen TV.

There's also a large pet room with individual kennels and a chandelier that opens to an outdoor play area for dogs.

Let's eat out! The 800-square-foot cabana has its own outdoor kitchen including a grill and a pizza oven and a formal dining set

Outdoor living: The cabana also has a living area with fireplace and flat screen television

Party time: There's also a grotto and hot tub, like the one at the famous Playboy Mansion

Water park: The 1.4 acre estate has room for two free-form swimming pools as well as manicured lawns and lush landscaping

Richards vacated the home in 2008 and then spent several years remodeling and redecorating the property before listing it in June 2015 at $7.75 million.

In January, she dropped the price to $7.3 million and has since reduced the sale price again to $6.895 million after it failed to find a buyer.

Jolie moved to the estate from an oceanfront rental in Malibu where she'd been living with her children since filing for divorce from Brad Pitt on September 19.

They're with her: Jolie has temporary custody of her six children with Brad - Maddox, 15, Pax, 12, Zahara, 11, Shiloh, 10, and eight-year-old twins Vivienne and Knox. The family, minus Maddox, are pictured at Tokyo's airport in November 2011

Wants to offload home: Richards, pictured with ex-husband Sheen in 2002, has been trying to sell the estate since June 2015 and has lowered the listing price twice in the hopes of finding a buyer