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He was hit with several accusations of sexual misconduct and assault, which he vehemently denied in a statement earlier this year.

And Russell Simmons, 60, has now decided to sell his 'peaceful retreat' in Los Angeles for $8.25 million - which he purchased for a much lower $5.877 million in 2013, to be closer to his two daughters, Ming, 18, and Aoki, 15.

Parting with the property - which comes with its own swimming pool and yoga studio - seems to have been a difficult decision for the Def Jam founder, who revealed the house was 'designed to help [him] in [his] quest for inner peace' back in 2015.

Time to sell: Russell Simmons listed his peaceful retreat in Hollywood Hills for $8.25 million complete with a swimming pool and yoga studio on Monday... as he continues to battle sexual assault allegations

Russell's palatial property was originally built in 1937, and is well-placed above the Sunset Strip in the western Hollywood Hills.

The sprawling estate, spanning across 14,321 square foot, boasts a 6085 square foot home, complete with five bedrooms, a wine cellar, a swimming pool and several spacious living spaces.

Given a Mediterranean feel that reflects his love of Buddhist philosophy and rituals, the entrepreneur's house is also described as being inspired by Bali.

Getting away from it all: Russell's palatial property was originally built in 1937, and the lavish retreat is well-placed above the Sunset Strip in the western Hollywood Hills

Allegations: The music mogul, 60, currently faces several accusations of sexual misconduct and assault, which he vehemently denied in a statement earlier this year

Welcoming: Once inside the fully gated property, visitors will be left in awe by the Spanish floral display that welcomes them as they reach the home's large, stone entrance

Once inside the fully gated property, visitors will be left in awe by the Spanish floral display that welcomes them as they reach its large, stone entrance.

Giving a glimpse at the gorgeous retreat from the outside, guests are welcomed by an intricately decorated hallway that boasts several stand-out art pieces - including Shepard Fairey’s 'Hope' poster of Barack Obama.

Walking through the winding hallway, vast reception rooms await on either side, providing visitors with their first glimpse of the property and its lavish artwork.

Adorned with intricately detailed Buddhist statues and imagery, a plush living room acts as the perfect rest stop where homeowners and their guests can catch up and relax.

Well decorated: Walking through the winding hallway, vast reception rooms await on either side, providing visitors with their first glimpse of the sprawling property and its lavish artwork

Cosy: Adorned with intricately detailed Buddhist statues and imagery, a plush living room acts as the perfect rest stop where homeowners and their guests can chat in the relaxing space

Pretty: Another plush sitting room features floor-to-ceiling windows that gives the area a bright, open feel as guests chat the night away by a roaring fireplace

Another plush sitting room features floor-to-ceiling windows that gives the area a bright, open feel as guests chat the night away by a roaring fireplace.

The home's artistic theme continues into the dining room, where paintings and photographs line the walls while a candlelit chandelier gives the room a chic flair.

And on those warm summer nights, homeowners can also enjoy their meal under the stars as they step out into one of the many recreational areas, fitted with its own barbecue. 

Stylish: The home's artistic theme continues into the dining room, where lavish paintings and photographs line the walls while a candlelit chandelier gives the room a chic flair

Stunning: And on those warm summer nights, homeowners can also enjoy their meal under the stars as they step out into the cool night air and relax in one of the many recreational areas which is fitted with its own barbecue

Comfy: Guests can then retire to another rest area, which sits next the grand swimming pool and features bright red furniture that's perfect for relaxing in the sunshine thanks to its own removable cabana

Guests can then retire to another rest area, which sits next the grand swimming pool and features bright red furniture that's perfect for relaxing in the sunshine thanks to its own removable cabana. 

If homeowners wish to seek peace and tranquillity, they will be well provided for as an outdoor balcony features the perfect space for yoga, as a wooden carving of Buddha watches on.

The stunning outdoor area also has even more fun for the whole family, as a large swimming pool gives the whole family another great space to relax.

But that's not all, as the home is fitted with its own underground wine cellar that has plenty of space for beverages to be stored for a party or special event.

The home was no doubt the perfect place for Russell to 're-dedicate himself to spiritual learning' - having stepped down from his various businesses last year.

The hip hog mogul has been laying low in recent weeks after being accused of rape by three women in December 2017. He has repeatedly denied the claims, in court documents filed in April this year. 

Perfect for meditation: If homeowners wish to seek peace and tranquillity, they will be well provided for as an outdoor balcony provides the perfect space for yoga, as a wooden carving of Buddha watches on

Well-fitted: But that's not all, as the home is fitted with its own underground wine cellar that has plenty of space for beverages to be stored for a party or special event

Spread out: The 14,321 square foot estate boasts five bedrooms, a wine cellar, a swimming pool and a spacious living space across 6085 square foot home