BRENTWOOD—“All in the Family” sitcom creator Norman Lear is selling his Brentwood estate for $39.95 million, a reduction from a listing price in 2015.

Lear originally wanted $55 million for his 14,000-square foot property last year, which was listed with Fred Bernstein of Westside Estate Agency. The price was dropped about $15 million now that Lear plans to keep the three-bedroom guesthouse for himself, reducing the total of the 10 acres property sale down to 8.3 acres.

According to The Real Deal, Lear and his wife decided to sell the home because they no longer need a large property now that their children are grown. If they are unable to find the ideal property, they plan to move into the three-bedroom guesthouse.

The property contains seven bedrooms, eight full bathrooms, a two-story library, a tennis court, a gym, a screening room, staff offices and a garage that can store up to 35 cars. Lear, now age 94, has lived in the home for close to 30 years after acquiring it in the late 1980s.

Lear is a television writer and producer who won multiple Emmy Awards for “All in the Family” and produced other sitcoms including “Sanford and Son,” “One Day at a Time,” “The Jeffersons,” “Good Times,” and “Maude.”