Bargain buyer
By PageSix.com Staff
January 3, 2011 | 5:00am
Drew Barrymore wireimage
Drew Barrymore has snapped up a six-bedroom, five-bath, Mediterranean-style mansion for about $7 million in the tony Santa Barbara enclave of Montecito. Barrymore, 35, whose films have grossed more than $2.3 billion, saved more than $1 million on the original asking price for the 3.5-acre estate, whose neighbors include Oprah Winfrey, Rob Lowe, John Cleese, Billy Baldwin, Steve Martin and Kirk Douglas. "It's in need of some cosmetic work, having been built 72 years ago, but it's quite an impressive pad," said Montecito Journal columnist Richard Mineards.