Set on about 1.75-acres on Lake Sherwood, the property has more than 500 feet of waterfront. The 3,600-square-foot main house, built in 1946, has three bedrooms and three bathrooms. Additional structures include a boat house, guest quarters and caretaker's quarters.
Stallone, 64, starred as boxer Rocky Balboa in the "Rocky" movies starting in 1976 and John Rambo in the series that started with "First Blood" (1982). More recently he starred in "The Expendables" (2010).
Public records show he purchased the house in 2008 for $4.85 million. An adjacent lot he bought at the same time is listed at $1.65 million.
Jordan Cohen of Re/Max Olson & Associates, Westlake Village, is the listing agent.