The "Green Lantern" actor bought the traditional-style home for $1.749 million and had been leasing it out for $5,200 a month in recent years, the newspaper said.
The 1,789-square-foot house includes solar heating, tankless hot water and impact-resistant French doors. It also features open-concept living areas, two bedrooms, 2.5 bathrooms, patio space and canyon views.
Reynolds has recently been in New Orleans filming "Mississippi Grind." He's married to "Gossip Girl" actress Blake Lively.