Jesse James has again slashed the price of the Southern California home that he used to share with Sandra Bullock, RadarOnline.com can reveal.

James originally put the house on the market in May for $6.75 million before reducing it to $4.95 million in July. Now, the property is on the market for $4.75 million- an additional drop of $200,000. The motor bike mogul is motivated to cut ties to the area after relocating to Austin, Texas, where he recently bought another $2 million mansion.

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The four-bedroom Mediterranean-style, beach-front home boasts panoramic ocean views, a media room, security gate, Viking appliances, a resort-style pool and a huge master bedroom featuring a jacuzzi tub.

Prospective buyers of the home must pre-qualify in a screening process that includes submitting their bank statements  and getting their picture taken.

Jesse James is moving to Austin, Texas but not before leaving California with a bang!

The West Coast Choppers founder lit up Sunset Beach on the 4th of July with an elaborate fireworks display RadarOnline.com has exclusively learned.

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"Jesse had a party at his house with about 15 friends, including all three of his children," an eyewitness told RadarOnline.com.