The newly single TV producer is hoping to finally shift the home they lived in together when they were married.
The former couple originally listed the property for sale for £7m during their bitter divorce battle.
After no significant interest, they knocked one million off the price before taking it off the market completely.
In 2018, it was re-listed for £5.6m and then the feuding former couple dropped the price to £5m and now finally down to £4.5m.
In a bid to flog the property Stephen has now shared a glitzy video of the mansion on his Instagram.
He wrote next to the clip: "There’s always a lot of work in the progress of life!!! It took me and my contractor tony Flores almost 2 years to totally gut, re-build,and design and furnish!!
"I have so much footage of every step of the way of all the hard work that we put in to this house.
"I’m going to cut together a nice little piece to show hard work and dedication pays off!"
Poking fun at his volatile marriage with his Spice Girl he added: "Whoever buys this home I hope that you and your family love this home as much as my family did!"
Spice Girl Mel is just as keen to get rid of the luxury pad as Stephen.
The beautiful home – which was formally owned by film legend Rudolph Valentino – had a complete redesign in 2016.
From the pictures and new video, it's clear no expense was spared.
Across four storeys, the house has four bedrooms, five bathrooms, a chef's kitchen, gym and a games room.
No Hollywood home would be complete without a swimming pool, which overlooks the Los Angeles skyline.
There is also plenty of outdoor living space and a summer kitchen, making it perfect for entertaining.
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