Kevin Bacon and Kyra Sedgwick have dropped $2.5 million on a gorgeous Los Feliz estate.

The 2,760 square-foot mansion boasts two bedrooms, three bathrooms, a chef's kitchen, an office, gym and stunning views of LA.

The couple, who have been married for 23 years, have two kids together ... Travis, 22, and Sosie, 19. Sedgwick currently stars on TNT’s crime drama The Closer.

See more of the gorgeous LA estate in our gallery below.

Kevin Bacon is speaking out for the first time since it was revealed that he and wife Kyra Sedgwick were swindled in the alleged Ponzi scheme run by disgraced financier Bernard Madoff.

"There are a lot of things I'm grateful for: my health, my family, my career, my family's health," Bacon told Life & Style magazine.

Kevin said they are trying to remain upbeat, even after losing almost everything.

"We'll march on. We have to. There’s nothing you can do about it. You can't change what happened. Things could be worse. You remember that, and you go on with your life,” Bacon told the magazine.

Bacon said his first priority is to get back to work, so that he and his family can start rebuilding what they've lost.

"I don't have anything lined up right now, but I need to work, for obvious reasons."

It looks like being a celebrity can't protect you from being the victim of fraud.

According to New York Magazine Kevin Bacon and Kyra Sedgwick are victims of Bernie Madoff's $50 billion Ponzi scheme.

The news was confirmed by a representative for Bacon.

The exact amount of their loss isn't known, although some reports say the couple lost everything except the money they had in their checking accounts and the land they own.

The Bacons aren't the only ones in Hollywood to be victimized in the scam. Steven Spielberg, Studio Executive Jeffrey Katzenberg and screenwriter Eric Roth all reportedly lost substantial amounts of money.

Frost/Nixon might be about British talk-show host David Frost (played by Kate Beckinsale's ex Michael Sheen) interviewing former Prez Richard Nixon (Frank Langella), but the star of the red carpet was Leslie Bibb!

And no, we checked - she's not even in the Ron Howard flick. She was in The Skulls, though!

In addition to Leslie, we spotted Kevin Bacon, Sam Rockwell (above, looking fun and crazy) and even the two stars, Sheen and Langella... check 'em all out in the gallery below!

Can you believe Kyra Sedgewick and Kevin Bacon just celebrated their 20th wedding anniversary?

Kyra may have lost out on the Best Actress Emmy, but with hubby Kevin Bacon by her side all these years, she's certainly a winner in other ways!

But what about her dress, with beading that looks like two hands cupping her boobs? Is that a winner or a loser?

Kevin Bacon - who turns 50 in July - sure has come a long way since Wild Things!

Here's the actor doing some grocery shopping with his lovely wife, The Closer star Kyra Sedgwick. And whaddya know - they actually look happy together!

These two wed twenty years ago come this September... talk about a Hollywood marriage that lasts!