David Hasselhoff is living the good life, as the 60-year-old actor just picked up a gorgeous new home in Calabasas, CA last week.

According to TMZ, the "Baywatch" star paid $1.95 million for the 5,767-square-foot Mediterranean-style home, which features 5 bedrooms, 6 bathrooms, and sits in a small gated community. It also has its own basketball court.

This worked out great for Hoff, who just sold his house in Encino for $3.795 million.

Source: tmz.com