Sandra Bullock arrives at the Vanity Fair Oscar Party on February 26, 2012 in West Hollywood, California. Credit: Pascal Le Segretain/Getty

As Matthew McConaughey and Camila Alves prep their Austin home for a major celebration, Sandra Bullock is parting with hers. reports that the actress, 47, has put her home in the Texas city up for sale, listing the 1.75 acre property for $2.5 million.

The three-bedroom, two-and-a-half bath bungalow is located in the city's Southwest region, and boasts a wine cellar, in-ground pool, hot tub, as well as views of the Austin's downtown skyline.

Prior to purchasing the 5,663 square-foot property, the Oscar winner shared homes in California and Texas with her Lone Star State-based ex, Jesse James, whom she divorced in 2010.

Following their bitter split, Bullock and James listed their former California beachfront property for $4.5 million; the Blind Side actress relocated to Austin full-time with her son Louis.