Frazier’s Flipping House!

Frazier’s Flipping House!

Frazier's Flipping House!

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When can real estate become a problem for the wealthy? When you’re Kelsey Grammer.

Apparently fascinated by houses, he and ex-wife, Camille had purchased many over their 13 years of marriage. Some that we know about either are or were in Malibu, Maui, the Hamptons, Colorado and Delaware, not to mention multiples in the Los Angeles area. Neither do we know how many they owned together, but likely a sizeable chunk if not all. The sad story for Kelsey (not Camille) is that they have been showing up on the market one after the other in a bad financial climate and though houses have started to sell and prices are creeping up, it’s far from being an optimum time to sell. When Kelsey and Camille bought this English Country house in Holmby Hills in 2007 for $13.7m, they turned around a year later and put it back on the market for $19.9m. At that time it was touted that not a penny was spared in redoing the home, but as of this date we still haven’t see interior pictures.

Now back on the market at $17,999,000, the home sits on close to an acre of land and is sized at 10,567sf. It was built in 1980 when Americans were just starting to recognize wine as a drink, so we feel as though the wine cellar may be from some of those pennies not spared. The media room and gym that it now sports may also have been sourced from extra pennies. The house has the normal living areas that include living room, dining room, library, service entrance, 7 bedrooms and 9 bathrooms. There is also a 6-car motor court and a 4-car garage. The property is walled and gated and very private with mature landscaping consisting of emerald green lawns and some formal rose gardens outlined by low boxwood hedge in keeping with the English style of the house. The grounds also include a pool and spa for enjoying the California sunshine or romantic evenings. The house was originally built for composer Henry Mancini and Kelsey purchased it from from baking soda heir Michael Armand Hammer, giving it a star-studded history.

Frazier star, Kelsey Grammer is selling his Holmby Hills estate. Priced at $17,999,000.

Source: www.realtor.com