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Ann Brenoff

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Speak Up

Meet Kelsey the flipper.

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Justin Lubin/NBC

Kelsey Grammer, shown here playing the title role on 'Frasier,' has put his home in L.A.'s Holmby Hills up for sale for $19.9 million about a year after buying it for $13.7 million.

Kelsey Grammer, who lives in Malibu's Serra Retreat, has listed an English Country-style estate in L.A.'s Holmby Hills section for $19.9 million. Grammer and his wife, Camille, have owned the home for about a year and are hoping to flip it for a profit. The purchase price was $13.7 million last summer, according to public records.

Real estate, like comedy, is all about timing, and hopefully, this listing won't bomb with today's market. Several local agents say that, in this price range, prices are holding steady and inventory is slim.

The house, all 10,567 square feet of it, certainly sits on desirable turf - nearly an acre. It has seven bedrooms, nine bathrooms and seven fireplaces - including the one in the gym. I personally don't need more heat in my gym, but I'd much rather be treadmilling to a relaxing fire than to Dr. Phil, wouldn't you?

There are beamed ceilings, Palladian-style French doors, his-and-her bathrooms in the master suite and a media room with built-in bookshelves and a built-in bar. The home sits behind high hedges, and there is covered parking for four cars. A vine-wrapped covered terrace overlooks the swimming pool.

Grammer, 53, a five-time Emmy winner, has owned his Malibu house since 1998, when he bought it for $4.5 million. The actor has been a TV fixture since his days on Cheers (1984-93) and his own spinoff, Frasier (1993-2004). His most recent TV venture was playing TV news anchor Chuck Darling on Back to You (2007). He is working on several movies that are in various stages of production.

*****

First comes love, then comes marriage, then comes divorce and a Brentwood mansion for sale for $11 million. Actor Dylan McDermott and his wife, Shiva Rose, have put their 1920 Spanish hacienda on the market. The pair announced plans to divorce in March.

The house was one of the first built in L.A.'s Brentwood section, according to the Multiple Listing Service. The two-story, 4,500-square-foot home has five bedrooms and three bathrooms and is set on 30,000 square feet of park-like grounds with a 250-year-old oak as a centerpiece. There is a courtyard with a fountain, and a pool and spa area that overlooks the hills. The two-storey vaulted living room has a hand-carved minstrel's balcony. The house has original beams, stenciled walls and three fireplaces.

McDermott and Rose bought the home in 1999 for about $4 million from Melanie Griffith and Antonio Banderas, according to public records.

McDermott, 46, may be best known for his role as Bobby Donnell in The Practice, which aired from 1997 to 2004. Since then, the Golden Globe-winning actor has appeared in numerous films and TV shows. Rose, 39, has appeared in episodes of CSI: Miami, Las Vegas and The Division.

Hot property by Ann Brenoff of the Los Angeles Times features the hottest celebrity real estate deals.