Actor Kelsey Grammer sold his mansion in Los Angeles' Bel-Air area in June for $13,500,000 -- and not for the 'more than $20,000,000' figure that some news outlets reported back in June -- and the actor also paid $13,700,000 in May to purchase his 10,567-square-foot mansion in L.A.'s Holmby Hills area, according to recently released Los Angeles County records.
The 6,811-square-foot house that the 52-year-old Grammer sold, at 935 Bel Air Road in Los Angeles' Bel-Air area, is one that he had purchased in early 2006 through his Watergap Films LLC company for $10,500,000 after it had been on the market for $10,750,000, according to public records. The buyer was widely identified in news accounts as having been actress Salma Hayek, but we remain unable to confirm that independently through public records, which show that the buyer is a company called Metro BA4 LLC. While we don't doubt the newsgathering capabilities of the various tabloids and newspapers that reported that Hayek was the buyer, our review of state incorporation records could not tie that company definitively to Hayek or her husband, Francois-Henri Pinault.
Built in 1940, the Bel Air Road house that Grammer sold has seven baths and sits on a 0.75-acre parcel, according to public records. It was not on the market when Grammer sold it. Our view is that a $3 million profit on the house in just 17 months is impressive indeed, and that Kelsey should be very, very proud of himself.
As for Grammer's new house, we can report that the actor's Fossil II Trust paid $13,700,000 to buy the 10,567-square-foot house at 261 Baroda Drive in L.A.'s Holmby Hills area from baking-soda heir Michael Armand Hammer, according to public records. Built in 1980 for composer Henry Mancini and situated on a 0.82-acre parcel, the five-bedroom Baroda Drive house is behind gates and has six baths and a tennis court, according to public records and previous articles in the Los Angeles Times. The house was listed by Mancini's widow in 1994 for $5.5 million and sold the following year for $3.5 million to then-Disney executive Dennis Hightower, who sold it in 1998 to something called the Rue Baroda Property Trust. Hammer paid $5,950,000 in 2003 to purchase the home from that trust, according to public records.
The Baroda Road property also did not appear to have been on the market at the time that Grammer purchased it.
For those readers new to our blog, you should know that the peripatetic former 'Frasier' actor trades real estate like baseball cards.
To take a look at the lengthy list of properties that Grammer has owned over the years (and you of course now must add the Baroda Drive property to that list), go here.