Kelsey Grammer, real estate tycoon
Kelsey Grammer, however, is an exception to the rule that celebrities can't manage money. Over the years, he's been quite the speculator. Here's a look inside one property Sotheby's is selling for the Frasier star:
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The street view of Kelsey Grammer's Bridgehampton home and part of the 1.7 acre property. (Courtesy Sotheby's Realty)
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The foyer of Grammer's Long Island estate provides access to the library, living room, formal dining room and more. (Courtesy Sotheby's Realty)
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The kitchen features hand-finished marble countertops and top-of-the-line appliances by Subzero, Wolf and Miele. (Courtesy Sotheby's Realty)
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The formal dining room. (Courtesy Sotheby's Realty)
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The living room of Grammer's 8,000 sq. ft. estate. (Courtesy Sotheby's Realty)
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The eat-in kitchen boasts a large island. (Courtesy Sotheby's Realty)
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The home boasts two libraries -- one off the foyer and one off the master suite. (Courtesy Sotheby's Realty)
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The house has coffered ceilings throughout. (Courtesy Sotheby's Realty)
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The estate features seven full baths and one half bath.(Courtesy Sotheby's Realty)
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The master suite has its own library, private deck, fireplace and master bath. (Courtesy Sotheby's Realty)
As Big Time Listings notes, this is the latest in a string of lucrative transactions carried out by Grammer, many through his Fossil II Trust. A few recent successes:
- Kelsey's home ("primary residence") in Malibu was purchased for $4.5 million in 1998 and is now worth over $7 million according to Zillow.
- The Bridgehampton home at 7 Morgan Way shown above was purchased for $8.5 million in early 2006, and is being listed at $16 million -- wow.
- In 2004, he paid $17.5 million for an enormous mansion in Beverly Hills, at 80 Beverly Park Lane, selling it in 2006 for $22 million. According to Zillow's photos (which may or may not be current), the property is now being renovated -- and is only worth $18 million. Nice timing, Kelsey!
