Why is this couple smiling? They're about to go house hunting in the Hamptons. Actor Kelsey Grammer, pictured with new wife Kayte Walsh, a former stewardess pictured left, has been trying to sell mansions in ritzy communities across the country. The word is that Grammer's divorce from his third wife, Camille, a former Playboy model best known as the mean one on The Real Housewives of Beverly Hills, is causing him to liquidate his real estate holdings.
Grammer just unloaded his Bridgehampton, N.Y., home for the asking price of $9.995 million, which according to area Realtors, was priced to sell. He and wife no. 4 want to pick out a new pad to wile away the summer. His other properties still on the market: A Beaver Creek, Colo., ski home is listed at $7.9 million and his 7-bedroom Tudor mansion in Los Angeles, which has been on and off the market but is now listed at $18.9 million.
What did the buyer get in the Hamptons? A pretty sweet pad, that's what.
The 8,000-square-foot, 7-bedrooms, 7-bath home sits on a private lane in Bridgehampton on the South Fork of Long Island. The home was custom-built in the traditional wood-shingle Hamptons' style. It's set on 1.7 landscaped acres according to the Sotheby's listing. The neutral See photos of homes for sale in your area and across the country on AOL Real Estate interior and white kitchen are fairly standard issue Hamptons fare but the lovely sunroom with its diamond-paned windows is the real jewel of the spaces.
The property also seems to have all the amenities a multimillion-dollar Hamptons home should have: heated pool with spa; a master bedroom with fireplace, sitting room and private porch; a guest house, tennis courts, home theater, gym, steam room, sauna, wine cellar and elevator.
The only thing it's lacking: ocean frontage. But what do you want for $10 million? Maybe wife no. 4 will get herself a waterfront property.
A local Bridgehampton Realtor puts the home in perspective: "From the pricing standpoint our strongest sales right now are floating between that $5 and $12 million range [for homes south of the highway]. That's a hot number for us right now, as hard as that is to believe, but it's the Hamptons."
Grammer's home has that desirable designation of being south of the highway (or "SOH" as it's put in listings). That means that it's south of busy Montauk Highway, the main artery connecting Manhattan to the
Kelsey Grammer's Million-Dollar Baby Hamptons and the road responsible for much of the area's notorious traffic congestion. The widest Long Island gets near Bridgehampton, running from the Atlantic Ocean north to the Peconic Bay is just seven miles so you're never very far from the ocean even if you're north of the highway.
Although $10 million may sound like a lot, the Realtor points out that last year the town of Sagaponack had the top-ranked price points in the country and Bridgehampton is shoulder to shoulder with it.
"It's not a number that is uncommon," she says. "It's a pretty normal price point in Bridgehampton, Sagaponack, Water Mill. From Southampton heading east to East Hampton your starting prices south of the highway for a significant house that needs work is going to be $4 million."
"It was listed to move but whether that's a good deal is relative; it's a lot of money."
Carrie Culpepper blogs about design at CultureFix.wordpress.com.
More on AOL Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.