Kelsey Grammer Sells His Home
In Maui for Nearly $11 Million

After owning a house on Maui for six years, Kelsey Grammer and his wife, Camille, sold their Hawaiian abode for close to its $11 million asking price. The sale comes a few months after the couple agreed to buy a 1.7-acre property in Bridgehampton, N.Y., with an asking price of $8.9 million, the 50-year-old actor says.

Mr. Grammer and his wife built the Maui house in 1999 after paying about $1 million for the land, he says. The house sits on two acres and measures 9,600 square feet, with five bedrooms and six bathrooms. The two-story, modern Plantation-style structure has "lots of windows for natural light and views" of the Kapalua coast, Mr. Grammer says. He didn't disclose the buyer and wouldn't comment on construction costs. Mr. Grammer, who starred for many years on the television comedy "Cheers" before taking the lead of the spinoff "Frasier," says he and his wife plan to spend much of the summer on the East Coast and the rest of the year at their main home, a five-acre Mediterranean-style property in Malibu, Calif. (They also own a Colorado ski home and a 19th-century farmhouse on 200 acres in upstate New York.)

The home the Grammers agreed to buy in Bridgehampton -- Mr. Grammer declined to say how much he offered for it -- was built by a developer and measures 7,500 square feet with seven bedrooms and 7.5 bathrooms. Mr. Grammer, who is shooting the film "X-Men 3" in Vancouver, British Columbia, says he and his wife had been searching for a Hamptons home after years of renting there.

The median price of a single-family home on Maui reached $695,000 in October, a 24% increase over the same month a year earlier, according to the Realtors Association of Maui. That is also a higher level than on any other Hawaiian island.

Perkins Ventures a Discount

Venture capitalist Thomas Perkins has had better luck selling his first novel than unloading his Lake Tahoe property. The billionaire investor has cut the price of his six-bedroom condominium on the Nevada side of the lake for a second time this year. It's now listed at $4.4 million, down from its original price of $4.95 million. (He lowered the asking price to $4.59 million in January.)

Meanwhile, Mr. Perkins, 73, says he plans to list for $20 million a property he owns in Belvedere, Calif., a French manor home on about an acre with views of the Golden Gate. The Tahoe condo, on the rim of the lake's north shore, is in a 23-acre gated resort area called Stillwater Cove, part of the town of Crystal Bay, Nev. In 1983, Mr. Perkins paid $1 million for two condos and then combined them into one 5,424-square-foot unit. The condo has lake views and comes with full-time property management and security. Kerry Donovan of Chase International, Incline Village, has the listing.

Meanwhile, Mr. Perkins is getting his first novel published, "Sex and the Single Billionaire," in February. The investor, at one time married to romance novelist Danielle Steel, calls the book "a simple love story" that he spent a year writing. Mr. Perkins remains partner emeritus at Kleiner Perkins Caufield & Byers, which played a key role in developing such Silicon Valley companies as Google and Amazon.

Tennis Near the Thames

Former tennis star Pat Cash has put his London home on the market for £875,000 ($1.5 million). Mr. Cash, 40, bought the property in 1986, a year before winning his first and only Wimbledon Tennis Championship, defeating Ivan Lendl in straight sets. Injuries forced Mr. Cash out of professional tennis by the early 1990s. The house, near the Thames River in the Fulham district of the city, has five bedrooms, two bathrooms, a reception or dining room, and a roof terrace. The Australian-born athlete has played on tennis's senior circuit, comments on matches for the BBC and runs real-estate firm Pat Cash Properties in Melbourne, Australia, according to Jeremy Whittle, a partner in the firm and the listing agent on the house. Mr. Cash is selling the home because he spends most of his time in his native country, Mr. Whittle says.

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