Camille Grammer has relisted her home in Malibu, slashing the price from $17.5 million to $14.995 million.
The former Real Housewives of Beverly Hills star and her ex-husband, Kelsey Grammer of "Frazier" fame, purchased the luxurious Mediterranean-style mansion in 1998 for $4.5 million.
The 6,645 square foot, 4 bedroom, 6 bathroom home sits on 4.77 acres overlooking the ocean, and includes a formal living room, formal dining room, wood-paneled library, media room and Wolfgang Puck designed kitchen with two center islands.
A detached guest house includes a spacious living room, kitchen, garage parking for five cars, several bedrooms, a private terrace and a rooftop deck.
Outdoors there are numerous entertainment terraces, an outdoor fireplace, a heated swimming pool, at least two spas, a lighted tennis court, equestrian facilities that include a 9-stall barn and dressage riding ring and a large lily pond with canoe dock and and 18th century stone temple.
The former couple's Beverly Hills home is also on the market with a price cut, down to $14.995 million from $19.900 million. (see photos)
Source: The Real Estalker