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Dr. Phil Buys in Beverly Hills For $29.5 Million

Phil McGraw, better known as Dr. Phil, has bought an estate in Beverly Hills, Calif., for $29.5 million. Earlier this month, he listed his Beverly Hills home for $16.5 million.The estate he purchased, which was unlisted, is a Mediterranean-style villa on three acres that has a 14,000-square-foot main house with five bedrooms and 11 bathrooms. There's also a guesthouse and a pool. The house has sweeping views of Century City.

Mr. McGraw's current home is also a Mediterranean-style house on just under an acre. It has eight bedrooms and seven bathrooms as well as an in-home theater, gym, billiard room and an outdoor dining room. The property is walled and gated and has a two-bedroom detached guest house.

Known for his syndicated, daily advice talk show, Mr. McGraw first rose to fame when he appeared regularly on the "The Oprah Winfrey Show" in the late 1990s. He has also written several best-selling books. Through a representative, he declined to comment.

Jana Jones-Duffy and Fred Holley of Coldwell Banker Previews International represented the home Mr. McGraw purchased. Billy Dolan, a broker with Hilton & Hyland in Los Angeles, has Mr. McGraw's listing for the $16.5 million property that's currently on the market.

Hot Property: Dr. Phil lists Beverly Hills villa at $16.5 million

July 10, 2010 | By Lauren Beale, Los Angeles Times

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The gated and walled property of TV host Phil McGraw and his wife Robin includes a Mediterranean-style house, detached guesthouse, swimming pool, gym and theater.

Dr. Phil, as straight-shooting TV host Phil McGraw is best known, and his wife, Robin, have listed their Mediterranean villa in Beverly Hills at $16.5 million.

The couple is selling because they have bought a hillside view home that they've been admiring for years.

The walled and gated property that they are selling sits on nearly three-quarters of an acre. It includes a main house, a detached guesthouse, an outdoor dining room and a swimming pool. There is a two-story entry, a theater, a gym, a billiard room, temperature-controlled wine storage, eight bedrooms and nine bathrooms. The pair bought the house in 2002 for about $7.5 million, according to Times archives.