'Frasier' star Kelsey Grammer has sold a Los Angeles house for $3.3m, 19% less than he paid for it in 2007, and leased a seven-bedroom English-style manor after it failed to sell for $18.9m.

The house that Grammer and his wife, Camille, sold last month is a 7,600-square-foot 1999 home on 1.5 acres in the Bel-Air neighborhood, with views of a canyon and the city. The leased home, on nearly an acre in Holmby Hills, was recently renovated and has a cobblestone driveway, a pool, a landscaped yard, a media room and wood paneling. Mr. Grammer paid $13.7m for that house in 2007. The lease price couldn't be learned.

Wall Street Journal