Dr. Phil Buys Beverly Hills Estate for $29.5M: Is He Nuts?

TV talk show titan and best-selling author Dr. Phil is moving to another part of the 'hood. Phil McGraw and his wife Robin bought a Beverly Hills estate for $29.5 million after listing their existing Beverly Hills home last month at $16.5 million. Since the old place hasn't sold yet and the good doc still went ahead and bought the new one, we can only observe that perhaps the recession hasn't affected everyone equally.

The biggest difference between his old Mediterranean villa and his new Mediterranean villa is size, which apparently does matter after all to Dr. Phil.

Does he have a solid head on his shoulders about this purchase?
The new home is a newer construction and sits on three acres, whereas the old place was kind of scrunched on less than an acre. The new digs include a 14,000-square-foot main house with five bedrooms and 11 bathrooms. The old place is smaller, at 11,000 square feet, and has eight bedrooms and seven bathrooms.

Actually, a Dr. Phil spokesman said that the couple had been in the market for something larger than their 11,000-square-foot home because they wanted to better accommodate the needs of their growing family. Last we checked, they have two grown sons -- one single and one married to a woman who graced the pages of Playboy. More likely, wife Robin -- a decorator -- was getting itchy fingers and needed a new canvas to work on.

Dr. Phil's new home, which was listed a few years ago at $29.5 million and removed from the market when it didn't sell, was described at the time as "a romantic European villa." It has a two-story entryway with sweeping staircase, formal living and dining rooms, a library/game/media room, and a second-floor master suite with a private sitting room and balcony. There are city-lights views, a detached guest house, a flat lawn, a swimming pool and a lighted tennis court. There is a large motor court with a fountain in the center, sitting at the end of a long gated driveway. Is it me or do all these expensive Mediterraneans start to look alike after a while?

Anyway, Dr. Phil clearly knows what he wants and what he can afford -- and isn't that the most important part?

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