Dr. Phil Lists Beverly Hills Estate at $67.5 Million, Over Double His Purchase Price

Television personality Dr. Phil McGraw and his wife, Robin, have put their Beverly Hills estate on the market at $67.5 million, a price that sits more than double what the couple paid for the property.

The Mcgraws bought the land in 2010 for $29.8 million. They then spent the following year completing the residence, so the asking price reflects both the appreciation of the lot and the value of a finished, high-end build. Sellers in the Beverly Hills luxury market often price well above purchase cost when a property has been substantially improved, though a listing price is an opening position rather than a sale price.

Celebrity-owned homes tend to draw outsized attention, and this listing is no exception. The gap between the 2010 purchase and the current ask gives buyers and local observers a clear snapshot of how much the city's top tier of real estate has moved over roughly a decade and a half.

For buyers, the listing is a reminder that trophy properties in Beverly Hills still trade on a different scale than most of the country. A $67.5 million ask puts the home in a small pool of buyers who can pay in cash or secure jumbo financing at that level, and it means the eventual sale price, if the home sells, will depend heavily on how many qualified bidders the market produces at that point.

Whether the estate sells at its asking price or closer to a negotiated figure, the listing marks a notable milestone for the McGraws and a useful data point for anyone tracking the high end of the Los Angeles market.