realestate

Frasier Stars Convert TV Fame into Real Estate Empires

Frasier stars earned record TV salaries, turning millions into massive property empires.

F
rasier, a natural extension of the beloved 1980s series Cheers, quickly cemented itself as a 1990s icon. NBC’s decision to spin off Dr. Frasier Crane, played by Kelsey Grammer, proved a masterstroke: the show ran for 11 seasons from 1993 to 2004 before ending, largely because the cast’s escalating salaries made the production financially unsustainable.

    **Kelsey Grammer (Dr. Frasier Crane)**

    - Net worth: US$80 million (A$122 million).

    - Final two seasons: US$1.6 million (A$2.5 million) per episode, a TV record at the time.

    - Reboot: US$2 million (A$3.1 million) per episode.

    - Real‑estate highlights:

     - 2002: Bought a ski‑in‑ski‑out Colorado mansion for US$5.3 million; sold in 2013 for US$6.6 million.

     - 2003: Purchased a California home for US$13.7 million; listed the next year for US$19.9 million.

     - 2012: Bought a Beverly Hills mansion for US$6.5 million; sold a year later for US$6.6 million.

     - 2017: Sold a New York City condo for US$7.95 million after an initial listing of US$9.75 million.

     - 2014: Sold a Kailua, Hawaii mansion on a golf course for US$10.2 million.

    - Personal tragedies: Father killed at 13; sister murdered at 19; half‑brothers died in a 1980 scuba accident. Despite these losses, Grammer welcomed his eighth child at age 70 in October 2025.

    **David Hyde Pierce (Niles Crane)**

    - Net worth: US$40 million (A$60 million).

    - Final two seasons: US$1 million (A$1.5 million) per episode.

    - Property moves:

     - 2003: Bought a Los Feliz mansion for US$3.6 million; sold in 2012 for US$7 million.

     - 2012: Sold Los Angeles home; purchased a New York apartment for US$1.9 million with husband David Hargrove.

    **Jane Leeves (Daphne Moon)**

    - Net worth: US$25 million (A$38 million).

    - Final three seasons: US$30 million (A$45 million) contract, making her the highest‑earning British actress then.

    - Property: 1998 purchase of an $875,000 Malibu mansion (now worth $10 million) with husband Marshall Coben.

    **Peri Gilpin (Roz Doyle)**

    - Net worth: US$25 million (A$38 million).

    - Final two seasons: US$500,000 (A$750,000) per episode, up from $150,000 (A$227,000) earlier.

    - Real‑estate:

     - 2003: Sold a West Hollywood property for US$1.3 million.

     - 2007: Sold a Beverly Hills home for US$5.6 million.

     - 2010: Bought a Malibu cottage for US$3.5 million; sold in 2013 for US$4.25 million.

     - 2013: Purchased a Malibu residence for US$2.5 million; last listed in 2017 for US$3.8 million.

    **John Mahoney (Martin Crane)**

    - Net worth at death: US$16 million (A$24 million).

    - Final two seasons: US$500,000 (A$750,000) per episode, up from $150,000 (A$227,000) earlier.

    - Lifestyle: Lived in a modest Santa Monica apartment during filming; owned a Chicago condo worth about US$300,000 (A$450,000) at his 2018 passing.

    The show’s cancellation stemmed from the untenable cost of these high salaries, illustrating how even a beloved series can falter when financial realities clash with creative success.

Frasier actors build real estate empires from TV fame.