TODAY   |  September 25, 2012

Look inside Reese Witherspoon’s $10 million home

TODAY’s real estate expert Barbara Corcoran shows off the beautiful, spacious and expensive homes of celebrities Reese Withersoon, Sarah Jessica Parker and Kelsey Grammer.

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This content comes from Closed Captioning that was broadcast along with this program.

>> but first, this is "today" on nbc.

>>> we're back now at 8:42 with today's real estate . this morning a peek inside some of the celebrity homes that are for sale right now across the country. barbara corcoran is today's real estate contributor. barbara , nice to see you.

>> nice to see you, matt.

>> some nice spreads here. again, these are a little pricey. let's start with a property owned by oscar-winning actress reese witherspoon . she's put her home in ohai, california on the market. before we get to the market. tell me about ohai, pretty spectacular.

>> an hour northwest of l.a., but what's great about this area, no other celebrities there. she has total privacy. a lot of acreage, and she's away from the hustle and bustle and traffic that everybody hates in downtown l.a.

>> do we know the price on this property?

>> this is a big price tag. it is $10 million, a nice round number, easy to remember. it's a big country retreat. it was built in 1923 , and what's great about this house is she has really left is as pretty as she found it. she's put some improvements in, but it's a really nice working ranch.

>> all right. and the highlights when you look at this, what do you like most? i like most the privacy, the land, the trees, and what's great about it, she has lots of pigs, animals, dogs, chickens on that ranch.

>> do they come with the property?

>> they come and nobody is going to complain.

>> cool. let's move on to the east coast here. a miami home owned by new york yankees third baseman alex rodriguez t.carries a $38 million price tag. what does that buy?

>> it buys everything it should, and it is worth it. i don't think i've seen a more spectacular home. it's a few blocks from where he used to play shortstop in high school . imagine being him and coming back and building this mansion right on the water with 275 feet of frontage, with two docks, and saying i did it. i mean this, guy must be living this dream. i can't believe he's even selling it. special amenities like a batting cage . nobody is going to want that, of course, but rip it out. what the heck.

>> turn it into a golf driving range.

>> look at the views and look at the glass. that's hurricane-proof glass. no way a hurricane will take this house down. this is every guy's dream.

>> he's only owned this house for two years, so he's flipping it kind of quickly. does that hurt the asking price ?

>> you know what it does, it makes people question the asking price . remember, on this house you get bragging rights that guess who lived here before i did?

>> speaking of quick turnarounds. new york city -based couple sarah jessica parker and matthew broderick recently listed their greenwich village townhouse. they have never moved into it.

>> no.

>> but they kind of fixed it, sort of, and for that they want to be rewarded with a whole $5 million profit. so this house here is 25 feet wide and asking $25 million for. it remains to be seen what will happen with this house . beautiful. nothing you would want to change in this house , and it's on one of the best streets in greenwich village right off fifth avenue.

>> people who live in townhouses either love them or they don't because you spend a lot of time on the stairs.

>> keeps you in shape. if you're a celebrity, people can find you, so most celebrities just don't ever buy a townhouse because it's too obvious where they live.

>> kelsey grammer and his ex-wife camille grammer , put their former primary residence on the market. this one is in malibu, california. i think once you say the word malibu the price goes up.

>> of course. think about this price . 17.9 million. why not call it 18 million. they are divorcing. this was their primary residence , and now this house has everything as well. more than anything what i like about this house is its location. it's surrounded by money taps. have you views of the pacific, and you have a nice easy nine bedrooms to keep your friends there.

>> nine bedrooms. what's wrong with nine bedrooms. almost five acres of property. a wolfgang puck -designed kitchen. design that had kitchen himself that. demands a premium, okay, and you have a screening room that seats 12. i guess could you have friends, if you have 12 friends.

>> one of those amenities that really brings the price up? screening room people want those?

>> expected in that part of the country. if you're rich you have a screening room .

>> and if you have a screening room look at movies made by dreamworks animation ceo jeffrey catsburg, selling his park city utah, home. looks like a log cabin but a big one.

>> oh, my gosh, more than a log cabin . like calling queen elizabeth a row boat or something. wait until you see the inside of this house . it's spectacular. first of all, it's 14,000 square feet big, and, remember, it's just a weekend retreat. every single thing in this house has been redone by jeffrey and his wife. they have put every single finishing in place themselves, and it's all included. all american west antiques, worth a lot of money, probably about as much as the house itself.

>> so it's all furnished?

>> all furnished. you walk into that house , it's your house including the blankets on that bed. what's wrong with that? an indoor swimming room, a spa, and most importantly in this part of the country, direct access to skiing, and who want want to sit on that terrace and look at the universe.

>> again, the price tag on that one is $20.5 million asking price .

>> that's a lot of money.

>> nice digs. barbara corcoran. thank you very much. appreciate it.