“Home Improvement” star Sells Brentwood Home

That’s a wrap on Brentwood for “Home Improvement” actress Patricia Richardson.

Richardson, who placed her long-time home at 196 Granville Avenue on the market in late October, is set to close on the sale of the property Friday, according to listing brokerage Carolwood Estates.

The seven-bedroom, nine-bathroom home spanning over 6,600 square feet first hit the market in late October for nearly $10 million, or $1,498 per square foot. The property is expected to trade for $9.2 million, according to listing agent David Yadegaran of Carolwood. That pencils out to roughly $1,379 per square foot.

The Emmy nominee, who is best known for playing Jill Taylor on ABC’s “Home Improvement,” owned the property for almost three decades. She raised her three children there, but with the kids grown, made the decision to downsize to a Los Angeles-area condo and hang up the for-sale sign on the Brentwood estate, according to Yadegaran.

Richardson picked up four Emmy nominations during the eight-season run of “Home Improvement,” playing opposite Tim Allen. She also served as an executive producer on the show later in the series, after playing an integral role in shaping episodes from the start, she told the Los Angeles Times in 2024.

Carolwood Estates’ Yadegaran and Shaun Alan-Lee of The Advisory team held the listing. David Berg and F. Ron Smith, founders of Smith & Berg Property Group at Compass, brought the buyer, which was a local family, according to Yadegaran.

Smith and Berg declined to comment on the buyer through a brokerage spokesperson.

Yadegaran said the property attracted two groups of prospective buyers. One was families looking to build a compound, which encompasses a 1-acre lot that’s shielded from prying eyes with 20-foot hedges and double gates. The other group was developers eyeing the potential upside in such a sizable property.

The Cape Code-inspired home has vaulted ceilings in the family room, a primary suite with pool access and a two-bed, two-bath guesthouse. Outdoors there’s room to roam and entertain with gardens, trails, a pool and spa, grotto bar and creek.

Looking ahead

It’s early into 2026, but Yadegaran sees L.A. poised for a ramp in investment and rental dealmaking.

“L.A.’s heading in the right direction,” Yadegaran said. “We have the [FIFA] World Cup coming into town this summer. We have the Olympics in a couple years. The rental market for sure will see a big lift from those events, but a lot of high-end residential is structured in a way more like commercial properties because people look at it as either the equity gain they’re going to have over the course of a number of years, or the income it could generate.”

Voters are also poised to vote in a new California Insurance Commissioner this November, which Yadegaran also sees as a potential boon for homeowners and real estate broadly.

“Insurance has been a tightening factor for L.A. over the last few years on top of [Measure] ULA.” Yadegaran said.