Sacha Baron Cohen buys $18.9 million Hollywood home

Funnyman Sacha Baron Cohen has splashed out a whooping $18.9 million on a Hollywood home for himself and his actress-wife Isla Fisher.

The Borat star and Fisher are swaping their current $3 million home for the palatial property in the Laurel Canyon area of Los Angeles, reports Contactmusic.com.

The mansion, located near the homes of Paris Hilton and George Clooney, boasts seven bedrooms, seven bathrooms, a movie screening room, a swimming pool, spa and gym.

The couple, who are parents to daughter Olive and are reportedly expecting their second child, are due to move into the house by the end of the summer.

"Sacha and Isla decided it was time to move up, particularly as their family is expanding," said a source.