Television shrink Dr Phil McGraw and his wife Robin McGraw have posted the 'for sale' sign outside their $16.5 million Beverly Hills mansion, RadarOnline.com can reveal.

There have been whispers that the couple has been privately trying to sell the 8 bed, 7 baths, 11,036 sq ft Mediterranean style villa for the past two years, but now it is officially on the market.

The tough talking Texan’s home is a favorite with celebrity tour buses, and his nearby neighbors in the star-packed enclave include Madonna, Simon Cowell and Tom Cruise.