Ellen DeGeneres and Portia de Rossi Paid $49 Million for a Palatial Montecito Estate They bought their new Santa Barbara compound in an off-market deal. She graduated from Boston University with a Bachelor's in communications and received a Master's in journalism from the University of Southern California. With the influx of money that has come into the 93108, the folks at Riskin Partners Estate Group see only positives. Her net worth is over $400 million and she makes more than $80 million per year from her various endeavors within entertainment. Never miss a story sign up for PEOPLE's free weekly newsletter to get the biggest news of the week delivered to your inbox every Friday. Photo: Blake Bronstad/Riskin Partners Estate Group, Tour Ellen DeGeneres' Incredible Homes, Past and Present, Blake Bronstad/Riskin Partners Estate Group, All the Celebs Who Are Low-Key House Flippers: Adam Levine, Ellen DeGeneres and More, Ellen DeGeneres' Ellen's Game of Games Canceled by NBC After 4 Seasons. In addition to Villa Tragara, DeGeneres and her longtime wife Portia de Rossi also maintain a $14.3 million ranch elsewhere in Montecito, plus a smaller cottage in the area. But theres a behind for every saddle and the house has now sold for $21 million much less than the original $35 million ask, but still a lot of money. The ancient house also sports an eat-in kitchen and an unexpectedly large great room with separate living and dining areas and not one but two identical fireplaces, one at each end of the room. Seller Ellen DeGeneres, Portia de Rossi Location Montecito, Calif. Price $13.9 million Year 2018 Specs 4,780 square feet, 3 bedrooms, 4 bathrooms Lot Size 0.72 acres While her long-running talk show may have danced its last awkward jig, don't assume Ellen DeGeneres is quietly sailing off into the sunset. Save my name, email, and website in this browser for the next time I comment. Stephanie Wenger is a TV Writer/Reporter at PEOPLE. Savannah Guthrie Lists Stunning NYC Family Condo for $7 Million See Inside! So that means they came away with a quick and impressive profit and they only added a few of their signature tweaks to the interiors! And now that the Louisiana native and Portia de Rossi have snipped their last residential tie to Los Angeles theirTudor-style Beverly Hills homesold in April for exactly $45 million to a still-unidentified buyer, a few ticks above the $42.5 million they paid for the place in 2019 the couple are refocusing their energy on gobbling up more Montecito real estate, including at least one property theyve already previously owned and sold. Ellen DeGeneres, who bought her third Montecito estate six months ago, just flipped it for $36 million - pocketing $15 million in the off-market deal. We want to hear from you! Representatives for DeGeneres and Miller did not immediately respond to Insider's request for comment on the sale. Kylie Jenner and Travis Scott List Their Beverly Hills Mansion for $21.9 Million See Inside. Now a collection of rich materials and sun-drenched living spaces, the house and its nearly half-acre property have a decidedly Bali-esque vibe, with dozens of palms and other lush subtropical plantings scattered about. Stay up to date with what you want to know. Become an AD PRO member today and save $100 on an annual membership. And in 2017, the couple shelled out $7.2 million for the historic Rancho San Leandro in Montecito . Ms. DeGeneres, 60, and Ms. de Rossi, 45, serial big-ticket house flippers, bought the mansion in Montecito for $26.5 million in 2013 through a private trust and their financial adviser, records show. Now the 63-year-old and wife Portia de Rossi have begun gobbling up properties up north in Montecito, including a $49 million spread acquired from Dennis Miller last year and a $14.3 million ranch they recently bought back from Tinder founder Sean Rad, bringing the total value of homes theyve owned to more than $450 million. Ellen DeGeneres is selling another Montecito property. 4,780 square feet, 3 bedrooms, 4 bathrooms, Frank Lloyd Wrights Only Oceanfront Home Sells for Record Price, Britney Spears Takes Hefty Loss on Calabasas Mansion, Marcy Carsey Lists Her Familys Pacific Palisades House, Striking Ricardo Legorreta-Designed Home in Mexico on the Market for First Time Ever, Seductive Midcentury Modern by Frank Lloyd Wright Apprentice Sets Hearts Aflutter, Sprouts CEO Bags Oceanfront Carpinteria Beach House, CaptainSparklez Price Chops Mullet-Style WeHo Aerie, Rob Lowes Son John Owen Scores LA Home With Big Views. The buyer is Soren Urry, managing partner of Synergy, a commercial real estate development firm headquartered in Utah. Built in 1954 and described in the listing as a single level contemporary jewel, the structure has clearly seen extensive renovations over the years. They gave the place a quick renovation andflipped it at a huge profitless than a year later, in May 2018, in an $11 million deal. 1 of 3. Rad first put the estate up for sale in spring 2019, asking about $12.7 million, but with no takers it was delisted in early 2020, shortly before the global COVID-19 pandemic caused the first wave of U.S. shutdowns. 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In fall 2017, they shelled out $7.2 million for a late 1800s Montecito ranch that sold just eight months later for $11 million to Tinder founder Sean Rad. After placing their home right across the street from their Rancho San Leandro estate on the market in late January for $13.9 million, records show DeGeneres and de Rossi have already managed to flip the property for $13.5 million. Ellen DeGeneres Picks Up Revised Midcentury Bungalow Near Montecito's Butterfly Beach The purchase by the comedian brings the total value of homes she has owned over the years to more than. The longtime couples Balinese-style abode sits on 8.24 acres of land and overlooks the Pacific Ocean. 2023 The Hollywood Reporter, LLC. See Her Beautiful Bikini Photos, Having Fun at the Beach! The total damage was $69.9 million, making it the most expensive sale in the history of . In 2019, DeGeneres and de Rossi sold three mansions and bought two others, one in Montecito for $27 million and another in Beverly Hills for $45 million. DeGeneres and de Rossi maintain at least three more properties in the Montecito area, chief among them a Cape Dutch-style mega-compoundpurchased for $49 million from Dennis Miller late last year. Rancho San Leandro is a Santa Barbara, California ranch house perched atop a ridge, offering stunning views of the Pacific Ocean and Santa Ynez Mountains. The guest house even has its own private cabana. Salma Hayeks Best Bikini Photos, Inside Dr. Phil and Wife Robin McGraw's Sprawling Beverly Hills Home, She's a Perfect 10! Anna Kendrick Just Bought Mila Kunis' Former Hollywood Hills Home With a 'Resort-Like' Backyard, Gisele BndchenMay Have Offered Rare Insight Into How She Coped With Her Divorce From TomBrady, This Bombshell Private Email Reveals Sean Hannitys Alleged Disgusted Feelings Towards DonaldTrump, Meghan Markle Rocked the Coolest Leather Look During an Ultra-Rare Public Date Night With PrinceHarry, the 2.4. acres of gorgeously manicured grounds, Its an unbelievable home for the real estate collector, Meghan Markles Resurfaced Post on Her Surprising Girl Crush Has Some Unique Ties to the RoyalFamily, Machine Gun Kelly & Megan Fox Are Reportedly Taking This Intensive Step to Work Through Their RelationshipProblems. All Rights Reserved. In addition to their current Montecito homes, DeGeneres and de Rossi also own a$2.9 million cottage elsewhere in the city, as well as an $8.5 million midcentury modern Los Angeles crash pad in the mountains above Beverly Hills. Ellen DeGeneres was born in Metairie, Louisiana on January 26, 1958. In August 2020, they paid nearly $27 million for a Tuscan-style Montecito mansion that was resold just weeks later for a hefty $29 million to venture capitalist Marc Stad. She graduated from high school in 1976 and then studied political science at Northwestern University near Chicago. Sign up for THR news straight to your inbox every day. Among them are a riding rink, a four-stall horse stable, and a large barn. The former talk show host and her wife,. Ellen DeGeneres has bought and sold dozens of properties in the Los Angeles area, including a stunning Montecito estate that she and Portia de Rossi purchased in 2007 for $20 million. Ellen DeGeneres and Portia de Rossi are known for buying and selling homes at a prolific rate. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); You have entered an incorrect email address! Location Montecito, Calif. Price $13.5 million Year 2018 Specs 4,780 square feet, 3 bedrooms, 4 bathrooms Lot Size 0.72 acres It probably comes as no surprise that Ellen DeGeneres is playing real estate roulette again in her home base of Montecito. When she was seven years old, her family moved to New Orleans where she and her two brothers attended school at St. Martins Academy. In July and August, BuzzFeed News reporter Krystie Lee Yandoli published two investigations in which former employees of "The Ellen DeGeneres Show" alleged it was a toxic workplace rife with racism, sexism, and intimidation. The house features five bedrooms, 10 bathrooms, multiple living rooms, dining areas and an enormous kitchen. (Per the MLS, that place is currently tied up in escrow with an unknown buyer.) "Now, I just buy as many houses as I can," she said. The ranch house where the famous American TV Talk Show host Ellen DeGeneres and her partner Portia de Rossi lives in Carpinteria, Santa Barbara. Madonna's Former Hollywood Hills Home Lists for $21 Million See Inside! Ellen DeGeneres has won several awards for her work including Daytime Emmy Awards (20012002), Peoples Choice Awards (20022005) and Primetime Emmy Award for Outstanding Variety Talk Series (2003). All Rights Reserved. The indoors of Ellens home may have caught your eye, but the Finding Dory stars backyard is even more impressive. Mark Wahlberg Slashes Price of Beverly Hills Mansion to $80 Million After Months on the Market See Inside! The pair is constantly making real estate moves, particularly in the tony coastal California town of Montecito, and just after listing a property in the area for $13.9 million last month, theyve bought another for $21 million, according to Dirt. Ellen DeGeneres, 65, was seen surveying newly leased restaurant space in Montecito with East Rock Capital co-founder Graham Duncan, 48. Thats $1.5 million more than the couple paid for the place a little over six months ago, back in September 2021. The property notably does not currently include a swimming pool, though the listing notes there is plenty of room for that or a guesthouse. However, the place is already equipped with high-tech acoustic fending for noise reduction, a big benefit given the property backs directly up to the local Santa Barbara train tracks, and bustling Highway 101 just beyond that. DeGeneres showed followers a creek next to her house, which . DeGeneres has bought and sold many multimillion-dollar homes over the years, but her September purchase was the comedian's priciest ever, according to Variety. The buyer was Tinder co-founder Sean Rad, who subsequently married his longtime partner Lizzie Grover in a low-key wedding ceremony on the property. The stars open-concept home makes the mansion feel even bigger than it truly is. The couple just paid $14.3. Location Montecito, Calif. Price $5.85 million Year 1915 Specs 1,910 square feet, 3 bedrooms, 3.5 bathrooms Lot Size 8,276 square feet "Good things come in small packages," proclaims the listing for Ellen DeGeneres' charming cottage in the coveted Hedgerow District of Montecito, currently on the market for just over $5.8 million. Out of all the rooms in Ellens home, the living room is one of the biggest. Please enter a valid email address. Out front, a long driveway hewn from crunchy pea gravel leads past lush landscaping to a formal motorcourt. Inside, theres plenty of room for friends and family to visit as the area is fitted with two bedrooms, an office and a kitchen. The off-market deal, which closed in September, was the comedian's. Other homes the comedian has flipped over the years include a 26-acre horse ranch, a Malibu beach house that was previously owned by Brad Pitt, and the estate where Kim Kardashian married Kris Humphries in 2011. The comedian and entertainer and her wife, Portia de Rossi, are listing their Bali-inspired Montecito mansion for sale, after. The estate comprises a $41.7 million Tuscan farmhouse-style mansion and an adjacent 6.6-acre lot priced at $28.2 million. To see photos inside the couples 8,188-square-foot mansion, scroll through the gallery below! Riskin Partners Estate Group at Village Properties held the listing; Urry was repped by Cristal Clarke of Berkshire Hathaway. Dont misinterpret the lack of bedrooms for a lack of space the villa has11,947 square feet, much of that is generously divided up into sitting rooms and office space. They recently bought a luxury flip mansion for $12 million and plan to move there from their current home in Montecito. February 28, 2022 at 2:45pm PM EST. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. Theres also a detached studio building. 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