Overview of Recent Sales

In a series of high-profile real estate transactions, Ellen DeGeneres and Portia De Rossi have capitalized on their investment strategies. Following a lucrative sale in 2020 of their Beverly Hills mansion for $45 million to a San Francisco venture capitalist, the couple embarked on a notable buying spree in the Santa Barbara region.

Recent Acquisitions and Sales

The couple’s real estate portfolio expanded significantly with the acquisition of a $49 million compound from comedian Dennis Miller, the repurchase of a previous $14.3 million ranch from Tinder’s Sean Rad, and a charming 1950s bungalow near Butterfly Beach, acquired for $2.9 million.

Demonstrating their real estate expertise, DeGeneres and De Rossi flipped the Miller property for $55 million to an undisclosed buyer and sold the historic Rancho San Leandro hacienda, adjacent to Oprah Winfrey’s estate, for $21 million to Whitney Wolfe, the founder of Bumble. Recently, they successfully sold the small bungalow in a competitive bidding atmosphere for $5.2 million, exceeding the asking price of just under $5 million by approximately $200,000. This sale marks a profit of $2.3 million over their original purchase price four years prior.

Property Features

The recently sold bungalow, nestled at the end of a lengthy shared driveway, occupies a nearly half-acre parcel surrounded by palm trees. Originally built in 1954, the single-story residence has undergone extensive renovations, boasting approximately 1,700 square feet of modern living space enhanced with glass elements.

Interior features include vaulted ceilings with whitewashed exposed beams, an open-concept design that integrates a fireside living room, dining area, and a stylish kitchen fitted with Portuguese limestone countertops and premium stainless-steel appliances.

Additional highlights include a small guest bedroom, a full bathroom, a laundry room, and a secluded primary retreat that features its own patio, a walk-in closet, and a luxurious spa-like bathroom complete with a soaking tub. An enclosed patio off the living area offers a fire pit and water feature, while a carport provides convenient parking.

Future Plans and Market Position

While the couple has largely relocated to the United Kingdom, they are reportedly in search of a modern home in the Cotswolds, following challenges with flooding and neighbor complaints over construction at an $18 million farmhouse. They still maintain their presence in Montecito, retaining ownership of a $32 million estate named Pompeiian Court, which they reacquired last year as part of a property exchange with billionaire Robert Friedland, alongside another nearby residence.

Real Estate Representation

The recent sale was facilitated by Riskin Partners Estate Group of Village Properties/Forbes Global Properties, while the buyer was represented by Mark Bacino of Keller Williams Realty.