Overview of Recent Purchases

In 2020, following the sale of their Beverly Hills mansion for $45 million, Ellen DeGeneres and Portia De Rossi embarked on an extensive real estate acquisition journey in the Santa Barbara region. Their purchases included:

• A stunning compound previously owned by comedian Dennis Miller, acquired for $49 million.
• The repurchase of a $14.3 million ranch from Tinder co-founder Sean Rad.
• A charming 1950s bungalow near Butterfly Beach, purchased for $2.9 million.

Profitable Flips and Recent Sales

The couple has successfully flipped several properties for significant profits. Notably, they sold the Miller compound for $55 million to an undisclosed buyer and offloaded the historic Rancho San Leandro hacienda to Bumble founder Whitney Wolfe for $21 million in an off-market transaction. Their recent sale of the bungalow produced a bidding war, culminating in a sale price of $5.2 million—exceeding their asking price and yielding a $2.3 million profit from their original investment.

Property Features

The recently sold bungalow, nestled at the end of a shared driveway on a half-acre lot, was built in 1954. The one-story home boasts approximately 1,700 square feet of beautifully renovated living space. Its striking features include:

• Vaulted ceilings with whitewashed exposed beams.
• An open-concept great room with a living area, dining space, and a modern kitchen featuring Portuguese limestone countertops and high-end stainless appliances.
• A secluded primary suite with a patio, walk-in closet, and a luxurious spa-like bathroom with a soaking tub.
• An enclosed patio with a fire pit and water feature, perfect for entertaining.

Current Property Holdings and Future Plans

Currently, DeGeneres and De Rossi continue to maintain at least two properties in Montecito: a Roman-style estate known as Pompeiian Court, re-acquired last year through a property exchange with billionaire Robert Friedland, and another smaller residence in the vicinity. Although they have largely relocated to the U.K., they are reportedly exploring options for a modern house in the Cotswolds, prompted by challenges related to flooding and neighborhood feedback on construction at a recently acquired farmhouse.