Ellen DeGeneres and Portia de Rossi Sell Bali-Inspired Montecito Estate for $33M

$39,900,000 | Built 2011 | 10,674 Sq. Ft. | 4 Beds | 5.5+ Baths | 9.24 Acres

Ellen DeGeneres and wife Portia de Rossi have sold their breathtaking Bali-inspired estate on 9.24 acres in Montecito in less than a month for $33 million as reported by Dirt. The celebrity power couple, who listed the residence in October for $40 million, had only lived on the property since January 2019, paying $27 million after negotiating it down from $35 million according to Mansion Global. It was built in 2011 and first hit the market in June 2017 for $40 million. An older listing described the residence as having a, “quintessential California indoor/outdoor comfort”, with, “Luxurious Balinese & Asian-influenced design.” The 8,188 square foot main house includes 3 bedrooms, 3 full and 3 powder rooms, while the 1,365 square foot guest house includes another 2 bedrooms and 2 baths, there is a 400 square foot office, 721 square foot cabana/exercise studio and over 1,200 square feet of garage space.

The grounds are as impressive as the residence with tropical plantings and a remarkable 60-foot x 18-foot basalt pebble infinity pool overlooking spectacular panoramic vistas of the ocean. Flipping homes is nothing new for Ellen and Portia. In recent years, the couple made a substantial profit after selling their 1930s villa designed by Wallace Frost. The couple purchased the historic property in 2013 for $26.5 million and sold it in 2018 for $34 million. American actor Rob Lowe also recently sold his incredible custom built Montecito residence for $45.5 million. Ellen and Portia’s Montecito estate had been on the market for $40 million with Riskin Partners Estate Group of Village Properties.