Popular American TV personality Ellen DeGeneres has sold a blufftop home near Santa Barbara, California, that she flipped for a whopping $96 million.
The buyer of the California megamansion is mining magnate Robert Friedland, who founded Ivanhoe Capital. The sale was first reported by Wall Street Journal. DeGeneres made a $26 million profit from the sale.
DeGeneres, 66, is known for her lucrative real-estate flipping habit. The TV host and wife, Portia de Rossi, 51, bought the estate in two parts. First was the main property for $41.7 million back in 2022. The main property featured five bedrooms and eight bathrooms on a 3.44-acre plot. The couple later bought an adjacent 6.58-acre plot for $28.2 million with the aim of creating a jaw-dropping 10-acre estate atop the bluff overlooking the ocean, per the New York Post.
At the time, the sale was the most expensive real estate deal closed in Santa Barbara County.
The estate now features a roughly 8,000-square-foot main home, a cabana, and a guest cottage. It also features an open-plan kitchen, high ceilings, exposed wooden beams, and red brick accents.
DeGeneres' Other Properties
This is not the first time DeGeneres has sold a property to Friedland. In February, the couple sold a Mediterranean-style estate in Montecito to the mining magnate for $32 million. That home was also flipped by the celebrity couple, who bought it for nearly $10 million less in June 2023. It is unclear how much DeGeneres spent on flipping the Montecito estate.
In 2022, the couple purchased a three-bedroom, 12,000-square-foot Montecito mansion for $21 million. They sold it to talent manager Scooter Braun for $36 million six months later, according to Architectural Digest.
In the same year, DeGeneres and Rossi picked up a 1915 Montecito cottage for $5.4 million. They listed it for $5.8 million. They also bought a Bel Air home for $29 million in an off-market deal. That home boasted three bedrooms and six bathrooms and was designed by Richard Neutra.
