Ellen DeGeneres Reportedly Flips Marvelous Montecito Estate for $11M

Randy Holmes via Getty Images; realtor.com

Talk show host Ellen DeGeneres has done it again. She and her wife, actress Portia de Rossi, have orchestrated a successful off-market flip in Montecito, CA, for $11 million, Variety reports. The couple snapped up the equestrian estate, known as Rancho San Leandro, eight short months ago for $7.2 million. Which makes the sale impressive and profitable.

Despite being ravaged by mud slides earlier this year, the picturesque coastal community offers exclusive and highly desirable real estate.

This stunning and historic horse property includes almost 6 acres of olive groves, rose gardens, private courtyards, verandas, and professional-quality equestrian facilities in a guard-gated facility.

The beautiful compound with ocean and mountain views includes an original 2,750-square-foot adobe structure from 1850, as well as an addition from 2004. The spread has four bedrooms and 4.5 baths.

Rancho San Leandro

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Courtyard

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50-foot-long living and dining room

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The dramatic 50-foot-long living and dining space features fireplaces on either end. The country kitchen features an original copper sink and large counter. A breakfast room with French doors opens to gardens, and the master bedroom comes with a fireplace. The billiard room and wine cellar are downstairs. Finishes include adobe walls and tiled floors.

The 3,600-square-foot guesthouse is accessible through the central courtyard. The layout includes a sunken living room with stone fireplace, full kitchen, and French doors that open to a covered porch.

Connecting the two buildings is an impressive outdoor entertainment area a fireplace, and dining and sitting areas.

Another bonus: You’re neighbors with Oprah! This property adjoins the media mogul’s 40-acre estate, known as the Promised Land.

DeGeneres and de Rossi sold a luxury Los Angeles condo for $5.85 million earlier this year.

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