Ellen DeGeneres Sells $96 Million Southern California Compound to Billionaire Mining Magnate
Ellen DeGeneres and Portia de Rossi Sell $96 Million Southern California Estate to Billionaire Mining Tycoon. In a high-profile real estate transaction, Ellen DeGeneres and her wife, Portia de Rossi, have sold their sprawling Montecito property for an incredible $96 million. The buyer, a billionaire mining mogul whose identity remains private, now owns one of Southern California’s most lavish estates. This sale stands as one of the priciest real estate deals in the region. DeGeneres and de Rossi, recognized for their sharp real estate investments, originally bought the estate for $70 million in early 2021 and flipped it for a significant profit within just a few years.
In a blockbuster real estate deal, Ellen DeGeneres and her wife, Portia de Rossi, have sold their Montecito estate for a whopping $96 million. The buyer, a billionaire mining magnate whose identity has not been publicly disclosed, has acquired one of the most luxurious properties in Southern California.
A Record-Breaking Sale
According to Mansion Global, this property was sold “off-market,” which means it wasn’t publicly listed for sale. Such transactions are typical in high-end real estate, where privacy and discretion are paramount. The estate’s sale price reflects the premium value of Montecito, a region known for its exclusivity and celebrity residents.
A Coastal Retreat Like No Other
The estate is set on a blufftop in Montecito, offering breathtaking views of the Pacific Ocean. The compound spans over nine acres and includes several structures, each designed with a blend of historic charm and modern luxury. The main residence is approximately 10,000 square feet and features six bedrooms, eight bathrooms, and expansive living areas that blend indoor and outdoor spaces seamlessly.
The Robb Report describes the estate as having “a resort-like atmosphere,” with amenities that include a state-of-the-art gym, a luxurious spa, and an infinity pool that overlooks the ocean. The property also boasts extensive gardens, a guest house, and multiple outdoor entertainment areas, making it an ideal retreat for privacy and relaxation.

Representatives involved in the transaction have praised the property for its unique combination of location, design, and amenities. A spokesperson for the buying party remarked, “The allure of Montecito, coupled with the unmatched quality of this estate, made it a highly sought-after asset. It’s rare to find a property that offers such a comprehensive package of luxury, privacy, and natural beauty.”
While the identity of the new owner has been confirmed as a billionaire mining magnate, further details about the buyer remain under wraps. This acquisition adds to the growing trend of ultra-wealthy individuals investing in prime real estate in Montecito, an area known for its exclusivity and celebrity residents, including Oprah Winfrey, Prince Harry, and Meghan Markle.
Montecito has long been a favored destination for celebrities and affluent buyers seeking privacy and luxury. The area is home to many high-profile residents, including Oprah Winfrey, Prince Harry, and Meghan Markle. The sale of DeGeneres’ estate further solidifies Montecito’s status as one of the most desirable real estate markets in the country.
As Mansion Global noted, the sale price of $96 million is “among the highest ever recorded in Montecito,” reflecting the escalating values in the region. With its scenic views, temperate climate, and proximity to Los Angeles, Montecito continues to attract billionaires and celebrities looking for the perfect blend of tranquility and sophistication.
Ellen DeGeneres’ latest real estate success is a testament to her and Portia de Rossi’s remarkable ability to identify, enhance, and sell high-value properties. The $96 million sale of their Montecito compound not only highlights their expertise in the luxury market but also underscores the enduring appeal of Southern California’s most exclusive neighborhoods. As luxury real estate continues to thrive, particularly in Montecito, this transaction stands out as a milestone in a market defined by its extraordinary properties and elite clientele.