Listing of the Week: Ellen's and Portia's estate

The couple are selling the compound they amassed, renovated, decorated and even got married at. In seven years, they've owned seven homes.

By Teresa at MSN Real Estate Oct 7, 2011 12:14PM

Photo courtesy of Realtor.comToday we go into the high-end celebrity world for our Listing of the Week: Ellen DeGeneres' and Portia de Rossi's three-acre compound in Beverly Hills, Calif.

The property includes a 9,200-square-foot main house, plus a separate three-bedroom house and two guest houses, a pool and great city views. It's offered for $49 million, a big price even in Beverly Hills, but at that price it may not be a profitable deal for its owners.

 

DeGeneres likes real estate and has bought and sold more homes than she can count. She and De Rossi have owned seven homes in the seven years they've been together, and they were married on the grounds of this house. The couple also have another property on the market, a 26-acre equestrian paradise with eight cottages in Hidden Valley, Calif.

 

The Beverly Hills spread is featured in this month's Architectural Digest.


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"We never had a house when I was growing up," DeGeneres said to Architectural Digest. "We always rented. But my father would dream, and we used to look at houses all the time. I’d pick out which bedroom would be mine and get all excited."

 

From the interview with AD:

"The first thing I did when I made money was buy a house. And then —"

"Another one," De Rossi says. "And another one and another one and another one ..."

If you want to read the rest of the story, you'll have to buy the magazine, which comes out Oct. 11.

But you can see the Architectural Digest photos here and even more photos at the listing agent's website.

 

The Real Estalker outlined the history of the property:

In the fall of 2007, the property-mad pair coughed up an almost unbelievable $29 million for the main portion of the compound, which they bought from residuals-rich Will & Grace co-creator Max Mutchnick. A few months later, the compound-loving ladies shelled out an additional $8.5 million for the property next door that they razed and replaced with a serene, watery garden with long views down the rugged, mansion-dotted canyons and over the twinkling lights of La-La Land.

The following June, the real-estate flip-floppers spent $5 million for an adjacent fixer-upper and, just a month later, they shelled out another $5.5 million for a hillside house with oblique views into the backyard of the main house. Altogether, according to our ever-present bejeweled abacus, the Misses DeGeneres and de Rossi dumped an astonishing 48 million clams for the various properties that comprise the compound, not counting renovation and customization costs.

Rumors that the property was on the market began last February, and it was listed for sale last spring at an undisclosed price, rumored to be $60 million. It reappeared this week in the multiple-listing service with an asking price of $49 million.

Lookers have included Formula One Racing heiress Tamara Ecclestone, perhaps seeking a spread to rival that of her sister Petra, who bought Candy Spelling's 57,000-square-foot home for $85 million in June. But Ellen's and Portia's place apparently wasn't what Ecclestone was looking for.

 
22Comments
Nov 29, 2012 12:18PM
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I would love to see their honeymoon video!
Oct 8, 2011 9:49AM
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@parent1...

What makes you think you deserve a piece of anyone's pie???  People who are wealthy got that way because they worked hard at their livelihood OR inherited it from their ancestors who worked hard.  This does not translate to you, me, or the guy down the street being deserving of a piece of their pie.  If you want to be wealthy, maybe you need to study what wealthy people do.  There are several books on the subject and you can even save money by renting them at your local library.  Get a second job perhaps.  If you have children (which it sounds like you do from your profile name) there are jobs you can do from home to make that extra money.  Google the name Tory Johnson.  You will get many ideas for a jumping off point from her.  The bottom line is, none of us deserve a piece of anyone's pie.  It is called capitalism, i.e., a free-market system where anyone is able to earn an unlimited amount of income IF THEY TRY.  it is extremely irritating to me when I see people post and whine about so and so is rich and I don't have anything.  Rather than whine about wanting a piece of DeGeneres' and De Rossi's pie, why don't you try earning your own.

Oct 8, 2011 9:01AM
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Here are the Poster people for the Obama wealth tax!  And I will bet you that they have a group of tax accountants that they will write everything off and pay less taxes that a family of 8 living in East Los Angeles making minimum wage.

Oct 8, 2011 8:58AM
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To parent1....just to let you know, my pie is MY pie. With lots of hard work and saving (doing without a lot of the things I would like to have had), just so we could have a little in our  later years. I have no intention of letting anyone get a slice of my pie!!!!!  Especially you people who think that because I have some--you deserve some of mine.  Get off your behind.
Oct 8, 2011 8:26AM
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Lysol was invented for situations just like this.
Oct 8, 2011 7:52AM
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Who wants to know what Ellen is asking for her house when the middle class is hurting.  Was this info. necessary...I mean $49 mil for her living quarters.....and how much will you give to charity or the gay movement...that would make a good story.....You success is wonderful and 'you be funny'.....7 homes in 7 years.....I guess you get bored easily.  Hi to 'Porsche', she seems awfully nice.
Oct 8, 2011 7:12AM
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Celebrities buy things.  This is what they do.  Don't tell me that anybody who posted on this board wouldn't buy beautiful, lavish things if they had unlimited money. Anybody that has nasty things to say is probably just jealous deep down.  There is no reason to begrudge somebody just because he or she is successful.  Would someone please tell what sexual orienation has to do with buying homes??  This article was written about Ellen and Portia's homes...not what they did in the privacy of their own bedroom last night!!!      
Oct 8, 2011 6:16AM
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The bottom line in all of this, is that nothing here on earth is ours. It is Gods and he gives and takes away. The bible says we are to be good stewarts of what we have big or small. Everyone has a judgement day so why are we worried about their wealth and what they have. Sure can't pay your way into heaven, that is for sure. God sees out hearts and how we love one another. Do not jealousy and anger toward them build up, not worth it. Our treasures are stoed up in heaven, now thats what I am talking about..NO TAXES..LOL.
Oct 8, 2011 5:49AM
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Really? You dont know why we like you?  We llike you, Ellen, because you are witty, honest and downright hilarious in your take on life.  You are soo funny!  Being gay has nothing to do with that.  I dont watch you because you are gay.  I enjoy your show, your books, your stand-up comedy.  Occasionally I dont like your joke, but then I have those moments with every comedian I have ever heard.  You are not a gay comedian.  I am not a straight CSR in my career.  Separate the two and you will understand you are just funny.  Of course we like you!
Oct 8, 2011 5:35AM
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I wonder...if and when the law changes for the millionaires; for instance, the top paid journalists, comedians, celebrities, if they will happily start spreading their wealth? I just can't wait, matter of fact very eager to see, because I want my share of their pie. 
Oct 8, 2011 5:30AM
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I guess hard time has fallen upon both of them. Ellen DeGeneres is suppose to be one of the super rich in Hollywood. and now she and Portia de Rossi are selling their 3 arce compound. I guess there isn't enough  money to pay for the up keep. I haven't seen Portia de Rossi in any new tv shows that must mean that Ellen DeGeneres is bringing home the bacon and Portia de Rossi is there for the ride. This is what happens when celeberities bite off more than they can chew. If this were good time and both of them were working they would be buying the "Ponderosa". This is a prime example that the super rich in Hollywood are hurting just like the of the people. I guess the both of them are going to move into a smaller compound with less up keep. Ellen DeGeneres should tell Portia de Rossi to get a job and help support their soon to be new house. These two are pathetic.
Oct 8, 2011 5:21AM
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Who really cares what they do and why.
Oct 8, 2011 4:23AM
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How the hell can people get religion confused with real-estate.  I mean really........you people need to get a life.  These are two people like anyone else that are fortunate enough to have the opportunity to buy and sell homes.  They have worked hard in their craft, entertainment, and reward themselves with the money they have worked hard for.  So all you nay-sayers get a life and re-read your "Bible" again.  Maybe you will find that "GOD" LOVES ALL HIS or HER CHILDREN.  No matter race, color, sex, and orientation.  This comes from "STRAIGHT" person who is just sick of you people!!!!!!!!  Good for Ellen and Portia

Oct 8, 2011 4:05AM
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Some of your posts are too much - Ellen and Portia are successful - good for them! I have no desire to live in L.A. because of the traffic, crime, smog, etc...but if I were to live there, I would do my best to find a piece of paradise like these gals have. They both have worked very hard to get to where they are , and continue to work very hard to stay there.....neither one of them was born into money...they worked their butts off to make it - don't dog them for it -be inspired by it.

Oct 8, 2011 3:49AM
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I like Ellen..it's people like the Ecclestones that make me sick. Greed,greed,greed.
Oct 8, 2011 2:43AM
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All who watch her TV show add to her fortune, ratings keep a show on the air and in essence keep those big bucks going to Ellen and the greed she now into. Share the wealth Ellen, remember those poor folks who put you where you are, so much cash you don't know what to do with it,  like every other rich person, the more they get, the more they got to have, forget us little folks who are lucky to buy groceries and pay the rent, forget it, living under a tree or a bridge, perhaps a tent for the more elite poor is fastly becoming our options. And 1% own all the wealth in the world, oh how pitiful is that?
Oct 8, 2011 2:38AM
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so why cant anyone post what they want? everything is sh....t these days no freedom of speech unless you say exactly what they what you to say on these blogs.

 

 

 

Oct 8, 2011 2:31AM
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When they say a Fixer uper in Beverly Hills they mean a run down piece of Crap for $600,000 not really worth $100,000. 
Oct 8, 2011 2:28AM
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And the Wealthy simply can't afford more taxes with all the costs and all the renovation.  
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