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.
Today 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.
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.
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.
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.
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.
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
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.
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?
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.
About Teresa Mears
Teresa Mears is a veteran journalist who has been interested in houses since her father took her to tax auctions to carry the cash at age 10. A former editor of The Miami Herald's Home & Design section, she lives in South Florida where, in addition to writing about real estate, she publishes Miami on the Cheap to help her neighbors adjust to the loss of 60% of their property value.