You win some and you lose some, the saying goes. And so it is for Hollywood A-Listers Ellen DeGeneres and Portia de Rossi when it comes to their properties (although real estate losses are pretty rare for the savvy duo). Coming off one of their busiest years in real estate which ended with the purchase of a colossal ten-acre property in Carpinteria that broke county price records with its $70 million price tag, the couple is taking a small loss on their Hedgerow District cottage.
After purchasing the 1915-build for $5.4 million last April, DeGeneres and de Rossi threw the property back onto the market for $5.8 million in November. Alas, this month, they were able to fetch only $5.1 million for the historic digs, according to Dirt, taking a relatively small $300,000 loss on the transaction.
Sitting on less than a quarter of an acre, the estate holds a small two-bedroom, three-bathroom main house; a one-bedroom, one-bathroom guest house; an accessory unit; a separate one-car garage; and a few spots set up for outdoor dining. A cheerful bright red door greets visitors at the entrance of the u-shaped main house. Inside are updated interiors where contemporary feather gray and white wall treatments balance historic crown molding and columns. Dark hardwood floors are found throughout the home and the living and dining rooms are capped by vaulted ceilings. Natural light enters the cozy home through wide windows and large glass French doors.
As far as we know, this sale marks the second real estate transaction of 2023 for the former talk show host and the Australian-American former actor. The unusual loss probably did no significant damage to their bank accounts, however, as their wins are typically huge. On top of the stellar real estate year the two had in 2022, their January transaction brought in $21 million from the second-time-around sale of historic Rancho San Leandro, which they bought for $14.3 million in 2021. This was their second profit on the same property as they first purchased it for $7.1 million in 2017 and flipped it in 2018 for $11 million.
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