Serial home flippers Ellen DeGeneres and Portia de Rossi are at it again. This time, the famous pair are offering a historic Tuscan-style estate in the heart of Montecito, CA, for $46.5 million.

DeGeneres, a comedian and longtime talk-show host, and de Rossi, an actress, purchased the property for $22.5 million in June and transformed it into an exquisite home modeled after a Pompeiian villa.

“What makes Ellen so unique is that she focuses on restoring historic and special properties rather than just tearing down and building new,” says listing agent Robert Riskin, of Riskin Partners Estate Group.

All about the details

The ornate five-bed, 5.5-bath home was built in 1919. It features beautifully preserved architectural elements like grand columns, arched doorways, coffered ceilings, and intricate molding throughout.

All roads (and rooms) lead to the central courtyard, which includes a grand fireplace, fountain, and palm trees.

In good news for buyers who love the home’s California cool decor, it can convey with the sale. This Mediterranean-style masterpiece can be purchased fully furnished, so the new owner can enjoy every hand-selected antique rug, natural wood table, and comfortable sofa from the get-go.

Of course, living like an Italian aristocrat means you’ll have plenty of room to host and entertain guests. The 8-acre lot includes two guesthouses, a pool area that looks straight out of the movies, a chardonnay vineyard, and a tennis court surrounded by ancient species of trees.

“To have 8 flat and usable acres in the heart of Montecito is exceedingly rare,” Riskin says.

Over the years, DeGeneres and de Rossi have bought and sold a number of historic properties in the tony enclave of Montecito. Their most recent project was a charming three-bedroom cottage that they bought in April 2022 for $5.4 million. They listed it just a month later for $5,995,000, and it was sold in March for $5.1 million.

The post Ellen DeGeneres and Portia de Rossi Aim To Flip a Magnificent Montecito Mansion for $46.5M appeared first on Real Estate News & Insights | realtor.com®.