Ellen DeGeneres & Portia De Rossi Sell Montecito SFR For $55M
Montecito, CA, USA
$55,000,000
$6,111/SF
Building Size
9,000 SF
Asset Type
Single Family
Closing
Oct 26, 2021
AI
Portia de Rossi and Ellen DeGeneres have sold their property in Montecito for $55,000,000. The property is a single-family residence sitting on approximately 4.3 acres of land. The house spans 9,000 square feet, with a price per square foot of $6,111.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $55,000,000
- Market: Montecito
- Acreage: 4.3 acres
- Square Footage: 9,000 square feet
- Price per Square Foot: $6,111
The sellers of this property are Ellen DeGeneres and Portia de Rossi. This transaction represents a significant sale in the Montecito market. The property features spacious living areas, stunning landscaping, and a prime location. The deal was closed on October 26, 2021, marking the end of an era for the celebrity couple.
Players
Santa Barbara Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93