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Montecito, CA, USA

Ellen DeGeneres & Portia De Rossi Sell Montecito SFR For $55M
SOLDSingle Family

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

Portia de Rossi

Portia de Rossi

Broker

$178.7M

vol

8 deals

Broker

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