Santa Barbara’s most infamous home flipper is at it once more! Barely two years after Ellen DeGeneres dropped $70 million on two side-by-side properties within the unique seaside enclave of Carpinteria, the previous speak present host and her spouse Portia de Rossi have already bought the neighboring parcels of land, which relaxation atop a bluff overlooking the Pacific. As first reported by The Wall Street Journal, the clandestine off-market deal was inked for a whopping $96 million.
Information reveal the client is billionaire mining tycoon Robert Friedland—chairman of Ivanhoe Mines and a enterprise mentor of the late Steve Jobs—who’s extensively reported to have an estimated web value topping $3 billion. Avid actual property watchers will recall that this isn’t the primary actual property transaction within the Santa Barbara space between DeGeneres and Friedland. Earlier this yr Friedland and his longtime spouse Darlene paid DeGeneres and de Rossi a lofty $32 million for a rebuilt 1919 property in Montecito often called Pompeiian Court docket, solely to repurchase the 8-acre unfold just a few brief months later for a similar actual quantity.
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When DeGeneres and de Rossi paid retired hedge-fund supervisor and billionaire Bruce Kovner a speck underneath $70 million for the 2 neighboring parcels of land in Carpinteria in 2022, they doled out $41.7 million for a Tuscan farmhouse-style mansion set on 3.4 acres and concurrently paid one other $28.2 million for the largely vacant 6.6-acre plot of land proper subsequent door, which presently accommodates a small lake and huge lawns. Collectively, the 2 parcels create a 10-acre, absolutely contiguous compound with a non-public pathway resulting in the seashore beneath.
Although Friedland’s new Carpinteria advanced makes fairly a powerful property, it’s really lower than half of the unique 22-acre compound that was parceled collectively by Kovner and his partner Suzie starting in 2007. Based on WSJ, Kovner cobbled collectively the large web site over a number of years, spending round $110 million to purchase up adjoining properties as they turned obtainable.
After securing the land, it took one other a number of years to acquire permission to construct and full the non-public compound, which got here to be often called Sanctuary at Loon Level. The development and different enhancements value an estimated $50 million, per Kovner himself, and when accomplished, the huge property comprised two customized houses, every on their very own parcels, plus three further landscaped heaps linked by a non-public, gated street with a guard home. Earlier than DeGeneres and de Rossi purchased the portion they simply bought to Friedland, the Kovners’ complete unfold was put up on the market in 2021 at a hefty $160 million. The remaining house and two further parcels nonetheless owned by the Kovners are at the moment up for grabs at $75 million.
Friedland’s new compound boasts a five-bedroom, eight-bath house with simply over 9,000 sq. toes of residing area on three ranges. The beige-hued and terracotta-roof construction is adorned all through with excessive uncovered wood-beam ceilings, hardwood flooring, stone archways, and marble accents. There’s additionally a one-bedroom, one-bath guesthouse and an hooked up three-car storage flanked by a cobblestone motorcourt.
Particularly standing out on the principle degree is a hanging nice room displaying an enormous vintage hearth, together with a household room and eating space that hook up with a connoisseur kitchen outfitted with professional-grade home equipment, a middle island, and a duo of butler pantries. 5 en-suite bedrooms may be discovered upstairs, together with a main suite that comes full with a spa-equipped terrace and twin walk-in closets and baths; and the decrease degree has a wine cellar and a movie show with reclining leather-based seats.
Laced with olive bushes, the picturesque grounds host a marble mosaic pool, two spas, an out of doors kitchen, a number of hearth lounge areas, raised herb and vegetable gardens, and quite a few spots excellent for al fresco lounging and entertaining. A personal seashore space atop the bluff additionally has a fireplace pit, tiki torches, an vintage row boat, and a big stone eating desk with a customized umbrella wired for cellphone and Web entry.
Along with his Santa Barbara-area properties—which additionally consists of an oceanfront property in Carpinteria that he paid TELUS president and CEO Darren Entwistle just below $47 million for this previous February—Friedland additionally owns two side-by-side Beverly Hills estates, plus Zsa Zsa Gabor’s former Bel Air property, a luxurious flat in Singapore, and an oceanfront house in Thailand. As for DeGeneres and de Rossi, they nonetheless have a number of properties within the Santa Barbara space, together with a number of houses scattered round Montecito.
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