TV Host & Avid House Flipper Ellen DeGeneres Has Officially Parted With Her Beach Mansion–This Is How Much It Sold For
It’s no secret that comedian and host Ellen DeGeneres is one of Hollywood’s most prominent house flippers. And she proved her skills yet again with the fast sale of her stunning Carpinteria, California home.
According to Mansion Global, the 61-year-old television personality has found a buyer for the beachfront property just less than a week after listing it for sale. What more, DeGeneres managed to part with the home with a profit of about $4.4 million. In comparison, she reportedly bought it for $18.6 million back in 2017. It’s worth noting though that the home was listed first for $24 million back in late June.
The star allegedly bought it through trust and listed Harley J. Neuman, her business manager, as the trustee. Neumann has actually been registered as such in most of DeGeneres and her wife Portia de Rossi’s recent real estate dealings. As for the new owner of the Carpinteria property, Variety reports and records show that Jamie Kern Lima, co-founder and CEO of IT Cosmetics, bought the home using a limited liability company.
Considering the many fantastic features of the almost 7,000 square feet property, Lima is one lucky new homeowner. Coming with 77 feet of beachfront area, the house seems like every beach lover’s dream come true. Not to mention, views of the ocean are practically visible throughout the home’s interiors from the living room to the four bedrooms to the attached seaside deck just outside.
Other notable features include a central enclosed courtyard, which comes with its own fireplace, as well as a private rooftop patio, where one can bask at the scenic views or host some guests. Also within the compound are a lighted tennis court and a separate guesthouse, which provides one more bedroom and a modern living room with a wet bar. According to Variety, the property once belonged to Robert F. Maguire III, a prominent developer from Los Angeles, who lost it in a foreclosure.
So, why did the couple decide to part with such a beautiful property? Well, apparently, they don’t want to have too many homes concentrated in the same area after they just bought a $27 million mansion in Montecito, California earlier this year. The Balinese-inspired abode was reportedly bought by DeGeneres at a great bargain since it was actually listed for $40 million at first. Built in 2011, the house features lots of exotic design elements from bamboo ceilings to distressed oak floors. What more, the property’s former owners reportedly spent quite some money and time into the five-bedroom home so DeGeneres might not need to do too much to it.
The current year has actually been a busy one for the celebrity house flipper as she’s also listed a $17.95 million Beverly Hills bungalow last March and bought a $45 million mansion in the same area from musician Adam Levine in May.
More in Loans & Credit
Level Up Your Investment Strategy With These Valuable Tips From a Legendary Investor
Investing in appreciating assets like stocks and bonds is one of the many ways people can grow their money. However, not...December 26, 2019
This Is The Important Personal Finance Issue You Need to Deal With After Celebrating Your 26th Birthday
Americans consider their 21st birthday as a milestone to note. After all, reaching this age means one is an official adult...December 25, 2019
Billionaire & Luxury Car Collector Lawrence Stroll Is On An Auto Takeover As He Eyes A Large Stake Of This Iconic Car Brand
Although Canadian businessman made his billion-dollar fortune investing in the fashion industry, it looks like his real passion lies in cars....December 24, 2019
Tesla CEO Elon Musk Is Setting Out To Be The Real Estate King of Bel-Air– Check Out His Jaw-Dropping House Collection In The Ritzy Neighborhood
Billionaire Elon Musk is perhaps one of the most vocal businessmen around. In fact, some of his Twitter statements have actually...December 23, 2019
Chipotle CEO Brian Niccol Has Been Dreaming of Adding This Tasty Item on The Menu & It Might Finally Be Happening Soon
Being the CEO of a giant company is no easy job. One needs the ability to be able to make major...December 20, 2019
Knowing How Much These Record-Breaking Mansions Were Sold For Will Make Your Jaw Drop
According to sources, the average American home costs around $250,000. While this amount may be high to some, it’s but a...December 19, 2019
These Are The Important Things People in Their 20s Should Really Know About Work & Life Before They Settle Down
While people see their 30s as a time to settle down, get a serious job and start a family, the young...December 18, 2019
Owning a House in Your 20s May Be Impressive, But You May Want to Do These Things First
Whenever we watch TV shows that focus on the lives of people in their 20s up to their early 30s, we...December 16, 2019
Take a Look at Barack and Michelle Obama’s New Property in Martha’s Vineyard
It has been almost three years since the Obamas left the White House. Since then, their home is still in Washington,...December 13, 2019