Ellen DeGeneres Sells Massive Estate for $47 Million Two Years After Buying It: See Inside

by Jennifer Shea
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Comedienne and talk show host Ellen DeGeneres has sold her huge Beverly Hills home for $47 million. She bought the property from Maroon 5 lead singer Adam Levine for about $45 million two years ago.

DeGeneres had listed the property for $53.5 million, according to TMZ. But DeGeneres accepted a lower offer because she no longer spends much time in Los Angeles, except when she’s taping her talk show. She and wife Portia de Rossi are living full-time in Montecito, a wealthy enclave about an hour and 45 minutes north of Los Angeles in Santa Barbara County.

See inside the massive estate DeGeneres just sold here:

Ellen DeGeneres Recently Bought a $49 Million Compound in Montecito

In December, the news broke that DeGeneres had bought an estate in Montecito that used to belong to “Saturday Night Live” alum Dennis Miller. It was an off-market deal, per Insider. And it was DeGeneres’ most expensive one yet.

The talk show host has a habit of flipping multimillion-dollar homes, often in deals with other celebrities. She began doing that in 2006, when she sold the Hollywood Hills home she had bought for $6 million in 2003 to Will Ferrell for $9 million.

In fact, it can be tough to keep track of all the expensive homes DeGeneres is buying and selling at any given time. In 2019, she and de Rossi sold three homes and bought two new ones.

Their new Montecito place is actually a sprawling, 4.3-acre compound that includes five buildings – a 9,000-square-foot main house, a guest house, a pool house, a detached garage and a barn.

Forbes has estimated DeGeneres’ net worth at $370 million.

Talk Show Host Grew Up Poor

Growing up in Louisiana, Ellen DeGeneres wasn’t well-off. Her family never owned a house. And they moved roughly every two years, so DeGeneres and her brother had to start at new schools constantly.

After a brief stint at the University of New Orleans, DeGeneres worked odd jobs for a while – retail, house painting, car washing, bartending – and once again found herself short on funds. She vowed that if she ever had money, she wouldn’t be parsimonious.

“I am always going to just get what I want, I’m going to do what I want. Because I know there is an abundance and I will always have enough,” DeGeneres once said on her talk show. “That’s how I live my life.”

“You shouldn’t live your life in fear of money,” she added.

Outsider.com