Ellen DeGeneres Already Discounted Her Historic Santa Barbara Estate by $1 Million

She bought the equestrian property less than a year ago.

Ellen DeGeneres
Ellen DeGeneres picked up the property for $6.7 million less than a year ago. George Pimentel/Getty Images for TINEPARK

Ellen DeGeneres and Portia de Rossi are keeping busy with their favorite hobby this summer. The constant home flippers are always buying and selling pricey real estate, but they’ve actually decided to lower their expectations a tad in Santa Barbara. The couple originally listed their 10.06-acre California spread for sale back in May, sticking on an $8.95 million tag, and now they’ve already lowered the equestrian property by exactly $1 million.

DeGeneres and de Rossi paid $6.7 million for the 1,959-square-foot house in a secret off-market deal less than a year ago, reports Variety, but perhaps they were always planning on just using this one as an investment property. Or, maybe they just get bored quickly.

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The main residence is a three-bedroom, 3.5-bathroom “deconstructed farmhouse,” originally built in 1917, per the listing held by Compass broker Suzanne Perkins.

The main floor has an open layout, with wide plank oak floors throughout. The kitchen is outfitted with black granite countertops, grey cabinetry, stone slabs and stainless steel appliances. There’s a living and dining area with a painted stone fireplace surrounded by a metal mantle, as well as a newly built solarium.

The master suite features vaulted ceilings, custom lighting, a fireplace and French doors that lead out to a private covered veranda, as well as a bathroom with a freestanding tub and separate glass-enclosed shower.

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Coming Soon! Offered at $8,950,000 ToroFarmhouse.com This pastoral equestrian property consists of two parcels totaling 10.06± acres with stunning mountain views and ocean vistas. This hip Santa Barbara hideaway is set among lush gardens and ancient specimen trees with a beautifully renovated 1917 farmhouse and a 100-year-old two-story barn. The stunning grounds include an over-sized pool and waterfall spa surrounded by landscaped gardens, and a fenced pasture with dramatic ocean views. Co-Listed with Riskin Partners of Village Properties. #SuzannePerkins DRE#01106512 #Compass #AgentsofCompass #RobertRiskin #DRE#01954177 #Sarah Hanacek #DRE#01447045 #Dina Landi DRE#01815307 #Jasmine Tennis #DRE#01951069 #VillageProperties #Renovation #LuxuryRealEstate #Montecito #MontecitoRealEstate #Dreamhouse #Farmhouse #equestrian

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There’s also a century-old barn on the property, as well as a pool, spa, various terraces and, of course, pastures, because don’t forget this is an equestrian estate.

This particular home is located between Montecito and Carpinteria, two locales DeGeneres and de Rossi are quite familiar with. They appear to be packing it up in Carpinteria, though, as they listed their beach home in the enclave for $24 million earlier this summer—it’s now in contract.

Ellen DeGeneres Already Discounted Her Historic Santa Barbara Estate by $1 Million