Ellen DeGeneres Drops $27M On California Mansion A Year After 'Permanent' Move To U.K.

Core Insights - Ellen DeGeneres and Portia de Rossi have purchased a mansion in Montecito, California for $27.4 million, marking a significant real estate investment after relocating to the U.K. [1][3] - The property was previously owned by Hollywood producer Brian Grazer, who acquired it for $7.6 million in 2012, resulting in a nearly 4x return on investment due to extensive renovations [2][6]. - The couple's purchase has raised questions about their long-term residency plans, especially after their move to the Cotswolds in the U.K. in late 2024 [3][4]. Property Details - The Montecito estate spans 3 acres and features a gated entrance, a primary residence, and two guest cottages [3]. - The couple's previous U.K. farmhouse has been on the market for approximately six months with an asking price of $30.1 million, showcasing a blend of period character and modern design [5]. Investment Trends - DeGeneres' return to Montecito highlights the appeal of the Santa Barbara coast for ultra-high-net-worth individuals, indicating a trend in real estate as a primary asset class [6]. - The couple's real estate activities suggest a strategic approach to investment, as evidenced by DeGeneres' sale of a Carpinteria estate for $96 million prior to their move abroad [6].