Tinder co-founder lists Montecito ranch. It wasn’t a match

Sean Rad bought the ranch last year from Ellen DeGeneres for $11M

Los Angeles /
May.May 17, 2019 09:00 AM
Sean Rad and the house (Credit: Twitter)
Sean Rad and the house (Credit: Twitter)

Some things just aren’t mean to be.

Tinder co-founder Sean Rad is looking to flip a Montecito horse ranch he picked up a year ago from Ellen DeGeneres, according to the Los Angeles Times.

Rad has listed the scenic six-acre compound for $12.7 million, or $1.3 million more than he paid for it last June.

He appears to be taking a note from DeGeneres and her wife, Portia de Rossi, who are accomplished house flippers.

They made a $4 million profit when the couple sold to Rad just eight months after they bought the property. The total added to the $150 million in real estate deals DeGeneres and de Rossi closed over the last two years.

Rad’s been wheeling and dealing himself.

Last year, he listed a home in the Hollywood Hills and then bought another in the neighborhood for $26.5 million.

House flipping remains popular across the U.S., making up as big a share of home sales as it did in 2006, just before the subprime mortgage crisis.

The main single-story home at Rad’s Rancho San Leandro home spans 6,700 square feet. There’s also a two-story guest house and horse facilities, including stalls and a riding arena. Rad is remodeling the property, according to the Times. Compass’ Susan Perkins has the listing.

Rad is currently duking it out in court with the owners of his former company.

Rad left Tinder in 2017 and together with co-founders and a group of Tinder executives sued Tinder’s parent companies for $2 billion, alleging IAC and Match Group swindled them on stock options. IAC and Match Group countersued Rad for $250 million. [LAT]Dennis Lynch 


Related Articles

arrow_forward_ios
Mark Burnett & Roma Downey with 23422 Malibu Colony Road in Malibu (Zillow, Getty)
Mark Burnett, Roma Downey seek to sell Malibu home
Mark Burnett, Roma Downey seek to sell Malibu home
Ben Affleck and 1172 Napoli Drive in Pacific Palisades (Getty Images, Redfin)
Ben Affleck lists Pacific Palisades mansion for $30M
Ben Affleck lists Pacific Palisades mansion for $30M
Michael Weinstock with 23754 Malibu Road
Beach house in Malibu’s Colony lists at $34.5M
Beach house in Malibu’s Colony lists at $34.5M
Jeffree Star and the home at 25220 Walker Road (Compass, Instagram via @jeffreestar, Getty)
Cosmetics guru Jeffree Star relocates to Wyoming after selling Hidden Hills estate
Cosmetics guru Jeffree Star relocates to Wyoming after selling Hidden Hills estate
Sarah Siegel-Magness and Cancha de Estrellas at 200 Lambert Road (Getty, Compass)
Carpinteria polo fields for sale at $50M
Carpinteria polo fields for sale at $50M
500-512 Perugia Way  and Sean Rad (Getty, Zillow)
Yvette Mimieux dual estate sells to Tinder co-founder for $35M
Yvette Mimieux dual estate sells to Tinder co-founder for $35M
Doctor Paul Nassif and 1035 Stradella Rd (Compass, Paul Nassif, iStock)
Reality TV stars converge on Bel Air mansion
Reality TV stars converge on Bel Air mansion
1814 North Doheny Drive in Los Angeles
How LA’s short-term rental stars cater to rich, famous
How LA’s short-term rental stars cater to rich, famous
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...