This week in celeb real estate: Sugar Ray Leonard looks for knockout buyer, Ellen DeGeneres flips another home…and more

Jul.July 26, 2019 05:00 PM
Sugar Ray Leonard and the Pacific Palisades home, and Ellen DeGeneres and the home (Credit: Getty Images)
Sugar Ray Leonard and the Pacific Palisades home, and Ellen DeGeneres and the home (Credit: Getty Images)

The week in celebrity real estate wouldn’t be complete until Ellen DeGeneres got into the action. This week, the talk show host and real serious estate investor sold one of her many homes, nabbing a tidy profit just weeks after listing it. There was also a new record set in Thousand Oaks, as well as a massive $50 million listing in the Palisades from boxing legend Sugar Ray Leonard.

He is looking for a knockout sale in the Pacific Palisades. The former champion has put his 2-acre home on the market for $52 million. He purchased it for less than $10 million in 1993. The estate features a 16,700-square-foot main home with seven bedrooms, a two-story guest house, swimming pool and tennis court. Leonard, who won five world titles, retired in the late 1990s.

In Carpinteria, DeGeneres completed another profitable home flip. The talk show host — and serial home flipper — landed $23 million for her 1-acre beachfront estate, Variety reported. The buyer was Jamie Kern Lima, founder of IT Cosmetics, and her husband Paolo Lima. DeGeneres and her wife, Portia de Rossi, listed the property for $24 million mid-July, a 29 percent hike from the $18.6 million they paid for the home less than two years ago. The residence includes a 6,860-square-foot home, a guest house and tennis court.

Movie producer Thomas Tull has broken his own record in Thousand Oaks. The Legendary Entertainment founder sold his compound for $35 million, which was 60 percent less than its original ask. He first listed the mansion for $85 million last year. Tull set the last Conejo Valley record when he purchased the main 16-parcel part of the estate in 2011 for $19.2 million. The property includes a 32,000-square-foot chateau, an 11,000-square-foot guest house, a two-story studio and auto museum, and 10 other structures.

A Culver City-based artist has found new digs in the Trousdale Estates. Ed Ruscha paid $8.4 million for a 3,400-square-foot pad, originally built for a law professor and psychiatrist. The home includes three bedrooms and four bathrooms. The home, originally listed for $9 million, is one of many the artist holds in his portfolio. Ruscha and his wife own another home in the same neighborhood, two properties in Malibu, and a property near Marina Del Rey. In total, his trust is listed as the owner of 11 properties in the L.A. area, according to county records.

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