Ellen DeGeneres, real estate power player, flips another Beverly Hills home

DeGeneres and her wife, Portia de Rossi, slashed the price 13% from its original ask amid larger slowdown in the LA luxury market

August 27, 2019 05:00 PM
Ellen DeGeneres and Portia de Rossi with the home (Credit: Getty Images)
Ellen DeGeneres and Portia de Rossi with the home (Credit: Getty Images)

Celebrity power couple and home-flipping pros Ellen DeGeneres and Portia de Rossi sold another home in Beverly Hills.

The talk show host and her actress wife sold the Hollywood Regency-style home for $15.5 million, according to the Los Angeles Times. It solidifies yet another active year for DeGeneres in the real estate game.

But even DeGeneres isn’t immune to the stalling high-end market. The couple purchased the property 10 months ago for $15 million — amounting to a modest profit in comparison to some of her bigger trades. The deal also came after a roughly 13 percent price cut; it was first listed for $17.9 million.

The single-story home was built in 1962. It spans 5,100 square feet with five bedrooms — each with a private courtyard — four-and-a-half bathrooms, and an office and den. The property also features a built-in barbecue and a swimming pool.

It previously belonged to actress Marjorie Lord, who died in 2015. The first iteration was designed by John Elgin Woolf, and it was restored by design firm Marmol Radziner

Kurt Rappaport of Westside Estate Agency had the listing. Stephen Resnick and Jonathan Nash of Hilton & Hyland represented the buyer.

DeGeneres has closed deals that combined are worth hundreds of millions of dollars in just the past two years alone. And one of her main targets is often Beverly Hills. Three months ago, she purchased a different Beverly Hills estate for $45 million from singer Adam Levine. [LAT]Gregory Cornfield

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