Oprah has now spent $86M on her Montecito real estate empire

Winfrey just paid $6.85M to acquire Jeff Bridges’ property, expanding her territory to 70 acres

Los Angeles /
Nov.November 13, 2019 06:09 PM
Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and Realtor.com)
Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and Realtor.com)

What Oprah wants, Oprah gets. And the billionaire mogul wants to expand her real estate empire in Montecito.

Winfrey paid $6.85 million to acquire actor Jeff Bridges’ Spanish revival home in Montecito, which sits next door to Seamair Farm, a 23-acre plot that borders her main 43-acre compound known as “Promised Land,” according to Variety, which first reported the news.

With the deal for Bridges’ home, Winfrey has now spent a total of $86 million acquiring Montecito real estate.

Sally Hanseth of Coldwell Banker is listed as sales and buying agent on the celebrity deal.

Bridges, who also paid $6.85 million for the home in 2014, listed the home in March for $8 million. But Oprah waited six months for a price chop before she made her move, according to Variety.

Bridges’ former property features a carriage house and horse facility with five stalls as well as redwood and oak grove trees.

The transaction further solidifies Montecito as Winfrey’s base. The talk show host and media entrepreneur initially bought in a 42-acre property in Montecito for $50 million in 2001. It contains her main home, a 23,000-square-foot neo-Georgian mansion with six bedrooms, 10 fireplaces. Winfrey bought out the neighboring Seafair Farm equestrian ranch for $29 million in 2015.

She now controls about 70 contiguous acres, with 13 separate buildings, two pools, ocean views and a tennis court.

As Winfrey has bought into Montecito, she has exited out of Chicago, the city where she got her media start on WLS’s AM Chicago in 1984.

Winfrey completed the last sales of her Chicago area real estate last year, when she unloaded a colonial in the suburb of Elmwood Park for $375,000.

Previously, Winfrey sold a 10,000-square-foot duplex just north of Chicago’s downtown for $4.6 million in 2015, and sold a co-op in the ritzy Gold Coast neighborhood for $2.8 million in 2012.

In addition to Montecito, Winfrey owns a beach getaway in Hawaii, a serene $8 million compound on Orcas Island in the Puget Sound, and a $13 million ski chalet in Telluride, Colorado. [Variety]Matthew Blake


Related Articles

arrow_forward_ios
Chrissy Teigen and John Legend with the property (Getty, Douglas Elliman)
John Legend and Chrissy Teigen wave bye to Beverly Hills mansion
John Legend and Chrissy Teigen wave bye to Beverly Hills mansion
Sue Gross and an aerial of the home at 960 N. Alpine Drive (UCI, Google Maps)
Beverly Hills home Ellen DeGeneres sold for $35M is back on market
Beverly Hills home Ellen DeGeneres sold for $35M is back on market
Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
The current Brooklyn Net sold his Malibu home in 2019 (Getty, Hidden Hills)
Kevin Durant returns with $16M Hidden Hills mansion buy
Kevin Durant returns with $16M Hidden Hills mansion buy
Jennifer Lopez and Ben Affleck with the Nile Niami mansion (Getty, Leverage Global Partners)
JLo tours Nile Niami-built Holmby Hills mansion asking $65M
JLo tours Nile Niami-built Holmby Hills mansion asking $65M
Meghan Trainor and Julie Bowen with the Toluca Lake house (Getty, Hilton & Hyland)
Meghan Trainor sells Toluca Lake home to actress Julie Bowen
Meghan Trainor sells Toluca Lake home to actress Julie Bowen
Helen Mirren and Taylor Hackford with their Hollywood home (Getty, Redfin)
Helen Mirren and Taylor Hackford list storied Hollywood estate for $18.5M or $45K per month
Helen Mirren and Taylor Hackford list storied Hollywood estate for $18.5M or $45K per month
9402 Beverly Crest Drive and the late Microsoft co-founder Paul Allen (Redfin, Getty)
Paul Allen’s massive Beverly Hills compound lists for $56M
Paul Allen’s massive Beverly Hills compound lists for $56M
arrow_forward_ios

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

Loading...