There are some individuals who purchase a home and dwell in it for years, if not for the remainder of their lives. Then there’s Ellen Degeneres and her spouse Portia de Rossi. They’re what you’d name ‘serial home flippers.’
Since 2003, after they purchased a home within the Hollywood Hills for $6 million, Ellen and Portia have purchased and offered greater than 20 properties. In 2019 alone the couple offered three properties.
The property we’re speaking about as we speak was initially purchased in Might 2019 for $42.5 million. The vendor was musician Adam Levine. The Maroon 5 singer had the house listed for $47.5. He paid $35.5 million for it (and reportedly sunk $7 million for renovations) and flipped it to DeGeneres a yr later.
Now DeGeneres has offered the house for $47 million after proudly owning it for almost two years.
The primary residence has 10,000 sq. toes of residing house. The master suite takes up 2,000 of these sq. toes.
The property contains a spa, health club, two kitchens, and a screening room.
There is a two-story entry lobby and wide-plank wood flooring. The lounge contains a stone hearth and white plaster partitions. There’s a big eating room with its personal bar, a paneled lounge, and a health club. Outdoors is a resort-style swimming pool, tennis courtroom, and visitor home.
Tennis famous person Pete Sampras used to personal the home so you realize that tennis courtroom is high grade. The yard additionally options an outside kitchen.
There isn’t any information on who the customer is, however up to now, Ellen has purchased and offered properties from and to a who’s who of Hollywood celebrities and enterprise titans. A few of her patrons embody Ryan Seacrest, Napster’s Sean Parker, Tinder founder Sean Rad, Nickelodeon president Brian Robbins, and former Google CEO Eric Schmidt. She’s purchased properties that previously belonged to Brad Pitt and the aforementioned Adam Levine – each of whom is additionally just about serial home flippers.
Ellen defined her serial shopping for and promoting on the As we speak Present:
“We purchase a home and we find it irresistible, and we keep in it. Then we get a little bit bored as a result of we like a unique model or completely different aesthetic — and I really like furnishings and adorning — so if I discover one thing else, and we become profitable, why not transfer to a different home?”
When you think about that rising up, DeGeneres lived in residences, the serial home flipping is smart. In the identical As we speak Present interview, she stated:
“We lived in residences. We might take a look at homes each Sunday, we’d go to open homes, however, we may by no means afford a home. As a child, I believed — ‘That is going to be my home.’ Now, I simply purchase as many homes as I can.”