Get ready, bargain hunters, because Ellen DeGeneres and Portia de Rossi are marking down the price of their stunning Montecito estate.
Listed in March for a hefty $45 million, the enormous property hasn’t yet found a buyer, and that price has dropped down to $39.5 million, as the Los Angeles Times reports.
The 10,500-square-foot home sits on nearly 17 acres with dense vegetation and views of the ocean. Luxurious amenities include fountains, sculptures, a tennis court, an entertainment pavilion, and both a full swimming pool and a lap pool.
The Italian-style home was constructed in 1934 by architect Wallace Frost as his personal residence. DeGeneres and de Rossi purchased it in 2013 for $26.5 million and began updating it to resell.
Inside, the house has six bedrooms and six bathrooms, along with a formal dining room, a media room, a library, and a total of nine fireplaces. Features include stone walls, beamed ceilings, and Italian tile floors.
Even with the price drop, the house would be one of the priciest sales that the prolific home-flippers have made. In 2012, DeGeneres and de Rossi sold a Coldwater Canyon property to Ryan Seacrest for $37.5 million. In 2014, they topped that transaction, selling an A. Quincy Jones-designed home to Napster founder Sean Parker for $55 million.
Meanwhile, elsewhere in Santa Barbara County, the couple last month dropped $18.6 million on a beachfront mansion in Carpinteria.