Ellen DeGeneres and Portia de Rossi have listed their Santa Barbara home for sale. The couple is asking $45 million for the property, which is comprised of three parcels purchased in two 2013 transactions totaling $28.8 million.
Dating to the 1930â€™s, the rustic house measures 10,500 square feet, and contains six bedrooms and eight full or partial baths. The sandstone and raw timber home features a rambling layout around a center courtyard.
Itâ€™s a substantial look, and it doesnâ€™t ever pass into the vague indecision of many higher end period residences that have been renovated; it achieves a strong sense of authenticity by never really appearing to question its identity. Modernizations and elements of cross-cultural layering are nicely incorporated, and do not topple the composition.
DeGeneres has suggested that the house seems to be an expression of its landscape, and thatâ€™s pretty accurate. It doesnâ€™t impose, and it does not dominate; a neat trick for a home built from rusticated stone. And, even though the home is the product of a very assertive European design aesthetic located in Southern California, it doesnâ€™t feel contrived. Part of that effect is the countryside of Montecito, which perhaps more than any other SoCal locale resembles the Riviera.
The house features nine fireplaces, libraries and reading rooms. Ceilings are vaulted, sometimes open trussed, and floors are generally tile or stone. Windows and French doors are pleasingly plain, steel-framed affairs, and do not distract from the overall style. The overall look is heavy-handed, packed to bursting with charming detail, but it never comes off as ponderous. Frequently, skylights lend a little liberation to the proceedings, and balance things out nicely with a dash of the ethereal.
The nearly seventeen acres of grounds are filled with gardens and quiet alcoves. An additional pavilion structure was constructed by the couple, and features a wet bar and catering kitchen, and entertaining space under a high vaulted ceiling.
DeGeneresâ€”a legendarily restless house-hunterâ€”and spouse de Rossi have owned several homes in their time together: buying, renovating and selling. The coupleâ€™s latest real-estate acquisition may lead them to Australia, de Rossiâ€™s home country.
MONTECITO, CALIFORNIA – Set on what may be the most dramatic and premier location within the prestigious Birnam Wood Golf Club, this highly refined and newly remodeled home offers spectacular mountain and lake views from its expansive rooms along with the finest examples of superior construction and design. The three-bedroom plus den home offers high ceilings, handsome moldings, stone fireplaces, warm parquet oak floors and generous marble baths. One of the most inspiring homes in the club.
Offered at $6,450,000
Click here to view the information flyer
For more information please contact Harry Kolb at 805-452-2500
Sales from various locations around the world, including an exceptionally rare Manhattan duplex, a captivating Colorado estate on 5.4 acres, a sprawling 14,139 square foot Texas estate, and a Montecito, California estate located in the prestigious Birnam Wood Golf Course Community.
$18,500,000 USD | New York, USA | Sothebyâ€™s International Realty East Side Manhattan Brokerage
New York – This exceptionally rare Upper East Side duplex, pre-war Condominium offers 8 bedrooms and 8 baths over approx. 7,500 square feet. The size and scale of a sprawling townhouse with the services and security of a white-glove service building, enter through a key-lock elevator onto a private landing with marble entrance gallery and an expansive corner great room boasting Central Park views.
Colorado – Located in the private, gated enclave of Pyramid Point, this captivating estate is on a 5.4-acre lot with views of Aspen Highlands and Pyramid Peak. The slopes of Tiehack and the Maroon Creek Golf Course are just down the road. Features include spa area with steam room, sauna and massage, exercise room, recreation room, three bars, theater, wine room, two offices, eight fireplaces, three-car garage, large patios with fire pit, waterfall, two hot tubs, and an expansive lawn area.
Texas – This estate is unmatched in grandeur and luxury, with a sprawling 5.3-acres and 14,139 square feet of living space. A picturesque drive along a tranquil creek reveals a truly breathtaking facade of classic stonework and slate roof. Inside reveals gold leaf accented ceilings, Venetian plaster corridors, rooms draped in rich textures of leather, hand-scraped herringbone and marble, a hidden stairway, a 2,200 bottle climate-controlled wine vault and a 10-car garage with six climatecontrolled spaces make this estate exceptional in every way.
$5,500,000 USDâ€‚|â€‚California, USA | Sothebyâ€™s International Realty Montecito Coast Village Road Brokerage
Montecito, California – Set on what may be the most dramatic and premier location within the prestigious Birnam Wood Golf Club, this highly refined home offers spectacular mountain and lake views from its expansive rooms along with the finest examples of superior construction and design. The three-bedroom plus den home offers high ceilings, handsome moldings, stone fireplaces, warm parquet oak floors and generous marble baths. One of the largest and most inspiring homes in the club. Sold by Harry Kolb.
THE DUQUE ESTATE
“BLESSED LITTLE RANCH”
Style: Monterey Spanish Revival
Year Built: 1931
Lot Size: 3.175Â± Acres
Square Feet: Approximately 6,3014Â±
Main Home: 8 bedrooms / 5 full baths, 1 powder
APN#: 007-040-039/038 (2 legal parcels)
Architect: Edwards & Plunkett
Montecito Union School District
If you’d like make an appointment to see the property please call 1.805.452.2500
Click here to view the information flyer.
Outstanding views of the Pacific Ocean, Channel Islands and scenic mountains coupled with the architecture of one of the most respected firms responsible for some of the most romantic and cherished structures, including the Arlington Theater and many classic homes, make this a special Montecito estate. William Albert Edwards and Joseph Plunkett designed this charming Monterey Spanish home in 1931 and named it “Blessed Little Ranch.” The Edwards Duque Estate sits today on approximately 3.175 acres on two legal parcels in the Montecito foothills on a promontory that affords it a panoramic coastal view along with rare privacy.
The commanding two-story home was built in an era of quality, craftsmanship and attention to architectural details. Principal rooms include the two-story living room with its massive beamed ceiling and surrounding wrought-iron balcony, formal dining room, sun room, butler’s pantry, kitchen, and breakfast room. in addition, there is a master suite, five family bedrooms, plus a two-bedroom staff wing with a shared bath off the kitchen. There’s also a separate approximately 900 sq.ft. 1-bedroom, 1-bath guest cottage. Three wrought-iron balconies and first-floor terraces all provide breathtaking views of the mountains and ocean. The property also benefits from a long, private approach and by being within the very highly respected Montecito Union School District. It’s a rarity today to find this combination of period architecture and quality construction still benefiting from panoramic and uninterrupted coastal views.
AN IMPROVING ESTATE MARKET IN MONTECITO & SANTA BARBARA, CALIFORNIA
The number of estate homes sold in the Santa Barbara area, those sold for over $4 million, was up nicely last year â€“ increasing 33% over the number sold in 2013. Comparing the eventual sales price to the last asking price was also up to an average of 93% and up to an average of 82% of the first asking price â€“ each an indication of an improving market. But the average number of days on the market was longer, probably due to the fact that inventory of available homes has been reduced and that lead to a number of homes selling that had been on the market for a considerable time as buyers were suffering from a lack of homes to choose from.
Although the number of homes sold for over $4 million last year was up so considerably from the previous year, the actual sales experience for most of the estate homes on the market has been less than encouraging because a large percentage of these homes sold were sold below $5 million. As is usually the case, our improving market begins in the lower price ranges as it did a few years ago in the below $1 million price range. That improving market has now migrated up to include the $4 million market, but hasnâ€™t been felt yet in the mid or upper ranges of the estate market. This becomes evident in the chart showing that homes sold for between $5 – $10 million was up from last year but still below the number sold in 2012, and those sold for between $10 – $20 million were down from each of the two previous years.Â It became even worse in the graph of homes sold for over $20 million because last year the most expensive home sold in our area was sold at $20 million, where both buyer and seller were represented by Sothebyâ€™s, and no local homes sold for more.
The market for significant homes valued over $4 million is considerably different than the market for the average American home we all read about in the press. The national press and even our local papers take their statics from readily available statistics from our local Board of Realtors where the median sales price for all homes sold in our area last year was $990,000 and the median time on the market was 95 days. Obviously a different market than that of estate properties. And when major media report that the average price of homes sold last year was up 18%, as it appears in our local MLS statistics, the press fails to remind readers that much of that increase in average sales prices is due to fewer and fewer lower priced homes being available in the inventory as buyers take advantage of foreclosures and distressed properties as they consume the inventory. Measuring true appreciation in a market requires comparing the value of the same home over a period of time. Of the 76 homes sold for over $4 million in our area last year, four sold for more than they did within the past five years, one sold for less, and five sold for the same. These are all considered same for same without including homes that may have been improved in any manner. So from a value standpoint, we appear to have appreciated ourselves back to where we were in 2008 before the market reversal.
Where the market for the average American home is closely associated with long-term interest rates, our local market for estate homes is much more associated with consumer confidence. To show this obvious relationship, Iâ€™ve included a graph plotting consumer confidence for each of the past 15 years next to the sale of local estate properties for that same year showing this very direct relationship. Itâ€™s comforting to see that the CCI now is higher than itâ€™s been for the past six years.
Based on the generally improving estate sales over the past five years, the improving relation of final sales prices to the last asking price and what is a dramatically improved Consumer Confidence Index, it seems reasonable to anticipate an improving estate market this coming year. This coupled with what appears to be a pent-up demand from an increasing pool of buyers looking for property but not being able to find what theyâ€™re looking for from our current limited inventory, the prospects for the coming year look promising.