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Posted: 2018-08-19 14:00:00
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Ellen DeGeneres and Portia de Rossi. Picture: Christopher Polk/Getty Images

THEY’VE exchanged more than $100 million worth of real estate in about a year, but they’re not big wig developers or a high end agency — they’re just a cashed up couple with a penchant for property and a real Midas touch.

International star gazers and the property press have their heads spinning trying to keep up with serial sellers Ellen DeGeneres and Portia de Rossi and it’s not hard to see why. Even DeGeneres can’t keep track.

“You think I’d know that number by now, wouldn’t you?” She told the LA Times in 2015.

“Let’s see … one, two, three … five … that’s eight …” she said counting out loud. “I guess about … twelve? Yeah, that sounds about right.”

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But that was then. More recent guesstimates have her trading about $150 million ($AUD202 million) in property so far — and that’s just what we know about.

“I’ve never bought to sell,” she told the New York Times in 2014 about her flipping ways.

“I always say: ‘This is it. I’m never moving.’”

Ellen and Portia on holiday

Ellen and Portia on holiday.

The popular talk show host and her actress wife have bought and sold $US76 million ($AUD102 million) in just the last 12 months.

The eye-watering sum, however, is just a slice of the power couple’s net worth. Reports say DeGeneres is worth anywhere from between $275 million to $400 million ($AUD371 million to $295 million), while De Rossi is estimated to have a more “modest” $20 million ($AUD27 million) to her name.

Most recently the pair of fanatical flippers offloaded their latest pile, a grand 6.83ha weekend retreat in Montecito in southern California for a reported $34 million ($AUD45.95) in an off market sale.

They had spent about four years renovating the estate that they paid $26.5 million ($AUD35.81 million) for in 2013. Apparently the initial asking price for the 975sq m home was a more hefty $45 million ($AUD60 million), but buyer Netflix executive Ted Sarandos must have talked the pair down. Certainly it might have helped that the colossal global streaming service just negotiated a $20 million ($AUD27 million) deal with DeGeneres for a one-hour special.

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Source: realtor.com

The crowning glory of the sprawling forested estate is a 1930s Italian villa-style six-bedroom house designed by architect Wallace Frost and updated by John Saladino. It features a charming cobblestone motor court, old oak trees, decorative ironwork detailing, dreamy gardens and terraces as well as ivy-covered walls.

Throughout the property there are countless wow factors including nine fireplaces, an indoor-outdoor pool house, a secondary structure named Jordan Hall complete with a sunroom, outdoor kitchen and wet bar, plus a sunken tennis court, badminton court, lap swimming pool and Roman-inspired plunge pool.

While the extent of the DeGeneres-de Rossis real estate holdings remain unknown, it has been reported that the couple also recently sold another Montecito home for $11 million ($AUD14.87 million) to Tinder founder and chairman Sean Rad just a few months after purchasing it for $7.2 million ($AUD9.73 million).

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A beachside setting. Source: realtor.com

And in nine city Los Angeles, they sold a two-bedroom apartment for $5.85 million ($AUD7.91 million) during the past 12 months.

So as not to deplete the portfolio they topped it up last October with the $18.6 million ($AUD25.14 million) purchase of an oceanfront compound along an exclusive patch of sand in Carpinteria, California.

But all that was just one 12-month period. These renovation junkies have been at the game for a long time. In the decade the pair have been hitched their real estate wrap sheet is long, expensive and filled with the who’s who of Hollywood.

THE PORTFOLIO

Bought: 2008 for (a combined) $48 million ($AUD64.87 million)

Sold: 2012 for $37 million ($AUD50 million)

A rare loss for the flippers, this mega mansion was where the pair got married in 2008. The original purchase was for $29 million in 2007 but they acquired additional neighbouring properties to create a mammoth compound that the TV host Ryan Seacrest just had to have.

Bought: 2011 for $12 million ($AUD16.22 million)

Sold: 2012 for $13 million ($AUD17.57 million)

Purchased from Brad Pitt and Angelina Jolie, the pair didn’t hold this one for long either despite it having a private entrance onto Malibu Beach, tennis court and pool.

Bought: 2012 for $17.4 million ($AUD23.52 million)

Sold: 2014 for $20 million ($AUD27 million)

The historic home in LA’s Trousdale Estates was designed in 1956 by celebrity architect Hal Leavitt. Ellen admitted in her interiors coffee table book, Home, that this was one of her favourites and she doesn’t know why they left it.

Bought: 2013 for $8.5 million ($AUD11.49 million)

Sold: 2013 for $10.86 million ($AUD14.68 million)

They sold Hidden Valley Farm, a 26-acre horse ranch north of Los Angeles six weeks after listing the designer hobby farm which has two barns, eight cabins, tennis and badminton courts.

Bought: January 2014 for $39.888 million ($AUD53.91 million)

Sold: July 2014 for $55 million. ($AUD74.33 million)

They offloaded the famous Brody House in Los Angeles’ exclusive Holmby Hills just six months after buying it. The couple sold the glamorous home, which is right next to the Playboy Mansion and was designed by architect A. Quincy Jones, to Napster founder Sean Parker.

Bought: 2014 for $13.2 million ($AUD16.49 million)

Sold: 2017 for $11.85 million ($AUD11.85 million)

This time the couple took a departure from their usual path by buying two apartments with panoramic city views and no epic garden. Another loss for the investors, Ellen described this journey as a “giant experiment” in her book Home.

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