Jeff Bridges sells his charming LA home to Oprah Winfrey. Photo Credit: Elevated Horizon courtesy of Coldwell Banker

Prolific Oscar-winning actor Jeff Bridges and his longtime wife Susan Geston have sold their Santa Barbara compound, after more than a year on the market.

Records reveal that the buyer is Bridges’ multibillionaire next-door neighbour, media titan Oprah Winfrey.

Oprah’s latest real-estate acquisition has quite the pedigree. When you’re worth almost $3 billion and can easily say, “been there, done that, have that,” … what do you do with the rest of the money after the usual investments? You invest in real estate.

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Oprah Winfrey speaks at the Women In The World Summit on April 10, 2019 in New York City. (Photo by Mike Coppola/Getty Images)

Photo Credit: Elevated Horizon courtesy of Coldwell Banker

Photo Credit: Elevated Horizon courtesy of Coldwell Banker

Oprah owns at least six homes right now, after selling her Chicago and Atlanta homes, according to TopTenRealEstateDeals.

Lately, her focus has been on the Montecito neighbourhood of Santa Barbara, which she has called her California home base for nearly two decades.

The media mogul’s purchase of actor-friend Jeff Bridges’ home, totals three, including The Promised Land as she named her 40-acre main home and grounds – now worth about $90 million.

Jeff Bridges sells his home to Oprah Winfrey. Photo Credit: Elevated Horizon courtesy of Coldwell Banker

Susan Geston and Jeff Bridges attend the 76th Annual Golden Globe Awards at The Beverly Hilton Hotel on January 6, 2019. Picture:. Frazer Harrison/Getty Images

She purchased the Bridges home after waiting for the price to be reduced from the original $7.495 million and ended up buying it for $6.85 million – the exact price Bridges paid for it five years ago.

Oprah also owns homes in Maui, Hawaii, Orcas Island, Washington and a ski chalet in Telluride, Colorado.

The home also has a beautiful guesthouse. Photo Credit: Elevated Horizon courtesy of Coldwell Banker

Space for stables. Photo Credit: Elevated Horizon courtesy of Coldwell Banker

The Bridges’ 327 sqm two-bedroom, three-bathroom Spanish Revival-style home was originally built in 1919 by architect James Osborn Craig sited on four acres of gardens.

It’s been meticulously maintained, having undergone restorations and updates, and it still has its original windows, doors, hardwood floors and five fireplaces.

The kitchen and bathrooms were remodelled to bring them into the 21st century.

Oprah Winfrey cuddles Elvis the koala at the Hamilton Island Wildlife Park in 2010. (Photo by Harpo Productions via Getty Images)

High ceilings, expansive windows and French doors illuminate the home with every room opening to lush gardens.

The master suite features an open-beamed ceiling, large bay window, French doors and fireplace.

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Photo Credit: Elevated Horizon courtesy of Coldwell Banker

If Oprah continues to buy her neighbour’s properties, it won’t be long before they can rename Montecito as Oprah Village.

Montecito is a sought-after neighbourhood at the western tip of Santa Barbara with commanding views over the Pacific Ocean.

Always lush with large trees and thick with greenery, the neighbourhood has recovered from the 2018 Thomas Fire that destroyed many of the area’s homes.

Photo Credit: Elevated Horizon courtesy of Coldwell Banker

Though Oprah’s and Jeff’s homes remained safe with little damage to the grounds, Gwyneth Paltrow’s home sustained damage and Ellen DeGeneres and wife, Portia de Rossi, had to evacuate.

Jeff Bridges and Susan Geston have been downsizing their homes with the sale of their 20-acre, Tuscan-style vineyard estate two years ago for $US 15.925 million and their current smaller Montecito home to neighbour Oprah for $US 6.85 million.

The main bedroom has a fireplace. Photo Credit: Elevated Horizon courtesy of Coldwell Banker

Jeff Bridges will be downsizing after selling his Santa Barbara home. (Photo by Paul Drinkwater/NBCUniversal via Getty Images)

They have also sold some land parcels in Malibu this year. Sally Hanseth of Coldwell Banker Residential Brokerage, Montecito, handled the sale for both seller and buyer.