Real Estate

Ellen DeGeneres, Portia de Rossi Raise Asking Price of Thousand Oaks Ranch by $2M

The move comes only two weeks after the couple put the 26-acre property on the market.
Ellen DeGeneres, left, and Portia de Rossi

Ellen DeGeneres and Portia de Rossi have changed the asking price of their 26-acre equestrian ranch after only two weeks on the market. But in an interesting twist, they have actually increased the price -- by $2 million.

According to real estate blog Redfin, the property in Thousand Oaks, Calif., was originally listed late last month for $10.995 million, but the asking price has now been raised to $12.995 million.

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The price increase comes not only amid a strong real estate market but also on the heels of a feature in April's Elle Décor. It's not unusual for celebrities and other high-profile homeowners to seek coverage in a magazine as a way to give an inside look at a property before listing it.

For example, Reese Witherspoon showed off her Ojai, Calif., home in September's Elle Décor and weeks later listed it for $10 million. In March, she slashed the asking price by $2.75 million. It's still on the market.

DeGeneres and de Rossi bought their ranch in 2009 for $8.5 million. They first tried to sell it in 2011, asking $16.5 million before dropping the price to $14.9 million. That listing was canceled in September 2012.

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The ranch is said to include eight farmhouse cottages, horse stables, two barns, trails, a yoga pavilion, tree house and a tennis court. It includes eight beds and 10 1/2 baths, and the price includes all furnishings, according to the listing.

The couple have been on a home buying and selling spree of late: In May, they purchased a home in Montecito, Calif., for $26.5 million and are reportedly about to sell their Beverly Hills penthouse for just under $900,000. A year ago, they bought and sold a Malibu home that had been owned by Brad Pitt and sold another Beverly Hills home to Ryan Seacrest.

What do you think?

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