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, 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.