Oprah Winfrey Buys 23-Acre Montecito Horse Farm for $28M
The media mogul's auction purchase of Seamair Farm is the first time in nearly 40 years that the property had been on the market.
Oprah Winfrey has expanded her acreage empire.
The media mogul closed escrow on a 23-acre Montecito, Calif. horse farm for $28.85 million on Friday, a rep for Winfrey confirmed to The Hollywood Reporter.
For the first time in nearly 40 years, the Spencer T. Olin Trust-owned Seamair Farm, one of the largest properties in Montecito, hit the market through an auction in November 2015.
Winfrey made several personal visits to the property before her Feb. 5 highest-bidding sale, which attracted potential investors from throughout the United States and Hong Kong, collaborating sellers Marty Rogers of Sage Auctions and Dan Encell of Berkshire Hathaway HomeServices stated in a Friday press release.
"[Oprah] had a number of experts inspect different aspects of the property and paid extensive due diligence to the property package we provided," Rogers stated.
Seamair Farm includes a main house — designed by California lifestyle architect Cliff May — with a large backyard, complete with a sparkling swimming pool and patio area surrounded by palm trees.
Two private wells, a fish pond, fruit orchards, green lawns and an expansive amount of flat land are also situated on the sprawling farm, which is tucked away on the coast with a 44-acre dedicated preserve to the east of it. The property is fully designed to house horses, with a large circular paddock ideal for equine roaming, multiple stables and training areas.
Winfrey's new investment is just under two miles from Santa Barbara County Pacific coastline and not far from her $85 million, 23,000-square-foot, 42-acre estate Montecito estate. Winfrey's horse farm purchase comes just two months after she bought a Telluride home for $14 million.
View photos and video of the property below.