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Ellen DeGeneres quietly flips a Midcentury gem for $8.8 million

by Index Investing News
May 13, 2022
in Property
Reading Time: 3 mins read
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Lower than a yr after shopping for a Midcentury residence in Beverly Crest for $8.5 million, prolific house-flippers Ellen DeGeneres and Portia de Rossi have offered the place in an off-market deal for $8.757 million.

The $257,000 revenue margin is a bit slimmer than their regular tasks. They made $6.3 million flipping a Montecito compound for $33.3 million in 2020, and final yr, they earned a fast $4.5 million by promoting a Beverly Hills mansion for $47 million.

Tucked away in Hidden Valley Estates, the Midcentury gem has been tied to some notable names through the years. It was in-built 1961 by L.A. architect Robert Skinner, and the stylish post-and-beam design was later featured in Julius Schulman’s ebook “Modernism Rediscovered.” In 2021, DeGeneres and de Rossi purchased it from expertise agent Greg Cavic.

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The courtyard entry.  (Juwan Li)

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The outside.  (Juwan Li)

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The hallway.  (Juwan Li)

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The lounge.  (Juwan Li)

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The kitchen.  (Juwan Li)

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The household room.  (Juwan Li)

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The workplace.  (Juwan Li)

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The first bed room.  (Juwan Li)

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The patio.  (Juwan Li)

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The pool.  (Juwan Li)

A Midcentury via and thru, the single-story residence provides a backyard courtyard entry, lengthy sky-lit hallways and a handful of dwelling areas marked by wooden and glass. A latest renovation from architect John Bertram and designer Sarah Shetter introduced in Douglas fir furnishings, terrazzo flooring and redwood accents.

The three,500-square-foot flooring plan additionally holds 4 bedrooms and 5 loos, together with a major suite with a free-standing hearth. It opens instantly outdoors, the place a eating patio results in a fireplace pit, swimming pool and bar.

DeGeneres, 64, has gained a number of Emmys for “The Ellen DeGeneres Present,” which premiered in 2003. She’s additionally hosted the Grammys, the Academy Awards and the NBC recreation present “Ellen’s Recreation of Video games.”

De Rossi, 49, has appeared on the authorized drama “Ally McBeal” and the sitcoms “Arrested Growth” and “Higher Off Ted.” Extra lately, she performed Chairwoman Elizabeth North on the ABC present “Scandal.”





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Tags: DeGeneresEllenflipsgemMidcenturymillionquietly
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