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Ellen DeGeneres, Portia de Rossi Buy Montecito Home in Reported $27.4 Million Deal, Plan U.K.–California Split

Sources say the couple will divide time between the U.K. and Montecito to recapture California weather, with an emphasis on equestrian access.

Overview

  • People confirms the pair have purchased a home in Montecito, with an insider saying they are not moving back permanently and will split time between England and California.
  • Multiple outlets report the off‑market deal closed in November for about $27.4 million, with producer Brian Grazer named as the reported seller.
  • A real estate source cites missing California sunshine and the horse scene as key drivers, noting Portia de Rossi’s passion for polo and her horses.
  • The acquisition comes roughly 14 months after their relocation to the Cotswolds, a move DeGeneres later linked to President Trump’s re‑election.
  • Recent reports note fewer local sightings in their U.K. village, and prior coverage detailed a first Cotswolds farmhouse listed after renovations before they shifted to a property better suited for horses.