Ellen and Portia Struggle to Sell Luxury Home
Ellen DeGeneres and her wife, Portia de Rossi, are reportedly downsizing their real estate portfolio as they settle into their new life in the UK. However, their attempts to sell one of their last remaining U.S. properties—a lavish Bel Air mansion—haven’t gone smoothly.
Price Cuts and Failed Listings
The couple originally purchased the Bel Air estate for $29 million in 2022 and listed it for $33.9 million in May 2024. After failing to attract buyers, they slashed the price by $4 million, bringing it down to $29.9 million. Still, no takers emerged.
Now, after being delisted twice, the home is back on the market for $28.5 million—a staggering $5.4 million drop from the original asking price. If it sells at this reduced rate, Ellen and Portia will lose $500,000 on the deal.
Not All Bad News
Despite this setback, the couple has seen some success in their real estate ventures. They recently sold a two-bedroom Montecito home for $5.2 million, making a $200,000 profit after buying it for $4.99 million.
Why the Struggle to Sell?
The luxury real estate market can be unpredictable, even for celebrities. High-end properties often take longer to sell, especially in competitive markets like Bel Air. With multiple price cuts, it’s clear that Ellen and Portia are eager to offload this property as they transition to their new life overseas.
Final Thoughts
Ellen DeGeneres and Portia de Rossi’s real estate journey highlights the challenges of selling high-value homes in today’s market. While they’ve had some wins, this Bel Air mansion has proven to be a tough sell. Whether they’ll accept an even lower offer or hold out remains to be seen.
Opinion: The High Stakes of Celebrity Real Estate
Celebrity homes often come with premium price tags, but that doesn’t always guarantee a quick sale. Ellen and Portia’s experience shows that even A-listers aren’t immune to market fluctuations. Their willingness to take a loss suggests they’re prioritizing a fresh start in the UK over holding onto U.S. properties. It’s a reminder that real estate—no matter how luxurious—isn’t always a surefire investment.
