It's like celebs have no idea the real estate market has crumbled.
Ellen DeGeneres and Portia de Rossi have listed their Beverly Hills mansion for sale, and at a big loss. The couple put up the estate for $49 million, but they originally spent about $60 million for the entire compound. They also invested in a ton of renovations.
The 9,500 square foot home sits on 2.87 acres off of Coldwater Canyon near the Santa Monica Mountains. It's a single story house and, according to the listing, has "every conceivable amenity and state-of-the-art security."
The home once belonged to Joan Collins, Laurence Harvey, and Will & Grace co-creator Max Mutchnick. Well, they each owned them at separate times. That'd be really weird of those three random people just bought a house together.
The property boasts three guest houses, too. So basically, you get four homes for the price of—well, four. The estate also has a couple of pools. Yes, multipools.
When they originally bought the pad, Portia told Architectural Digest: "We'd heard how beautiful it was and then we came over to watch 'American Idol'. We pulled into the driveway and we just knew before we even walked through the gate."
The two also recently sold a $16 million home in Hidden Valley. And here I thought that was just a salad dressing. Ellen says she can't even remember how many times she's bought and sold properties over the years. She enjoys renovating, she says, because her father could never afford to buy his own home but always dreamed about it.
"We never had a house when I was growing up," DeGeneres revealed. We always rented. But my father would dream, and we used to look at houses all the time. The first thing I did when I made money was buy a house."
The mansion was designed by architects Buff & Hensmen, who built houses for Steve McQueen and Frank Sinatra. The interior was designed by Melinda Ritz, a former Emmy-winning set decorator for Will & Grace. This is the seventh home the two have owned as a couple. They basically have one house for each year they've been together.
And all I got for my anniversary was a lousy card.