Ellen DeGeneres’ Condo Flips Result in Loss

Published: January 8, 2018 | By: American Luxury Staff

Ellen DeGeneres and Portia de Rossi recently sold the second of their two condominium units in the One Beverly West Tower in Los Angeles. The couple’s real-estate waxings and wanings are well known to be unusually broad-spectrum and nearly constant. The couple’s investments generally result in a tidy profit, but not always.

The Beverly West condo sales fit squarely in the ‘not always’ category, although there’s probably a shrewd master plan at work. The first unit the couple saw into contract sold last spring, at $1 million below the asking price of $7 million; DeGeneres and de Rossi paid $6.2 million for the unit about three years ago.

More recently, the couple saw their second unit in the building off into the sunset, taking an even more substantial whack in the wallet in doing so. They accepted an offer of $5.9 million for the residence, which they’d purchased for about $6.8 million, also in 2014, and concurrently with the first. The second residence had been initially listed at $7.995 million, but had been reduced to $7 million prior to the sale.

In keeping with their house-flipping M.O., DeGeneres and de Rossi renovated the unit before offering it for sale. The 4,160 square-foot residence offers its new owners smartphone-controlled and automated sun shades and lighting system, as well as a meditatively understated decorative scheme which favors cool earth tones. The unit’s private balconies present a good survey of the city, ocean, and the L.A. Country Club.

DeGeneres and de Rossi’s most recent acquisition is a beach house in Carpinteria. The couple recently reduced the price of their knockout rustic Italian estate in Montecito to $39.5 million.

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