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Is Ellen DeGeneres a Serial House Flipper?
Yes, Ellen has owned nine homes in the past decade. “The average seller moves every six to seven years,” Beverly Hills real estate agent Ben Salem of Rodeo Realty tells me. “Celebrities, I would say, last about half as long in a house.” DeGeneres is known to be sort of an extreme case, someone who has admitted that she loves finding and designing new homes. .
“She’s a serial flipper,” "Chopped" host Ted Allen once said of DeGeneres. “She’s into real estate.” But so are a lot of other celebrities. In fact, stars tend be into each other’s real estate. “Do you know how heartbroken I was," Jennifer Aniston recently told DeGeneres on the comedian’s talk show, "when you sold that beautiful house to Ryan Seacrest?" She was speaking of a nine-bedroom Beverly Hills mansion, which the "American Idol" host bought last year for $37 million..
DeGeneres and de Rossi also once flipped a Malibu home they bought from Brad Pitt circa 2011. Then there's their mountain ranch compound in Hidden Valley, not far from Los Angeles, that, in recent weeks, was both featured in Elle Décor and nearly hit by a wildfire. Their most recent purchase? A $26.5 million Montecito estate so big it has its own name: the Saladino Villa. The six-bedroom 10,500-square-foot home is close to the beach and mountains, and comes with such neighbors as Oprah Winfrey, Carol Burnett, and Tipper Gore. The couple's newest home..
Of course, in Hollywood, there’s a constant revolving door of real estate news. Just two days ago, "Dexter" star Michael C. Hall picked up a $3.8 million mansion in Los Angeles So why do we always seem to be hearing about celebrities moving? Well, let me ask you this: If you could increase the value of your house simply by living in it, wouldn’t you be tempted to sell kinda often? Many homebuyers are willing to pay a premium for a home a star has owned, Salem says. "It depends on whether the homeowner is A-list or B-list," Salem tells me. "But some buyers are pretty aggressive. I have one client who paid a lot of money for this one home — waived inspections, took it as is, it had termites, she didn't care — because it had been a certain star's home." .