Oprah Winfrey Sells Four-Acre Montecito Estate for $17.1 Million

"Oprah Winfrey is shrinking her real estate footprint in Montecito. The media mogul has sold four acres of her Promised Land estate-her primary residence for over two decades-for $17.2 million, as first reported by Siteline Santa Barbara. Though she began assembling the compound in 2001, the just-sold property was a more recent acquisition; Winfrey bought the Spanish Revival-style ranch from actor Jeff Bridges in 2019 for $6.85 million."

"The single-level main house was constructed in 1919 by architect James Osborn Craig, and was remodeled in 2016 with an upgraded all-wood kitchen and new bathrooms. Spanning about 3,500 square feet, it hosts two bedrooms and four bathrooms, as well as formal living and dining rooms, five fireplaces, beamed ceilings, hardwood floors, and oversized windows looking out at the lush grounds."

"Although Bridges and his wife, Susan Geston, invested in extensively remodeling the property after it was damaged by mudslides, they sold it to Winfrey for about the same price they paid for it back in 2014. They initially asked about $8 million, so Winfrey got a deal on the estate when she secured it for under $7 million-and more than doubled that investment."

Oprah Winfrey sold four acres of her Promised Land estate in Montecito for $17.2 million, reducing part of her residential compound. The parcel was purchased by Winfrey in 2019 from Jeff Bridges for $6.85 million after Bridges and his wife remodeled the property following mudslide damage. The single-level main house, built in 1919 and remodeled in 2016, spans about 3,500 square feet with two bedrooms, four bathrooms, formal living and dining rooms, five fireplaces, beamed ceilings, hardwood floors, and oversized windows. The property includes a primary suite with heated teak floors, a pool, guest and carriage houses, and equestrian facilities. Winfrey retains over 60 acres of the Promised Land estate and also owns property in Colorado.

Read at Architectural Digest