Ellen DeGeneres sold the very same luxury home in Hollywood in 2007 for $10 million, then bought it back in 2014 for $8.75 million. Then again, sold it for $9.9 million to Barry Schwartz, co-founder of Calvin Klein Inc.
Second Time Around: Ellen DeGeneres Sells Hollywood Hills Home Again
Will it go round in circles? In the case of the home-flipping habits of Ellen DeGeneres, yes. DeGeneres made the market spin again with the sale of a Hollywood Hills West home that she’s now sold for a second time, the Los Angeles… Read more at Realtor.com
Ellen is now considered as one of Hollywood’s biggest celebrity home flippers, over the previous decade she already owned and sold seven luxury properties.
She had a $1.2 million tree house, a $12 million Malibu beach luxury estate and a luxurious mansion priced at $40 million that she flipped and already sold for a $15 million profit.
Ellen DeGeneres Flips Homes and Makes Millions: A History and a Hushed Sale
Ellen DeGeneres shines in the spotlight most notably as a talk show host who enjoys gifting her guests with swag featuring her face on it. But, most of her personal life remains low-profile. In an off-market deal, DeGeneres and her wife Portia just sold their Hollywood Hills home for $9.9 million… Read more at Forbes
Strong economic indicators along with greater demand are two extremely important factors to look for when deciding to build your luxury home—whether you’re buying it for your personal use or strictly as an investment.
Why?
Because if and when you decide to sell your property, you want to be in a place where there is enough demand to be able to secure a premium price and return on your investment. Right now, Los Angeles is one of the few places in the country where these conditions exist in a strong enough fashion to lend confidence to smart building projects.
In fact, Los Angeles has taken its place in the list of “The Top 10 Booming Markets for Real Estate Development” across the country and comes in at number 9 in Moneywatch’s Top 10 Luxury Real Estate Markets around the world.
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[…] Ellen DeGeneres sold the very exact same luxury residence in Hollywood in 2007 for $ten million, then purchased it back in 2014 for $eight.seventy five million. Then all over again, sold it for $nine.nine million to Barry Schwartz, co-founder of Calvin Klein Inc. Next Time Close to: Ellen DeGeneres Sells Hollywood Hills Residence Again Will it go round in circles? In the […] Supply link […]