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On the Market Since: 2014
Total Area: 4,158 square feet
Initial Value: $8 million*
Ellen DeGeneres and wife Portia De Rossi have a known knack for flipping and reselling luxury homes. They usually make a bundle on the price, but that has not been the case with one Los Angeles condo. In 2014, Ellen DeGeneres put two Los Angeles condos up for sale. The larger of the two sold, but the smaller has been a tough sell.
DeGeneres listed the property for $8 million, and the price kept dropping until it was $5.85 million, the same as what she bought it for. The apartment is located in an LA high-rise, and Homes.com described it as “ultra-swanky.”
The NBC talk show host and her wife have usually found success flipping luxury properties, so this setback is surprising. DeGeneres has amassed most of her wealth through her entertainment business. Forbes estimated in 2018 that she earned $87.5 million a year, placing her at #15 on the highest-paid-entertainer list.
