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Oprah Winfrey makes a multimillion-dollar real estate sale in Montecito, California from the house next door to her. The media mogul's quiet off-market transaction has sold a ranch-style property on 5.6 acres of land for $14.23 million, doubling her investment since purchasing it in 2005 for $7 million.
Although little is publicly known about the four-bedroom property, its past listing information reveals that it boasts a lawn, a pool, and a tennis court. Despite its luxurious amenities, Ms. Winfrey seems to be a fan of low-key real estate transactions, having quietly sold another Montecito residence for $14.75 million to fellow A-lister Jennifer Aniston last summer.
While the buyer of the property remains unknown, Dirt reports that Hollywood film producer-director Rawson Marshall Thurber is the new owner. The star-studded spot of Montecito is beloved by celebrities and royalty alike, including Prince Harry and Meghan Markle, Ariana Grande, and Gwyneth Paltrow.
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Ms. Winfrey still retains a property in Montecito, her 66-acre compound dubbed "Promised Land," located across the street from the recently sold ranch. Her real estate portfolio highlights her impressive investments and her ability to multiply her wealth through smart purchases and sales.
