Thursday, October 6, 2011

Oprah Winfrey Luxury Homes

The self-made media mogul paid $50 million in 2001 for the 23,000-square-foot Georgian-style home she calls the “Promised Land.” Last year the spread was appraised at just under $85 million. For such a public persona, Winfrey ferociously guards the privacy of her home, situated on 43 acres. At a Barack Obama fund raiser last year, guests were strictly prohibited from entering the house, and cameras were forbidden.

Oprah Winfrey is a savy business woman, as demonstrated in her success as a media mogul. She shows the same business acumen in residential real estate with her acquisition of her Santa Barbara estates purchase in Montecito, a small affluent community included in the Santa Barbara real estate market area. A luxury Montecito estate in Georgian design.

This Santa Barbara real estate gem is her California residence which she has named "Promised Land."

The property was recently appraised at just under $85 million but our estimate would be above $90 million based on other properties sold and now on the market in the Montecito California real estate marketplace.

The talk show host, 56, has spent millions renovating this $50 million, 14,000-square-foot estate in Montecito, Calif. (which has 14 bathrooms and 10 fireplaces!)

The teahouse is where Oprah comes to read, meditate, and enjoy a cup of tea. She could listen to music at the touch of a button but doesn't: "I don't want to affect the mood here."

She may not visit for months at a time, only stopping by when she can really get away. "It's a commitment when I allow myself to come here," Oprah says. But whether she's in Montecito or Chicago or Johannesburg, the existence of the teahouse—just knowing it's there—is essential to her well-being. "It's my dream, having a place like this. Some people ask, 'Why do you need more space?' And I tell them, 'I need it to restore myself."

As she continues along a cobblestone road that winds its way through her property, Oprah points out a path—Hallelujah Lane, she calls it—lined with thousands of white hydrangeas. She didn't have a garden when she was a child, she says. "All I had was the hydrangea bush that was in front of my grandmother's porch." Hallelujah Lane is a living, blooming homage to her grandmother. White-pink Sombreuil roses (above), which were developed in the 1880s, climb the wrought-iron arches, while the newer, pure-white Iceberg roses surround the statue.

"I can get excited over little things," Oprah says as she walks past a patch of artichokes and green peppers. "I see a basket of heirloom tomatoes from my garden, and it's so beautiful that I have to take a picture. Just the bounty of it, the fact that this just came out of the ground, the fact—oh, I can go on and on about the tomatoes until people say, 'Hey, it's a tomato!"


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