Robert Friedland seems determined to single-handedly keep Santa Barbara‘s ultra-high-end real estate market afloat. Five months ago, the multibillionaire mining tycoon—he’s the chairman of Ivanhoe Mines, and was also a business mentor of the late Steve Jobs—paid about $47 million for an oceanfront estate on Carpinteria’s prestigious Padaro Lane.
Now Friedland has done it again—records show the charismatic 73-year-old was the buyer who just paid a lofty $32 million for a spectacular Montecito compound sold by Ellen DeGeneres and Portia de Rossi. is located only about four miles northwest of Friedland’s new Carpenteria pad, but is not oceanfront.
Today, the century-old estate is undoubtedly among the grandest compounds in Montecito, with 8-acres of manicured grounds.
Jason Rick / Blake Bronstad
While that $32 million sales price is still among the highest prices paid for a Santa Barbara-area home over the past year, it’s significantly less than the $46.5 million DeGeneres wanted. But it’s also nearly $10 million more than the former talk show host paid for the place less than one year ago, back in June 2023. As is her modus operandi, DeGeneres and her team of skilled contractors and designers gave the place a quick yet complete makeover, transforming it into a trendily minimalist and soothingly neutral retreat that embodies quiet luxury.
Completed in 1919 and known as Pompeiian Court, the house and its 8-acres of manicured grounds are cloaked from public view behind an enormous iron gate and a quarter-mile-long driveway that culminates in a motorcourt surrounded by mature olive trees. Described as a “classic Roman courtyard residence” in the listing, the compound includes a rare single-story main house, plus four additional structures: two guesthouses, a poolside cabana and a petite building that currently functions as an art studio.
Once overwrought, Pompeiian Court’s interiors are now chicly minimalist, albeit still sumptuous.
Jason Rick / Blake Bronstad
Other highlights include formal gardens, ancient oaks, towering eucalyptus trees and rows of Italian cypresses. Both the swimming pool and full-size tennis court are romantically hidden out of sight from the main house, and meandering pathways lace their way around the premises as they bypass fountains, secluded sitting areas and a chardonnay vineyard.
In addition to his two new Santa Barbara-area mansions, Friedland also owns two side-by-side Beverly Hills estates, plus Zsa Zsa Gabor’s former Bel Air property, a luxury flat in Singapore and an oceanfront home in Thailand.
As for DeGeneres and de Rossi, they’ve still got multiple other Santa Barbara-area properties, including a vast estate atop a Carpinteria blufftop and several smaller homes scattered around Montecito.
Click here for more photos of Montecito’s Pompeiian Court.
Source: Luxury - robbreport.com
