Media Mogul Oprah Winfrey Adds to Her Real Estate Empire with Purchase of Montecito Ranch

Seamair Farm, Montecito, CA

Media mogul Oprah Winfrey is apparently doubling down on her real estate empire. She recently picked up a US$28.85 million 23-acre property in the heart of Montecito, a ritzy seaside town just south of Santa Barbara, California. The property had not been on the market in nearly 40 years and is a unique opportunity to own a private sanctuary with an open canvas. Winfrey already happens to own an US$85 million estate a few miles away.

The new property – called Seamair Farm – is a sprawling, ranch-style setup with full equestrian facilities. There’s an avocado orchard, a fish pond, a pool, and a large, flat lawn. In fact, the property is one of the largest estates in Montecito.

And it seems Ms. Winfrey is on a Real Estate spending spree. She just snagged a $14 million Telluride home in December.

(Sources: Wealth X, Business Insider, Sageauctions.com)