Ellen DeGeneres Sells Montecito Estate for $20 Million.

After purchasing her Montecito estate just over 1 year ago for $15.75 Million, Ellen Degeneres is on the move.  A buyer has closed on her property in

November 2007 for a reported $20,000,000.  The beautiful George Washington Smith Mediterranean-style Montecito estate was built in 1926 by George Washington Smith, a famous architect that has designed several outstanding homes in Santa Barbara and Montecito CA.  The estate had been thoroughly renovated in 2004 and consists of a four-bedroom main house including a 1,300 sq. ft. master suite, a wine cellar, a billiards room, a library, and an office.  The 4-acre estate also includes a guesthouse, a studio, tennis court, a pool and spa.  Gorgeous gardens and patio areas line the entire property.