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Oprah just expanded her Montecito compound by scooping up Jeff Bridges' neighboring ranch for $6.85 million. Here's a look inside the media mogul's new property.

Nov 26, 2019, 21:17 IST

The Santa Barbara home edges up to Oprah's already expansive compound.Courtesy of Eric Foote/Elevated Horizon

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Last month, Oprah had two Montecito ranches collectively worth $79 million. Now, she has three ranches collectively worth almost $86 million.

According to Variety's James McClain, Oprah's latest foray into the real-estate market is a $6.85 million Spanish-style ranch she bought from her Oscar-winning neighbor Jeff Bridges earlier this month.

Bridges bought the Santa Barbara-area ranch in 2014 for $6.85 million. The 4-acre property underwent extensive renovations after 2017 mudslides, according to Architectural Digest. He listed the home for $8 million in April, meaning Oprah waited six months for a price cut.

Sally Hanseth of Coldwell Banker held the listing and represented Oprah in the sale.

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Keep reading for a look inside the home.

Oscar-winning actor Jeff Bridges listed his Montecito ranch in April for $8 million.

Source: Variety

Oprah Winfrey, the media mogul billionaire and Bridges' neighbor, just bought the home for $6.85 million ...

Source: Variety

... which is the same price Bridges paid for the 4-acre property in 2014.

Source: Coldwell Banker Global Luxury Division, The Real Deal

The home features many outdoor areas.

Source: Coldwell Banker Global Luxury Division

There's a five-stall horse barn ...

Source: Coldwell Banker Global Luxury Division

... and a pool, with an accompanying pool house that is detached from the main residence.

Source: Coldwell Banker Global Luxury Division

The pool house has a main living room, office, sauna, and bathroom.

Source: Coldwell Banker Global Luxury Division

Meanwhile, the main residence has three bedrooms and two and a half baths.

Source: Coldwell Banker Global Luxury Division

There are multiple spacious lounging areas and five fireplaces throughout the home.

Source: Coldwell Banker Global Luxury Division

Even though the ranch was originally built in 1919, its recent renovations ensure a newer, modern feel, complete with quartz countertops in the kitchen.

Source: Architectural Digest

The master bedroom has vaulted ceilings and a bay window ...

Source: Coldwell Banker Global Luxury Division

... and the master closet is just as expansive.

Source: Coldwell Banker Global Luxury Division

The ensuite bathroom has both a tub and shower.

Source: Coldwell Banker Global Luxury Division

The purchase of the ranch brings the value of Winfrey's real-estate holdings in Montecito up to $86 million, according to The Real Deal.

Source: The Real Deal

Winfrey bought a 42-acre, $50 million property in 2001 and a neighboring horse ranch for $29 million in 2015. The entire compound serves as her home base.

Source: The Real Deal

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