Patience is definitely a virtue, as Oprah Winfrey, is now the proud owner of a prime 23-acre estate – complete with miniature pony farm. She’s waited years to snatch up the $25 million property that sits next to her $50 million mansion in Montecito, California.
According to Daily Mail Online, Oprah has won the bidding war for the property. She reportedly shelled out at least $25 million to seal the mega deal.
Residents in the ritzy seaside community expected this to happen when the estate went up for sealed bid in October.
‘Oprah had been after that property for years,’ one neighbor tells Daily Mail Online. ‘She had tried to buy it from the owner Mary Dell [Mary Dell Olin Pritzlaff].
‘She used to drive her golf cart over to Mary’s to chat and leave her presents and try to be friendly, but all offers to buy the place were soundly refused.’
The main home is 4,750 square feet and was designed by renowned California lifestyle architect Cliff May. Other property features include a pool, open and covered patios and decks, manager’s cottage, horse trainer’s house, rambling stable and barn structure.
In October, Sage Auctions began the process of accepting sealed bids from potential buyers for the prestigious property.
On November 18, the talk show mogul learned she was the highest bidder and entered into the deal that would finally ensure her ownership of Seamair Farm.
In October of 2004 she purchased the 4,584 square foot home next to her front gate for more than $4.3 million. In September 2005 she bought a 5.6 acre property with a 3,376 square foot home next to her back entrance for a staggering $7 million.
Oprah has almost 80 acres of property in the prime Montecito real estate market now.
In addition to the four Montecito properties, Oprah also has an apartment in Chicago, as well as homes in New Jersey, Colorado, Florida, Hawaii and Antigua. She has a net worth of $3 billion.