Ellen DeGeneres buys Brad Pitt's Malibu home for $12 million

Ellen DeGeneres purchased Brad Pitt's Malibu manse, which consists of two separate houses, a pool and a tennis court.

Story highlights

  • The property overlooks the Pacific Ocean, has private beach access
  • Ellen DeGeneres's interest in the estate was first buzzed about around Thanksgiving
  • DeGeneres and Portia de Rossi will be downsizing to 4,000

It is official: Ellen DeGeneres is the proud owner of a new home.

The former home of a very A-list actor.

Transactions were completed Friday to finalize the purchase of Brad Pitt's Malibu manse for $12 million, PEOPLE has learned.

The property overlooks the Pacific Ocean, has private beach access, consists of two separate houses, a pool, a tennis court and lush gardens.

DeGeneres's interest in the estate was first buzzed about around Thanksgiving, a month after she and wife Portia De Rossi put their Architectural Digest-featured home on the market for $49 million.

The couple will be downsizing a bit: From about 15,000-square feet of interior space to 4,000. Sounds cozy!

See the full article at PEOPLE.com.