Sneak A Peek Inside Oprah Winfrey’s $90 Million Montecito Home

With a net worth of $3.1 billion, Oprah Winfrey’s television career earned her enough to buy several homes. Even so, Oprah doesn’t open up about her home life often. She only reveals her exquisite interior design skills once in a blue moon. If you haven’t seen her Montecito home–which cost close to $90 million–you’re in for a treat. The house wasn’t even for sale, but Oprah managed to buy it and transform the property into something spectacular. Take a peek! Love At First Sight Oprah Winfrey bought the $90 million Montecito mansion in June 2001. According to SF Gate, the home was originally owned by Robert and Marlene Veloz. The couple was renovating the house to host fund-raisers there. But their plans changed after Oprah visited that April. Reportedly, Oprah encountered the house while snapping pictures for her magazine, O. Although the home was not for sale, Orpah made an offer that was an absolute steal for the Veloz family. A Price That Broke Records 390988 06: The new home of talk show host Oprah Winfrey as seen from the air June 22, 2001 in Montecito, CA. It has been reported that Winfrey purchased the 42-acre Montecito estate for an estimated $50 million dollars. (Photo by Jason Kirk/Getty Images) As reported by SF Gate, Oprah offered the Velozes an estimated $50 million for the estate. Compare that to the $14 million that the Velozes paid for it in 1998, and you have a done deal. Allegedly, the Velozes had thought that they didn’t need such a big home anyway. When Oprah bought the house, Corinna Gordon Interior Design of Montecito had already spent three years on the design. The pool, patio, and tennis court were still under construction. Beginning Renovations The unfinished parts of the home didn’t faze Oprah Winfrey. At the time, she was 47 years old and had earned a net worth of $800 million, according to Forbes. She had plenty of money to renovate the home to her satisfaction. At the time, some sources reported that Oprah planned to build a new garage and convert the old one to a media room. However, not much information surfaced afterward until a 2013 issue of O. In this photo, Oprah is seen with Marlene Veloz, the former homeowner. What Makes The House Special? So what was so eye-catching about this home? For one thing, it has an interesting history. Before the Velozes bought the house, it was owned by John B.F. Bacon, the grandson of the owner of the Libbey-Owens Ford Company, John Baptiste Ford. The Bacons built the home in 1957. The Bacons built a ranch house next to a guest house that had been there since 1912. The 8,000-square-foot property and 6,000 square-foot guest house sat on 42 acres. Oprah would soon expand the ranch house into what you see pictured here. Expanding Her Property After Oprah purchased the Montecito property, it remained at 42 acres for 15 years. In December 2016, she bought an extension to the property. Oprah paid $28.85 million for a neighboring equestrian estate, according to Variety. The 23.26-acre horse ranch featured a single-story home with four bedrooms and five-and-a-half bathrooms. It also provides horse stables, a caretaker’s cabin, and an avocado orchard. With this added property, Oprah potentially had more to renovate but also more privacy.