Oprah Sells Orcas Island Waterfront Estate for $14 Million
Over her three decades of being one of America's most revered television personality, Oprah Winfrey has gained an enormous net worth of $2.7 billion. A hefty financial profile like that is sure to come with an amazing estate to match. Lucky for Winfrey, she has at least eight beyond luxurious properties to her name!
From her main residence in Montecito - aprospoly called 'Promised Land' - to her farm estate near the Santa Ynez Mountains that she purchased through an auction in 2016, the billionaire owns around $200 million dollars in real estate.
On Tuesday, she sold her Pacific Northwest waterfront estate that she acquired in 2018. The lavish 43 acre island sanctuary sold for $14 million.
According to the Business Journal, this home stands as the highest priced estate in the Ocras Islands after the seven figure purchase. This certainly makes sense when taking into account the sheer opulence of the property.
Located in the Madroneagle compound just outside of Seattle, the three story main home contains four bedrooms and three bathrooms. Overlooking 3,000 square feet of the shoreline, the interior provides a luxuriant cabin aesthetic made with reclaimed wood. All this is thanks to Winfrey's remodeling almost immediately purchasing the property in 2018 for $8 million.
The home was initially listed for $12 million beforehand, though the price was bumped down due to a lack of interest from buyers. The market crash within the island also added to buyers; reluctant in considering the home.
"People were so timid and cautious about any sort of purchase," Jen Cameron, vice president of the global luxury division of Coldwell Banker Bain told Mansion Global.
The home's new owner actually contacted Oprah's fitness guru to inquire about the place, seeing as how it wasn't officially on the market. Though there were rumors that the tv legend was looking to get the home off her hands.
"They [the buyer] just figured she’s too busy and never going to really use it," Winfrey's representative for the sale Wally Gudgell told Business Journal, "and that’s why they were willing to sell it."
There's a ton of aspects about this home that would well accommodate an A-lister's lifestyle. From the kitchen with a built in pizza oven to the floor-to-ceiling bookshelves in the reading nook, it makes for the perfect island paradise.
Sources: Business Journal, Architectural Digest, Mansion Global
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