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    Hot Property: Additional holiday markdowns

    by Neal J. Leitereg, Los Angeles Times Dec 08, 2017 3 minutes

    LOS ANGELES - Black Friday and Cyber Monday have come and gone, but there are still a few discounts to be had.

    In Montecito, Ellen DeGeneres and wife Portia de Rossi appear to have lowered expectations on their Italian villa-style home.

    Originally offered at $45 million, the romantic weekend retreat and its centerpiece Wallace Frost-designed stone house is now listed for $39.5 million - a roughly 12 percent reduction.

    The 16.88-acre estate, which includes a sunken tennis court, badminton court and an indoor-outdoor pool house, has been on and off the

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