The property sits on six acres and includes two homes; one built in 1845 and covering 3,000 sq ft and the other 3,600 sq ft and built in 2006, according to TMZ The property listing describes the secluded bolthole as surrounded 'by olive groves, rose gardens and private courtyards' as well as 'professional quality equestrian facilities'.
There are four bedrooms and four and a half bathrooms in the 'incredibly private' home which boasts both mountain and ocean views.
Images from inside the property reveal plenty of period features including exposed beams and antique furniture and artwork filling every room.
The previous owner opted for a traditional feel with terracotta tiling and ornate rugs throughout - which Ellen, a passionate interior designer, may choose to update.
The kitchen is a perfect mix of country style with updated appliances and plenty of counter space.
Ellen and wife Portia de Rossi, 44, already have a palatial estate in Montecito, known as The Villa, which they have been trying to sell since March.
The stunning Tuscan style mansion is on the market for a cool $39.5million, reduced from the originally listed price of $45million.
Ellen and Portia bought the property in 2013 for $26.5 million and subsequently bought two adjacent properties, making the estate's total land space almost 17 acres.
The home itself has six bedrooms and six full and two half baths spread across 10,500-square-feet.
Ellen purchased her latest Montecito pad in September so it's likely she's already moved-in amid the wildfires ravaging Ventura and Santa Barbara county.
The Finding Dory star revealed over the weekend she was forced to evacuate her home because of the fast-moving fire that has already burned through over 200,000 acres.
The comedienne also just purchased a beachfront home in Carpinteria, which is situated just minutes south down the coast from Montecito, forking over $18.6million for the property in October.
Carpinteria was also under threat from the fires over the weekend.
Ellen explained the worrying situation on Twitter on Sunday with a message that read: 'Our house is under threat of being burned. We just had to evacuate our pets. I'm praying for everyone in our community and thankful to all the incredible firefighters.' She followed up with another message showing her gratitude for her neighbors and emergency workers in the area.
'Everyone in the Montecito area is checking up on each other and helping to get people and animals to safety. I'm proud to be a part of this community. I'm sending lots of love and gratitude to the fire department and sheriffs. Thank you all. #ThomasFire' Oprah and fellow neighbor Rob Lowe have also reportedly had to evacuate as the fire threatens their neighborhood.