Jason Kirk/Getty Images 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. In her latest addition to her Montecito estate, Winfrey purchased a home in 2019 from actor Jeff Bridges and wife Susan Geston for nearly $7 million, according to the L.A. Times.