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MEXICAN WEEKLIES OUT UNTIL MARCH 9, 2008 * EXCLUSIVE * Actress Portia deRossi and Comedian Ellen Degeneres attend the 16th Annual Elton John AIDS Foundation Academy Awards viewing party at the Pacific Design Center on February 24, 2008 in West Hollywood, California. 16th Annual Elton John AIDS Foundation Oscar Party - Viewing Party Pacific Design Center West Hollywood, CA United States February 24, 2008 Photo by Kevin Mazur/WireImage.com To license this image (15555196), contact WireImage.com pacific design center founder united states wireimage.com

Ellen DeGeneres and Portia De Rossi selling their $49 million Beverly Hills mansion

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MEXICAN WEEKLIES OUT UNTIL MARCH 9, 2008 * EXCLUSIVE * Actress Portia deRossi and Comedian Ellen Degeneres attend the 16th Annual Elton John AIDS Foundation Academy Awards viewing party at the Pacific Design Center on February 24, 2008 in West Hollywood, California. 16th Annual Elton John AIDS Foundation Oscar Party - Viewing Party Pacific Design Center West Hollywood, CA United States February 24, 2008 Photo by Kevin Mazur/WireImage.com To license this image (15555196), contact WireImage.com pacific design center founder united states wireimage.com

Portia and Ellen

The talk show host and her actress spouse spent $48 million assembling the huge estate - including buying the $30 million 9,500-square-foot single-story house and spending millions more on the surrounding properties – before beginning extensive renovation work but have now listed the compound for $49 million.

The home sits on 2.87 acres just off Coldwater Canyon - near the Santa Monica Mountains - behind gates on its own street and also includes two guesthouses totalling 15,000 square feet, a three bedroom house, and according to official listings "every conceivable amenity and state-of the-art security".

Portia revealed the pair fell in love with the property – which previously belonged at different times to Laurence Harvey, Joan Collins and 'Will & Grace' co-creator Max Mutchnick.

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Portia de Rossi “thanks God” for wife Ellen DeGeneres every day

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She told Architectural Digest: "We'd heard how beautiful it was and then we came over to watch 'American Idol'. We pulled into the driveway and we just knew before we even walked through the gate."

The couple have recently sold a $16 million Hidden Valley compound and although Ellen can't remember how many homes she has bought and sold over the years, she says her love of renovation came from her father, who could never afford to buy his own home.

She said: "We never had a house when I was growing up. We always rented. But my father would dream, and we used to look at houses all the time. The first thing I did when I made money was buy a house."

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