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Talk show host Ellen DeGeneres and wife Portia De Rossi have purchased the Malibu mansion previously owned by actor Brad Pitt.

The $12 million deal was finalized on Friday. The estate overlooks the Pacific Ocean and includes private beach access, two separate houses, a swimming pool, tennis court and beautiful gardens.

Brad purchased the 4,000 square foot 4-bedroom, 4-bath residence for $4.8 million in 2005 following his split with actress Jennifer Aniston.

Ellen and Portia listed their sprawling Beverly Hills home for $49 million in June. The 15,000 square foot mansion has been featured in Architectural Digest.

It looks like the power couple is looking to downsize. We’ve included more photos of their new Malibu digs below:


Photo Credit: WENN, Real Estate Stalker-more pics here