Oprah Winfrey purchased the Seamair Farm at 380 Santa Rosa Lane in Montecito on February 5, 2016, reported the Santa Barbara News-Press on February 14, 2016.  The Spencer T. Olin Trust conducted an Auction of the 23-acre farm on November 18, 2015. The trust conducted an Auction because they believed, “the property was very hard to value due to its size and location within Santa Barbara County.” This property which included 260 Santa Rosa Lane sold for $28,850,000.

“As one of the potential buyers, Oprah carefully researched the positioning of the Seamair Farm and paid several personal visits to make sure it would meet the promises the positioning highlighted.  She had a number of experts inspect different aspects of the property and paid extensive due diligence to the Property Package.