By Jennifer Pearson

PUBLISHED: 06:55 EST, 13 September 2013 | UPDATED: 07:59 EST, 13 September 2013

It's been on and off the market over the past two years, with prices being adjusted to fit the economy.

But now, just six weeks after it was put up for sale for a second time, Ellen DeGeneres and Portia de Rossi's idyllic Californian horse ranch has sold for $10.85million.

The final price was significantly lower than the $13million price tag the celebrity couple had placed on the property in August, after originally putting it up for sale for a price of $10million just weeks before.

And while the pair are sure to be thrilled that the property has sold, the selling price is a drop in the water compared to the $14.9million they put it up for in 2011, before removing it from the market just weeks later.

No doubt the 26-acre spread has drummed up a lot of interest - it's a horse lover's dream tucked into the foothills of the Santa Monica Mountains with access to cool breezes coming from the nearby Malibu beaches.

The impressive property, which the couple purchased in 2009, a year after they said 'I do,' includes eight cottages renovated with the help of interior designer Jay Holman using a lot of white, grey, taupe and earth tones.

Perhaps as a precursor to the listing, the horse ranch was featured in a gorgeous photo spread in Elle Decor magazine.

The cottages boast upgraded bathrooms and kitchens that feature modern appliances, wood and polished concrete floors, vaulted beam ceilings, and plenty of decks and terraces that provide ample views of gently rolling countryside.

Ellen, 55, and 40-year-old Portia's rustic home of course features many horse-related buildings and riding rings.

Beyond that it also has a tree house and quaint windmill, a string of large barns with heated concrete floors and kitchen space.

All in all, it's an entertainer's dream if one plans to have dozens of people over at a time.

There's also a screened yoga pavillion where yoga enthusiast Portia loved to put in her sessions of meditation and relaxing postures.

While there doesn't appear to be a swimming pool in sight, there's plenty of room to install one.

There's also a tennis court and basketball hoops for sports enthusiasts.

Perhaps the reason for the real estate flip lies in the fact that, earlier this year, Ellen and Portia plunked down $26.5 million on an estate in Santa Barbara, California, about a 90-minute drive north of Los Angeles.

The talk show host has previously owned two horse ranches in recent years, both in picturesque Santa Ynez Valley, California, and both sold after less than two years of ownership.