EDIT (4/7/19): We’ve been contacted by a knowledgable Hope Ranch resident who swears this house was actually purchased by Wolf for his estranged wife Noelle Lippman. It appears Wolf will remain in his longtime Montecito digs.
Although he’s still technically married, it appears Wolf has wasted no time in securing himself a new home, plunking down a hefty $14.8 million for the slick estate. That’s a lot of money to most folks, but probably nothing major to a man of Wolf’s wealth.
Just how rich is Wolf? Estimates vary, but most sites peg his net worth as somewhere north of $500 million. But perhaps even more shockingly is that according to that same TMZ article, Wolf earns somewhere between $10-15 million per month. Every 30 days, Wolf grosses enough — theoretically, before taxes and all that — to pay off his giant new mansion.
Now in his 70s with two young kids (plus three adult children from a prior marriage), Wolf created the enormously successful Law & Order juggernaut, some version of which has been on TV since 1990. In fact, his “SVU” spinoff was recently renewed for a history-making 21st season, making it the longest-running TV show ever. And Wolf additionally founded the successful Chicago TV franchise, which has spawned nearly 400 episodes.
Wolf’s new Hope Ranch lair was spec-built by a local couple, completed in 2017, and tossed onto the market with a $17.5 million ask shortly thereafter. But it took more than a year to sell.
Tucked behind tall gates near the end of a quiet cul-de-sac, the house itself is set high on a 2.3-acre knoll with over-the-treetops ocean views. A pebble walkway leads past carefully sculpted cactus gardens.
From out front, the wood-and-stone-sided abode appears to be a fairly modest structure, but it drops down to two full floors out back, weighing in with a mansion-sized 11,209-square-feet of living space.
The formal dining room shares a double-sided fireplace with the great room, which features an entire wall of pivoting iron-and-glass doors. Beyond them lie the gardens and the 75′ pool/spa combo.
This property has two master suites — one upstairs and one downstairs, each sporting more of those iron/glass doors. The lower bedroom has garden views, while the upper one includes distant peeks at the ocean. Naturally there’s also an elevator.
Elsewhere on the grounds is some sort of art studio, a bocce ball court, and plenty of al fresco dining spaces. The property is located in Hope Ranch, an equestrian-friendly seaside community located immediately west of Santa Barbara.
Wolf long resided in nearby Montecito, on a two-estate compound of nearly 5-acres. That property includes a total of nearly 16,000-square-feet of living space spread across multiple structures.
No word on whether this lavish spread will soon hit the market or if the third Mrs. Wolf retained it in the marital split. Incidentally, the property lies almost directly across the street from the new $14.5 million estate of porn king Bill Asher.