Schwarzenegger buys 25 acres

April 22, 2008 4:08:14 PM PDT
Gov. Arnold Schwarzenegger and wife Maria Shriver have purchased a 25-acre tract in an exclusive coastal enclave in Santa Barbara County for $4.7 million.

The Santa Barbara area has long been a magnet for celebrities, from Oprah Winfrey to Michael Jackson. Schwarzenegger snapped up a parcel in the Rancho Monte Alegre project, a former ranch in Carpinteria dotted with waterfalls and lush canyons that is being transformed into privately owned estates ranging from 20 to 720 acres, the Los Angeles Times reported this month.

It wasn't clear when, or if, the governor plans to build on the site, although it allows a home up to 8,500 square feet.

He flirted with buying a home in Sacramento after he was elected in 2003, but is still commuting from his sprawling compound in Los Angeles' Brentwood area.

His office declined to comment.

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