Brad Pitt may have just sold his mansion in Malibu, CA, but Ellen DeGeneres spent no time in waiting to snag the home.

DeGeneres forked over a cool $12 million for Pitt's former property, which overlooks the Pacific Ocean and includes two separate homes, a swimming pool, tennis court and private beach access.

The sale price is actually somewhat of a bargain for DeGeneres, who in October put the Beverly Hills home she shares with her wife Portia de Rossi on the market for a whopping $49 million.

Pitt originally bought the Malibu property for $4.8 million in 2005 after he split from his then-wife Jennifer Aniston.

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