Seems like Earthshell isn’t the only thing that E.K.’s getting out of recently.

A residential property in Hope Ranch has been sold for $50 million, setting a record for a home sale in the Santa Barbara area and topping the $45 million that Oprah Winfrey paid in 2001 for her Montecito estate. The Hope Ranch estate was purchased by Geoff Rusack and Alison Wrigley Rusack. The ocean front home is on 38-acres and once belonged to Peter Cooper Bryce, one of the first estate owners in Hope Ranch. The home was also once owned by businessman Essam Khashoggi, director of Earthshell Corp., who bought the property from the Bryce family, but sold the estate in 2000. The original house Mr. Bryce built was an 18,000-square-foot mansion designed by George Washington Smith.

Hat tip to J.C. Gordon.

/rizzn