Oprah just bought another Southern California home for nearly $29 million

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Media mogul Oprah Winfrey is apparently doubling down on her real estate empire. She recently picked up a $28.85 million 23-acre property in the heart of Montecito, a ritzy seaside town just south of Santa Barbara, California. She already happens to own an $85 million estate a few miles away.

The new property — called Seamair Farm — is a sprawling, ranch-style setup with full equestrian facilities. There's an avocado orchard, a fish pond, a pool, and a large, flat lawn. In fact, the property is one of the largest estates in Montecito.

 The OWN magnate is on something of a buying spree; she just snagged a $14 million Telluride home in December, too.

Check out her new California digs, below.

The 23-acre Montecito hideaway is just a few miles away from the Pacific coast and the picturesque city of Santa Barbara.

Seamair Farm boasts fully equipped horse facilities, including a paddock and stables.

The simple, single-level ranch-style house was designed by renowned California architect Cliff May, who is remembered for popularizing the ranch style in the 1930s. It's a 4,750-square-foot four-bedroom with four fireplaces.