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'Magic Mike XXL' Cast Channing Tatum Buys 48-acre Ranch in Ojai for $750,000

The busy producer, co-writer and of course, star of "Magic Mike XXL" Channing Tatum is also busy working on so many real estate deals recently. He has just bought an almost 48-acre bucolic Ranch in Ojai, California, for only $750,000, reports Los Angeles Times.

Although this property is very huge, its price is only a fraction of the previous real estate transactions he just closed. The "Foxcatcher" actor and his wife, Jenna Dewan-Tatum, just sold their Hollywood Hills West for $2.7M but before that, he already bought another posh property in Beverly Hills for $6M.

This vacant property was bought in February, the same month his purchase of the Beverly Hills estate was reported, says LA times. In his interview with The Hollywood Reporter, the actor already hinted that he wants to have a nice place in Ojai.

The Ojai property that caught the "21 Jump Street" actor's attention features wonderful valley and Topatopa Mountain views, notes LA Times. Little is known about the couple's newest property, however, the news site adds that there is already electricity and water utilities readily set up in the area.

The couple, who met on the set of the 2006 movie "Step Up," were able to purchase the ranch below its previously sold price of $987,000 in 2004. That was quite a great bargain for a large property that can serve as a good location for a horse ranch or a farm.

In Tatum's interview with THR, it was also reported that his wife might still be considering the move to Ojai. That could probably be the reason why even though they sold their old Hollywood Hills home and bought the Ojai property, the couple still bought the Beverly Hills home. Perhaps, the actress is just thinking about the location since it would be easier for her to continue her other love, acting, as it is nearer to the entertainment capital of the world.

Nevertheless, the stars' almost two-year old lovely daughter, Everly, might enjoy the bucolic property in Ojai, too. She seemed to like hanging out under the sun, based on the photos released by Daily Mail, showing a doting mother, Jenna, carrying Everly while walking a trail in the Studio City hilly area. The darling litle girl did not even mind sitting on the dusty road while looking for something in a bag.

"Magic Mike XXL" will be released in theaters on July 1, 2015. The film is directed by Gregory Jacobs and also stars Matt Bomer, Joe Manganiello, Amber Heard, Adam Rodriguez, Elizabeth Banks and many more. 


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