Harry and Meghan’s Montecito Mansion costs $650,000+ a year—Will they finally sell?
The couple purchased the estate for $14.65 million in 2020, shortly after stepping back from royal duties and moving to the United States.
Prince Harry and Meghan Markle have revealed their intention to maintain their expansive Montecito mansion while preparing to relocate their family to the United Kingdom. However, the substantial annual expenses associated with the property have sparked speculation about a potential sale. The 7.38-acre estate, purchased for $14.65 million in 2020, carries a hefty mortgage and tax burden, with annual costs exceeding $650,000.
Despite the high maintenance expenses, the property has strong demand in the luxury real estate market, with estimates suggesting it could potentially sell for between $55 million and $65 million. The Sussexes' desire to sell the home may depend on their long-term plans in the UK, the financial implications of maintaining the property, and the potential profit from a sale.
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