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 announced plans to return to the UK with their children, ending their six-year residence in California. However, speculation is mounting in the Santa Barbara real estate market about the possibility of the couple selling their Montecito mansion. The property, valued at $14.38 million, is owned by their company, Rockbridge LLC, and was purchased in 2020 for $14.65 million.
The annual cost of maintaining the estate, including mortgage payments and property taxes, is estimated to exceed $600,000. A local real estate broker, Jason Streatfeild, suggests that ultra-luxury homes like this one are often sold privately to avoid public listing. Despite the potential for a sale, the couple has stated their intention to retain the property and their home in Portugal.
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