Harry and Meghan's California mansion may be sold as couple weighs return to Britain
Prince Harry and Meghan Markle are contemplating selling their lavish Montecito mansion as the financial burden of over $600,000 annually in mortgage and property taxes weighs heavily. Initially purchased for $14.65 million, the estate is generating buzz among brokers, with potential sale prices estimated between $55 million and $65 million. A final decision may follow their relocation to the UK.
Prince Harry and Meghan Markle might be required to sell their luxurious Montecito mansion in California after moving back to the UK, according to reports. The New York Post claims the $14.65 million property, which they purchased in June 2020, is costing them over $600,000 annually in mortgage payments and property taxes. While the couple plans to keep the 7.38-acre estate with Prince Archie and Princess Lilibet, sources in the Santa Barbara real estate market suggest that the property could be put up for sale.
The estate boasts 18,000 square feet, nine bedrooms, and 17 bathrooms, including amenities like a pool, tennis court, and exquisite grounds. Despite the high annual cost, a local broker estimates the property could be listed between $55 million and $65 million, considering its value. The broker also believes a potential off-market sale is possible, with the Sussexes possibly deciding to sell after settling in the UK.
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