The Sussexes’ Montecito mansion has doubled in value in two years
Every single day of the last two years and two months, the British media has shown their ignorance of American culture, American business, American celebrity and American real estate. It’s fine to not know how things work in other countries, but the British media’s strident efforts to Britsplain American culture has been consistently offensive and idiotic. Anyone could have told them that the California real estate market is always booming, especially in the wealthiest enclaves and the middle-class residential areas of the state. Anyone could have told them that the Duke and Duchess of Sussex’s purchase of their Montecito mansion was – more than anything – a great investment. But instead, Salt Island screeched about the Sussexes’ 862 bathrooms and contemptuously derided Harry for having a mortgage. Now the Sun admits the obvious: the value of the Sussexes’ home has doubled in value in two years.
Prince Harry and Meghan have earned a staggering £12 million in the past two years – by doing nothing more than staying at home. Their luxury Montecito mansion, which they bought for £11.93 million ($14.6 million) in June 2020, has more than doubled in value in only 23 months.
The 18,671 sq ft home in oceanside Montecito, which boasts nine bedrooms and 19 bathrooms, is now valued at £23,960,720 ($29,350,320) million by property website Redfin – meaning Meghan and Harry would make £12 million if they sold today. Rival website Zillow puts the value of Harry and Meghan’s home at £21.6 million ($26,485,500), but claim it could fetch as much as £30 million ($36.81m)
Sitting on 7.4 acres with spectacular views of the Pacific Ocean, their home in the exclusive celebrity enclave boasts a private cinema, gym, spa and wine cellar. It has a pub games room, swimming pool and separate guesthouse where Meghan’s mother Doria stays when she visits from her home in Los Angeles, 90 miles to the south of Montecito.
“Property prices have soared in the past 18 months, and show no sign of stopping,” a local luxury estate agent told The Sun. “Harry and Meghan only had to sit back and watch their home’s value sky-rocket.”
The massive hike in their home’s value, soaring way above the average increase in California’s super-heated housing market, could be contributing to whispers that the royal couple is considering selling up and moving.
What’s funny is that Santa Barbara/Montecito has always been popular with wealthy celebrities, but Harry and Meghan were somewhat ahead of the curve by making Montecito their primary residence and basing themselves well outside of LA. Now more celebrities are doing that, or buying second homes in the Santa Barbara area. Which is why the prices are going up so much (plus just regular old inflation and a crazy real estate market in the state). Anyway, I love all of this and I hope Harry and Meg never move. They seem to love it there. Harry seems to especially love the beach and the local polo club.
Meghan Markle Cheers On Prince Harry at Polo Tournament Near Their California Home
— People (@people) May 16, 2022
Photos courtesy of Backgrid.
- ** RIGHTS: ONLY UNITED STATES, BRAZIL, CANADA ** London, UNITED KINGDOM – Prince Harry visits the Black Prince Trust in Lambeth. The Duke of Sussex is launching “Made by Sport” a campaign to help disadvantaged young people through sport. Pictured: Prince Harry, Harry Duke of Sussex BACKGRID USA 12 JUNE 2019 USA: +1 310 798 9111 / UK: +44 208 344 2007 / *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
- ** RIGHTS: WORLDWIDE EXCEPT IN NETHERLANDS ** Cape Town, SOUTH AFRICA – Prince Harry and Meghan Duchess of Sussex at the Justice Desk initiative in Nyanga township, Cape Town, South Africa, where they dance with locals. Pictured: Prince Harry, Meghan Duchess of Sussex BACKGRID USA 23 SEPTEMBER 2019 USA: +1 310 798 9111 / UK: +44 208 344 2007 / *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
- ** RIGHTS: WORLDWIDE EXCEPT IN NETHERLANDS ** Cape Town, SOUTH AFRICA – Prince Harry during a Youth Reception at the British High Commissioner’s Residence in Cape Town, South Africa. Pictured: Meghan Markle BACKGRID USA 24 SEPTEMBER 2019 USA: +1 310 798 9111 / UK: +44 208 344 2007 / *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
- ** RIGHTS: WORLDWIDE EXCEPT IN NETHERLANDS ** Cape Town, SOUTH AFRICA – Prince Harry Duke of Sussex and Meghan Duchess of Sussex meet Coastguard trained by Royal Marines at Kalk Bay, Cape Town. Pictured: Prince Harry, Duke of Sussex, Meghan, Duchess of Sussex BACKGRID USA 24 SEPTEMBER 2019 USA: +1 310 798 9111 / UK: +44 208 344 2007 / *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
- ** RIGHTS: WORLDWIDE EXCEPT IN NETHERLANDS ** Cape Town, SOUTH AFRICA – Prince Harry Duke of Sussex and Meghan Duchess of Sussex meet Coastguard trained by Royal Marines at Kalk Bay, Cape Town. Pictured: Prince Harry, Duke of Sussex, Meghan, Duchess of Sussex BACKGRID USA 24 SEPTEMBER 2019 USA: +1 310 798 9111 / UK: +44 208 344 2007 / *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
- ** RIGHTS: WORLDWIDE EXCEPT IN NETHERLANDS ** Johannesburg, SOUTH AFRICA – Prince Harry and Meghan, Duke and Duchess of Sussex during a visit to a township to learn about Youth Employment Services (YES), which aims to tackle the critical issue of youth unemployment in South Africa by creating one million new work opportunities in the next three years. Pictured: Meghan, Duchess of Sussex BACKGRID USA 2 OCTOBER 2019 USA: +1 310 798 9111 / UK: +44 208 344 2007 / *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
- ** RIGHTS: WORLDWIDE EXCEPT IN NETHERLANDS ** Johannesburg, SOUTH AFRICA – Prince Harry and Meghan Markle, Duke and Duchess of Sussex are seen during a visit to a township to learn about Youth Employment Services (YES), which aims to tackle the critical issue of youth unemployment in South Africa by creating one million new work opportunities in the next three years. Pictured: Prince Harry, Meghan Markle BACKGRID USA 2 OCTOBER 2019 USA: +1 310 798 9111 / UK: +44 208 344 2007 / *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
- ** RIGHTS: ONLY UNITED STATES, BRAZIL, CANADA ** Windsor, UNITED KINGDOM – BGUK_1763809 – Meghan Markle, Duchess of Sussex, and Prince Harry, Duke of Sussex, attend a roundtable discussion on gender equality with The Queen’s Commonwealth Trust (QCT) and One Young World at Windsor Castle, Windsor, Berkshire, UK. Pictured: Meghan Markle, Duchess of Sussex,, Prince Harry, Duke of Sussex BACKGRID USA 25 OCTOBER 2019 USA: +1 310 798 9111 / UK: +44 208 344 2007 / *UK Clients – Pictures Containing Children Please Pixelate Face Prior To Publication*
