Prince Harry and Meghan Markle’s paid $14.7M for their sprawling Santa Barbara estate

Prince Harry and Meghan Markle's $14.7million home in Santa Barbara, California

 This is the sprawling California estate snapped up by Prince Harry and Meghan Markle – earning them neighbors with celebs Oprah Winfrey and Ellen DeGeneres. 

Santa Barbara property files exhibit the sprawling 9-bedroom and 16-lavatory mansion in upscale Montecito was bought on June 18 for an eye-watering $14,650,000. The 18,000-square-foot property sits on 5.4 acres of land and immaculately clipped hedges border the estate’s stone-pillared entry gates. 

In accordance to Zillow, the entrance opens onto a extensive lane paved with hand-slice Santa Barbara Stone that leads by a grand archway of trees to the most important home. The principal residence incorporates a library, office, spa with a separate dry and damp sauna, health club, game room, arcade, theater, wine cellar and five-car garage. 

Prince Harry and Meghan Markle’s $14.7million house in Santa Barbara, California 

The Sussexes have been living in the Montecito home for six weeks

The Sussexes have been living in the Montecito house for 6 weeks

The home sits on a private road in an exclusive area of Santa Barbara, home to many celebrities

The residence sits on a non-public road in an special space of Santa Barbara, residence to numerous celebrities

The home was built in 2003

The residence was designed in 2003 

The estate has sweeping lawns, tiered rose gardens, tall Italian cypress trees, blooming lavender, century previous olive trees, a tennis court docket, tea dwelling, children’s cottage and a pool. It also offers a two-mattress, two-bathtub guest property, perfect for Meghan’s mom Doria, who is performing as one particular-calendar year-outdated Archie’s nanny. Doria has currently been to the residence, TMZ experiences.

In accordance to Zillow, the household has been up-to-date with the latest Lutron lights devices and Crestron, which includes iPad command. 

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The home is positioned on a private road in a luxury and secluded estate in Montecito. Just about each household in the multi-million dollar neighborhood is built for privacy, with prolonged driveways and huge gates. 

Royal insiders say Harry and Meghan procured the residence with help from Prince Charles. 

A source reported: ‘Charles experienced been eager to assist out and place his hand in his own pocket to aid. He is devoted to the two his sons and any time he can help them he generally will’. Clarence House declined to comment.

The home boasts a tennis court, tea house, children's cottage and a pool, among other amenities

The property features a tennis courtroom, tea home, children’s cottage and a pool, between other facilities

Harry and Meghan have moved into a star-studded neighborhood

Harry and Meghan have moved into a star-studded neighborhood

The sprawling estate sits on 5.4 acres

The sprawling estate sits on 5.4 acres

At their peak Harry and Meghan’s combined prosperity experienced been believed to be truly worth all over $43million.

 Leading luxurious true estate broker Jason Streatfeild, who has an place of work in Montecito, explained to DailyMail.com Harry and Meghan will match straight into the group.

‘It’s the type of community wherever you may perhaps not recognize who your neighbor is but you truly you should not treatment,’ he explained.

‘It’s not strange to operate into Oprah Winfrey at the grocery store or to be sitting following to Ellen DeGeneres for lunch at the Miramar Hotel.

‘It’s a incredibly non-public and exclusive region, a place where you can escape with an ocean in front of you and the mountains at the rear of you.

‘We’re about 90 minutes north of Los Angeles and about 4 hours south of San Francisco – a one of a kind south struggling with coastal community that has the channel islands straight in entrance of us.

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‘We have a great local climate, tranquil waters and it is just a extremely laid again wellbeing oriented group with loads to do outdoor.’

Streatfeild, 39, who runs a crew of five agents in Montecito for the Douglas Elliman true estate organization, explained you will find also a lot of browsing and wonderful places to consume.

‘There are also two smaller commercial districts crammed with amazing eating places and large stop outlets,’ he explained.

‘Harry and Meghan coming here will absolutely make a excitement, but then we’re employed to famous people listed here.’

Harry and Meghan have gotten a steal, as their new home initially sold in 2009 for over $25million

Harry and Meghan have gotten a steal, as their new dwelling originally bought in 2009 for about $25million

Neighbors explained to DailyMail.com they had not viewed the Sussexes, declaring that inhabitants on the private roads normally kept to by themselves. The former royal pair relished walking in the parks close to their former short-term home on Vancouver Island, Canada, and their new home is just a number of minutes wander away from a canyon trail frequented by hikers lapping up the Southern California sunshine – albeit with COVID-19 encounter masks. 

Assets documents demonstrate Harry and Meghan’s new mansion was developed in 2003. 

Despite its large price tag tag, the household is a steal in comparison to its former selling price tag. A preceding owner purchased the assets in May 2009 for in excess of $25million.

Hoping to flip a profit, it was detailed by Sotheby’s 6 many years afterwards for $34.5 million, but had no takers.

Eventually it was relisted for $16,975,000 in January this year, and marketed to the Sussexes for $2,325,000 less than the asking rate. 

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Web site Six reported that the couple have lived in Santa Barbara for the previous 6 weeks.

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Cory Weinberg

About the Author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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