Meghan Markle and Prince Harry Are Rumored to Be Selling Their Montecito Home
Looks like Meghan Markle and Prince Harry are gearing up for another big move. According to Santa Barbara News Press (via The Express), the Sussexes are considering leaving their Montecito home and relocating to a fancy neighborhood that has “a collection of multimillion dollar mansions with miles of horse trails and a private beach.” Meanwhile, The Sun reports that the potential move comes as Montecito is experiencing increased property crime.
Harry and Meghan first moved to Montecito after a brief stint in Los Angeles, and the relocation was a long time coming for Meghan in particular. At the time, Us Weekly reported that “Meghan visited Montecito in her teens and fell in love with the picturesque scenery and stunning architecture. Moving there was always an option, but to begin with, she and Harry wanted to give Los Angeles a shot. Unfortunately, Harry absolutely hated it—the timing was so wrong amid the [coronavirus] pandemic and they lacked privacy.”
This source also mused that “an added bonus is that Montecito is only just over an hour’s drive from L.A., which is where a majority of their work is based, yet far enough away to escape the crowds, paparazzi, and tourism in Hollywood.” The couple has obviously kept their home life private, but we did see a glimpse of Meghan’s office in a video the Duchess did with Melissa McCarthy:
Meghan and Harry haven’t commented on their potential move (like, why would they?), but their property value has gone waaaaaaay up. According to The Sun, the Sussexes purchased their home for $14.6 million, and it’s appreciated in value by an additional £12 million ($14.9 million), making it worth almost $30 million. As a luxury real estate agent put it to the outlet, “Property prices have soared in the past 18 months and show no sign of stopping. Harry and Meghan only had to sit back and watch their home’s value skyrocket.”