Everything We Know About Prince Harry & Meghan Markle’s New Montecito Home (from the Pool to the Price Tag)

prince harry meghan markle montecito home

ICYMI: Prince Harry and Meghan Markle recently bought amulti-million-dollar compoundin the wealthy neighborhood of Montecito, California. They had been previously staying in amansion in Los Angeles, but many believe this new location is where the couple will permanently settle down.

So, how much did the Duke and Duchess of Sussexpay for the estate? And will they ever fill all 19 (!) bedrooms? Keep reading for all the deets.

1. Where is it located?

The estate is located in Montecito, a seaside town located in Santa Barbara County. Although it’s about a 2-hour drive from Los Angeles, the area is known for being acelebrity hot spot, with people like Gwyneth Paltrow, Oprah Winfrey and Ariana Grande owning nearby compounds.

Prince Harry and Markle’s particular lot is located on a private, gated street that can only be accessed by neighbors and guests. So, don’t get any ideas…

2. How much did it cost?

Prince Harry and Markle purchased the Montecito estate for $14.65 million. According toofficial documents, the royal couple obtained a $9.5 million mortgage to seal the deal.

Despite the hefty price tag, the Duke and Duchess of Sussex actually scored a massive discount on the property. The previous owner, Russian businessman Sergey Grishin, bought it for $25.3 million back in 2009, and while he tried to make a profit, he ended up settling for a $10 million loss.

3. When did they buy it?

我们不知道当他们put down the offer, but the deal went through sometime around mid-June. The purchase went unnoticed for a few weeks for one simple reason: Prince Harry and Markle didn’t use their own names on the grant deeds. Instead, they operated under a mysterious trust that just so happens to link back to Markle’s Hollywood business manager, Andrew Meyer.

4. What does it look like?

The Mediterranean-style house was built in 2003 and sits upon a 7.4-acre compound, which boasts multiple structures (like a detached guest home, a tea house and a children’s cottage, to name a few).

The main residence features 19,000 square feet of living space, including 9 bedrooms and 16 bathrooms. Other parts feature a library, gym, arcade, game room, home theater and separate wet and dry saunas.

In the backyard, there’s a full-size tennis court and a large swimming pool.

5. Was it a turnkey purchase?

For the most part, yes. However, Prince Harry and Markle are still planning on doing some renovations, particularly in the backyard.

“The outdoor play area will be decked out with swings and slides, a climbing frame and a tea area for Archie and his new little pals,” a source toldUs Weekly. “Meghan’s counting the days until Archie can start interacting with children his own age.”

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