Where do Prince Harry and Meghan Markle live? Their mansion in Montecito, California, has been the talk of journalists and the high society since 2020. Montecito is home to luxurious mansions, villas, and historic homes. The average home price in the area is around $3.4 million, but prices can range from several million to tens of millions of dollars. At the same time, there’s no better place for privacy; it’s much more comfortable than, say, Los Angeles. The mansion costs $23 million and offers both luxury and peace. Let’s look closer at their home.
What Do You Get for $23 Million?
The young royal family bought their house in 2020 for $14.65 million. Interestingly, the mansion's price has risen to $23 million since then. This shows that wealthy people are paying more attention to this area and are increasingly interested in buying property there. Specifically, Harry and Meghan's home is about 19,000 square feet and sits on 7.4 acres of land. This property is the largest plot in Montecito, and it has a beautiful view of the ocean and mountains. Only rare photos and official information from the property listing site can reveal what’s inside.
Inside the $23 Million Mansion
The mansion has 9 bedrooms and 16 bathrooms. Yes, 16 bathrooms! That’s perfect for big families or when you have guests. But in this area, no one is surprised by such a number of bathrooms, as this is exactly what many luxury buyers look for. The more rooms, the more prestigious the home is and the more comfort it promises.
Inside, the house looks beautiful and feels welcoming. The grand foyer has a double staircase and chandeliers. The living spaces have tall ceilings and big windows, letting in tons of natural light.
The formal dining room seats 12 people and looks out over the gardens. The kitchen has high-end appliances, marble countertops, and a giant island. It’s perfect for anyone who loves to cook.
Key features of the estate:
- 9 Bedrooms: Great for large families or hosting friends.
- 16 Bathrooms: No waiting for the bathroom!
- Private Library: A quiet place to read or work.
- Gym: With all the workout equipment you need.
- Wine Cellar: Holds over 2,000 bottles of California wine.
- Home Theater: Watch movies privately.
- Tea House: A peaceful space for quiet moments.
- Game Room: Fun for the whole family.
- Spa: Includes a sauna and massage room.
- Elevator: Makes it easy to get to all floors.
This home is not just a house — it’s a place to relax and enjoy life.
Outdoor Luxury
The outside of the mansion is just as stunning. There are beautiful gardens with rose gardens, olive trees, and lavender where Prince Harry can spend picnics with his family and dogs. There’s also a koi pond and walking paths to explore the property. For outdoor lovers, the estate has a full-size tennis court, a saltwater pool, and a hot tub. A large outdoor kitchen and dining area is also perfect for hosting dinner parties. The outdoor patios offer shade so guests can enjoy the weather all year round.
Why Montecito? The Perfect Celebrity Hideaway
Montecito is beautiful, undoubtedly. But a beautiful beach, mountain views, and the ocean at your feet are not the only charms of the location. Plus, there’s privacy, but also proximity to Los Angeles. It’s no wonder that high-profile individuals such as Oprah Winfrey, Ellen DeGeneres, and Gwyneth Paltrow have chosen to make Montecito their home.
The town's popularity is growing, and locals are trying to expand the range of homes to more affordable options. However, prices remain sky-high because developers don't want to move out of the luxury segment. With an average home price of $3.4 million in Montecito, it’s clear that the town has become one of the most sought-after locations for celebrities and wealthy buyers.
The demand for properties in Montecito is on the rise, with home values continuing to climb. Experts estimate that real estate prices in the area will increase by another 5–10% over the next few years, making it a smart investment for those who can afford it.
How Montecito Compares to Other Luxury Locations
In the pursuit of a luxury villa, even if much cheaper than Prince Harry’s, you can venture away from Montecito and look around. There are other fancy areas, like Beverly Hills and Malibu. Here’s how Montecito compares to other places:
- Beverly Hills, CA: It is one of the most expensive real estate markets in the world. A luxury villa here can range from $20 million to over $50 million, with some properties featuring historic significance or unparalleled views of the city. For example, a 10-bedroom, 15-bathroom mansion in Beverly Hills recently sold for $40 million. Beverly Hills is often more commercial and less secluded than Montecito.
- Malibu, CA: A luxury home in Malibu can cost anywhere between $15 million and $40 million. Recently, a beachfront property in Malibu was listed for $45 million. However, these homes are often smaller and closer to the public, unlike the vast estates of Montecito.
- Cyprus: Cyprus offers stunning coastal villas for between $5 million and $15 million. The island boasts beautiful views, a warm climate, and a relaxed lifestyle, making it an attractive destination for international buyers. Cyprus is gaining popularity with buyers seeking a more affordable house option compared to the high prices of California real estate.
- French Riviera: The French Riviera is known for its classic luxury, offering villas in cities like Nice and Saint-Tropez for $10 million to $30 million. However, the French Riviera is more touristy compared to the more private and serene environment found in Montecito.
- The Bahamas: The Bahamas offers homes ranging from $5 million to $20 million in areas like Nassau and the Exumas. These properties offer access to crystal-clear waters and secluded island life. The Bahamas is a top destination for buyers seeking a tropical paradise, but the real estate market here is more relaxed compared to the exclusive nature of Montecito.
Conclusion: The Growing Appeal of Luxury Real Estate
Prinçe Harry and Meghan’s $23 million mansion shows the growing demand for luxury homes. Montecito is becoming more popular with wealthy buyers because it offers privacy, stunning views, and a peaceful lifestyle. Of course, such a luxurious Harry Markle’s home is not affordable for everyone, to say the least. If $23 million is too much, there are other options. In places like Cyprus with the lowest property taxes or the Bahamas, you can find luxury homes for $5 million to $10 million. They offer similar luxuries in a more peaceful setting.
