When Meghan Markle
and Prince Harry
swapped the royal shoes for California dreaming, the lovebirds left many things behind, among which was a peaceful living. Away from their regal relatives, the Sussexes built a home away from home, brick by brick. While many slammed their American lifestyle over the resemblance of pseudo-royal connotations, Markle and the Prince were resolute in keeping the naysayers out of their $14 million gated castle. Although whispers of housing instability made headlines with a drop in the area’s home prices, recent reports do away with those worries like a new year gift.
The Duke and the Duchess can finally breathe a sigh of relief since 2025 is set for onwards and upwards only.
Meghan Markle and Prince Harry’s Montecito abode sees a massive price hike
According to a new report by Redfin (via Newsweek
), the median home prices in Montecito have increased to 47% since June 2020, while the prices in California are up by 41% within the same time frame. Meghan Markle and Prince Harry purchased their Montecito mansion in California for around $14.7 million. However, Zillow’s latest estimate claims the property is now worth $29, 632,900, following a 6.2% increase in value in the last 30 days.
Executive editor at Realtor.com, Charlie Lankston pointed out that the Duchess’ upcoming Netflix series “will undoubtedly only increase interest in the couple’s home life.”
The show was not filmed in the Montecito mansion the Sussexes call home but in a $8 million “borrowed property just a few minutes away.”
However, with their Californian lifestyle finally giving them the upper hand after the criticism that followed their polo series on the streamer
, 2025 looks like the year of this dream team.
Not so long ago, behind the serene facade of Meghan Markle and Prince Harry’s Montecito haven, whispers of turmoil simmered, threatening to upend their tranquility.
When Meghan Markle and Prince Harry’s Montecito home was in hot waters
Meghan Markle and Prince Harry’s resettlement Stateside was full of dreams and aspirations. But just as their supporters thought the challenges were over for the couple, a fresh slate of difficulties entangled the two one after another. One such problem was their Montecito’s residence’s uncertainty when in October, real estate company Redfin reported about its home prices undergoing a 14.1% drop compared to last year.
The median price for a Montecito home was reportedly $5.5 million in 2024, a large setback for the Sussex estate’s $14 million price tag. The report additionally outlined that properties in the area were sold on an average of 43 days post-listing on the market as opposed to 55 days last year. While the drop in value could have affected the couple if they intended to do away with the property back then, the recent reports clear the cloud on the gloom-filled skies, true to the New Year’s spirit.
Read More: Meghan Markle Reunites With ‘Suits’ BFF and Other Favorites on Her New Netflix Show
What do you think of Meghan Markle and Prince Harry’s Montecito property’s recent value hike? Let us know in the comments below!