ROYAL FAMILY
Prince Harry and Meghan Markle face uncertainty at £11m Montecito home…..Read More
The Duke and Duchess of Sussex reside in Montecito with their children Prince Archie and Princess Lilibet
Prince Harry and Meghan Markle did everything they could to secure their dream home in Montecito, where they now reside with their two beautiful children, Prince Archie and Princess Lilibet. But the future of their beloved residence could cause the couple heartache and here’s why
Real estate company Redfin has revealed that “Montecito home prices were down 14.1 per cent compared to last year,” as reported in October 2024
The median price a Montecito home sold for this year was $5.5 million, but the Sussexes abode is said to have set them back a staggering $14 million. The Redfin report also says that on average, homes in the area “sell after 43 days on the market compared to 55 days last year”.
So, if the Sussexes were to part ways with their property now, they could be set for a significant shortfall. However, it seems the family are settled there with no plans to relocate just yet, so there’s every chance that house prices could improve by the time a house sale is on the cards.
Their house is officially named the Chateau of Riven Rock and both Harry and Meghan have spoken out about how much they love it. “We did everything we could to get this house,” Meghan told The Cut. “Because you walk in and go… Joy. And exhale. And calm. It’s healing. You feel free.”
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