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Montecito House From 'Harry & Meghan' Still on Market After Price Cut

Buyer demand has shifted to smaller footprints, limiting interest in the 13,000-square-foot listing.

Overview

  • The Montecito estate featured in the Netflix series remains listed at about $29,995,000 after a $3.5 million reduction and multiple failed sale attempts since 2021.
  • Listing agent Ryan Malmsten says the sellers came close to deals several times but buyers ultimately chose other properties and now prefer much smaller homes.
  • The property shown in the series was a rented house used for filming rather than the Sussexes’ personal residence in Montecito.
  • Meghan has continued to use private locations for work, including a friend’s Upper East Side brownstone, citing a desire to keep the family home as a protected space.
  • Real-estate commentators note a smaller buyer pool for megamansions in Montecito and point to local flood and fire risks as ongoing headwinds for high-end sales.