Prince Harry and Meghan, Duchess of Sussex, are reportedly considering a move from Montecito to Malibu due to finding Montecito too remote. Their current nine-bedroom home was purchased for $14.7 million in 2020. The average property price in Montecito is $6.3 million, while in Malibu, it is $6.8 million. Both areas are experiencing a buyer’s market, offering various housing options for the royal couple.
Unique and Impressive News Report:
Royal Residence in Flux: Prince Harry and Meghan’s Potential Move to Malibu
The real estate realm is abuzz with whispers of a possible relocation for Prince Harry and Meghan, Duchess of Sussex. Reportedly unsatisfied with the remote charms of Montecito, the royal couple is setting their sights on the captivating coastal haven of Malibu, California.
Currently, the Sussexes reside in a magnificent nine-bedroom home in Montecito, a property that exudes grandeur and luxury. Acquired at a princely sum of $14.7 million in 2020, their Montecito abode is a testament to their regal taste and opulence.
However, the allure of Malibu’s coastal shores has captured the couple’s imagination, prompting contemplation of a new chapter in their real estate journey. As they tread this intriguing path, the question arises: what are the property prices in these two sought-after locales?
As of June 2023, Montecito boasts an average property price of $6.3 million, making it a relatively more affordable option for the royal duo. Yet, this quaint coastal town, though charming, seems to have left the couple yearning for more.
Enter Malibu, the bewitching jewel of the Santa Monica Mountains region in LA County. With an average property price of $6.8 million in June 2023, Malibu beckons with its breathtaking beauty and coastal allure. The real estate market in Malibu, much like Montecito, is currently experiencing a buyer’s market, offering an intriguing opportunity for Prince Harry and Meghan.
An array of 370 homes awaits the couple in Malibu, ranging from an enticing lower price range of $40,000 to a jaw-dropping high-end selection priced at $195 million. With such diversity in offerings, the royal pair will undoubtedly find their perfect match amidst Malibu’s stunning landscapes.
As the rumors of their potential move continue to swirl, the world watches with anticipation. Will Montecito’s tranquility give way to Malibu’s coastal charm? The answer lies in the hands of the royal couple as they embark on a captivating real estate adventure, seeking a place to call their own amidst the glimmering shores of Malibu.