Prince Harry and Meghan Markle's £11m Montecito Home Faces Uncertainty.

The Duke and Duchess of Sussex live in Montecito with their kids, Prince Archie and Princess Lilibet.

Prince Harry and Meghan Markle went all out to land their ideal home in Montecito, where they now live with their adorable kids, Prince Archie and Princess Lilibet. However, the future of their cherished home might bring them some stress, and here’s the scoop…

According to real estate firm Redfin, "Montecito home prices have dropped by 14.1 percent compared to last year," as noted in October 2024.

This year, the average price for a home in Montecito hit $5.5 million, but the Sussexes reportedly dropped a jaw-dropping $14 million on theirs. According to a Redfin report, homes in the area typically sell after about 43 days on the market, which is an improvement from 55 days last year.

If the Sussexes decided to sell their place now, they might face a pretty big loss. But it looks like they’re pretty settled in and not looking to move anytime soon, so there’s a good chance that home values could rise by the time they think about selling.

Their place is officially called the Chateau of Riven Rock, and both Harry and Meghan have shared how much they adore 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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What Is Their House Like?

The couple resides in a massive $14.5 million mansion that boasts seven bedrooms, a home office, a gym, a wine cellar, and an incredible garden that includes a swimming pool and a playhouse for their children.

The Sussexes are living a pretty great life in the US. Back in 2022, Meghan shared a glimpse of her morning routine with their two kids. Plus, we've caught her gardening and taking care of the family's chickens too.

Buying A House In Portugal?

Earlier this year, there were whispers that the Sussexes might be looking to buy a place in Portugal. Richard Eden from the Daily Mail mentioned they were eyeing a property that could serve as a European getaway for their vacations.

This spot seems perfect for the couple since Harry's cousin, Princess Eugenie, moved there with her husband Jack Brooksbank and their two boys, August and Ernest, back in 2022 for Jack's job. Harry and Eugenie have always had a tight bond, keeping it strong even with Harry being distant from his dad, King Charles, and brother, Prince William.

Eugenie and Meghan also became good friends during Meghan and Harry's dating days. Eugenie even made an appearance in the Sussexes' Netflix series, Harry & Meghan, where she was seen playing with their son Archie on the beach during a visit to the States. How adorable!

Despite the current market challenges in Montecito, Prince Harry and Meghan Markle remain deeply attached to their $14.5 million home, the Chateau of Riven Rock. The couple’s dedication to creating a peaceful and joyful environment for their family is evident, with Meghan describing the home as a sanctuary of calm and healing.

Their commitment to making their Montecito residence a long-term haven is clear, and with the potential for the local housing market to recover, the Sussexes’ investment may pay off in the future. Additionally, their plans for a European getaway in Portugal show they are embracing both stability and adventure.

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