Harry and Meghan May Sell Montecito Estate as Costs Mount

Reports suggest Harry and Meghan may list their 7.38‑acre Montecito estate due to soaring annual costs, with a mortgage around $40k–$43k per month plus about $150k in property taxes and other upkeep, pushing fixed costs beyond $650k a year. They bought the 18,000‑sq‑ft home in 2020 for roughly $14.65m with a $9.52m adjustable‑rate loan that could rise to 7.49% by 2030, and brokers say a sale could fetch roughly $65–75m (potentially off‑market). The couple is relocating to the UK but intends to keep this California property and their Portugal vacation home.