Harry and Meghan face mounting costs of $650,000-a-year for the upkeep of their $14.7m Montecito mansion – as experts in US say they could decide to sell up
Prince Harry and Meghan Markle are reportedly facing steep annual running costs of around $650,000 for their $14.7m Montecito mansion, with property experts in the US suggesting the couple could eventually decide to sell. The upkeep of the sprawling California estate, which includes staffing, maintenance, insurance and security, has become a significant financial burden as the Sussexes' business ventures in America have struggled to match early expectations.
The nine-bedroom, 16-bathroom mansion, bought in 2020, sits on around 5.4 hectares in the exclusive Montecito enclave near Santa Barbara. Analysts cited note that ongoing expenses of this scale would typically require substantial income to sustain, raising questions about the long-term viability of the property given reports of faltering Hollywood deals and the couple's discussed return to the UK.
- Harry and Meghan's Montecito mansion reportedly costs $650,000 a year to maintain
- US property experts suggest they may eventually sell the estate
- Comes amid reports of stalled US business deals and a possible UK return