Local broker Jason Streatfeild said a discreet off-market deal was the most likely outcome. <\/p>\n
\u201cMany times properties like this will trade off market with an NDA signed and all of the terms sealed until the property records at the county,\u201d Mr Streatfeild told the outlet.<\/p>\n
\u201cIt\u2019s very possible that they would be listing it, but I have a strong feeling that it\u2019s already being discussed and shown.\u201d<\/p>\n
MORE: King\u2019s shock act after Harry eviction fallout<\/a><\/p>\n Harry and Meg slash staff in brutal move<\/a><\/p>\n \u2018Final straw\u2019: Meghan, Harry quit UK over gift Prince Harry and Meghan Markle may be ready to offload their Montecito mansion. Picture: Getty Images<\/p>\n The move ends a six-year run in California for the Duke and Duchess of Sussex, who stepped back from royal duties in 2020.<\/p>\n Their children are set to start school in Britain in September, with King Charles informed of the relocation over the weekend.<\/p>\n While the couple previously claimed they intended to keep both Montecito and their vacation home in Portugal, local property records show the California numbers have become unsustainable.<\/p>\n Purchased through their company Rockbridge LLC for $21m ($US14.65m) in 2020 with a $9.52m adjustable-rate mortgage, the estate carries staggering fixed expenses.<\/p>\n Harry and Meghan have been living in their Montecito property for nearly six years. Picture: Google Maps<\/p>\n Monthly loan repayments reach $60,000 ($US43,000) while annual property taxes hit $210,000 ($US149,668) in 2025, taking annual running costs past $1m ($US650,000).<\/p>\n \u201cI cannot imagine ever wanting to let go of this beautiful piece of property, but hanging onto it comes at a steep cost, so they might have to,\u201d the source told the NY Post. <\/p>\n \u201cIt likely will be a few months before they list, or maybe they will give the UK a year first to see how that plays out,\u201d the source added. <\/p>\n \u201cBut if they do decide to plant roots in the UK, I don\u2019t see a world where they will keep this home.\u201d<\/p>\n Though Montecito property values have nearly doubled since 2020, sources told the New York Post that hanging onto the address had become too steep as wider business deals wound down<\/p>\n The couple\u2019s five-year, $US100m production deal with Netflix was recently downgraded to a smaller first-look arrangement.<\/p>\n Meghan\u2019s lifestyle brand, As Ever, is also facing a potential $US5m write-off on unsold stock after a website glitch revealed 650,000 inventory units sitting in warehouses.<\/p>\n Parts of this story first appeared in the New York Post <\/a>and was republished with permission.<\/p>\n MORE: Harry, Meghan\u2019s insane US costs exposed<\/a><\/p>\n
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