Harry and Meghan Could Make More Than £37 Million From Montecito Mansion — But They Reportedly Have No Plans to Sell After UK Move

Prince Harry and Meghan Markle could potentially make a huge profit from their Montecito mansion following their move back to Britain, with a property expert estimating that the Sussexes could command more than $55 million for the California estate.

The Duke and Duchess of Sussex relocated to the UK last week with Prince Archie, seven, and Princess Lilibet, five, marking the first time the family has been based in Britain since Harry and Meghan stepped away from royal duties in 2020.

Despite their relocation, the couple are reportedly keeping their Montecito property while living in a private rented home in Britain.

But with one expert estimating the California mansion could now be worth more than twice what the Sussexes originally paid, holding onto it could mean leaving an extraordinary potential windfall on the table.

Sussexes could reportedly command more than $55 million

Jack Malnick, Managing Director of Sell House Fast, told the Daily Express that current conditions in the Montecito property market could make Harry and Meghan’s estate exceptionally valuable.

The couple bought the property in 2020 for $14.65 million.

Malnick believes that if it went on the market today, its size, location and famous owners could potentially push its value above $55 million — equivalent to more than £37 million.

“Despite Harry and Meghan not yet listing their Montecito mansion, as the pair settle into life back in the UK, the alleged $600,000 annual running costs may change their mind,” he said.

According to Malnick, property values in the sought-after California enclave have risen dramatically since the Sussexes bought their home.

He said three properties in the area have sold for $50 million during the current year.

Their sprawling estate sits on seven acres

The size of Harry and Meghan’s home could also work heavily in their favor should they ever decide to sell.

Malnick pointed to the 2025 sale of Adam Levine’s Montecito property as a comparison.

Levine reportedly sold his approximately 13,000-square-foot home, sitting on three acres, for $60 million.

Harry and Meghan’s estate is considerably larger, according to the expert.

Their mansion reportedly covers approximately 18,000 square feet and occupies seven acres.

That combination of space and location could already make it highly desirable to wealthy buyers, but Malnick believes its connection to Harry and Meghan could create an additional advantage.

The ‘Sussex effect’ could push the price higher

Celebrity ownership can sometimes give a luxury property something that even an impressive location cannot provide: a story.

Malnick believes that could work in Harry and Meghan’s favor.

“I’d expect the ‘Sussex effect’ to add a premium to the property value,” he said.

Given current market conditions, he estimated the couple could “command north of $55 million” if they decided to put the estate up for sale.

The property’s profile could also generate intense interest among real estate agents hoping to secure the listing.

“There will most likely be a fight amongst agents to win the listing, and the media spotlight could drive the price even higher,” Malnick predicted.

However, the figure remains an expert estimate rather than an asking price or formal valuation, as the Sussexes have not placed the property on the market.

The couple reportedly paid $14.65 million in 2020

Harry and Meghan purchased the Montecito estate after leaving royal life and establishing themselves in California.

At $14.65 million, their reported purchase price was substantially below the property’s earlier $34.5 million listing figure.

If Malnick’s estimate of more than $55 million proved accurate in an eventual sale, the difference between their original purchase price and a future selling price would be enormous.

That does not mean the entire difference would represent profit, as any sale would involve other financial considerations.

Nevertheless, the rise in the property’s estimated value demonstrates just how much the luxury Montecito market may have changed since the Sussexes arrived six years ago.

Keeping the mansion could come with a substantial annual bill

There is another financial consideration surrounding the property: the reported cost of maintaining it.

Malnick cited alleged annual running costs of approximately $600,000.

Those expenses could become particularly noticeable if the mansion spends significant periods without the family living there.

Harry and Meghan are currently establishing their lives in Britain, where they are reportedly staying in a privately rented property.

The couple have not indicated how frequently they expect to return to California or how their time will ultimately be divided between their different residences.

For now, however, there is no indication that the Montecito estate is about to hit the market.

Harry and Meghan reportedly have no plans to sell

Despite the potentially enormous valuation and the expense of maintaining the estate, Harry and Meghan are believed to have no current intention of selling their California home.

That suggests Montecito could remain an important part of the family’s life even as their main focus shifts toward Britain.

Their UK relocation represents a significant change after six years in the United States.

Harry and Meghan moved to America after stepping away from royal duties in 2020, eventually making Montecito their family home.

It was there that Archie spent much of his childhood and Lilibet grew up after being born in California.

Now the family is beginning another chapter on the other side of the Atlantic.

Archie and Lilibet begin a new life in Britain

The move brings Archie and Lilibet into a very different environment as they prepare to attend school in the UK.

For Harry, it also represents a return to the country where he spent most of his own life before moving overseas.

The family’s British residence is understood to be private and rented rather than an official royal property.

Their return also does not mean Harry and Meghan are resuming their former roles as working members of the Royal Family.

Instead, they appear to be establishing a private family life in Britain while retaining important ties elsewhere.

Keeping the Montecito mansion would give them a substantial base in California should they wish to spend extended periods in the United States.

An expensive property decision still lies in the background

Harry and Meghan have made no public statement indicating that a Montecito sale is being considered.

For that reason, any discussion of a $55 million price remains hypothetical.

Yet the numbers illustrate the scale of the financial decision they could eventually face.

A mansion purchased for $14.65 million in 2020 may now be capable, according to Malnick, of attracting offers north of $55 million — particularly if its celebrity connection generates additional demand.

Against that potential return are the reported costs of maintaining a vast California estate while the Sussex family establishes its new home thousands of miles away.

For now, Harry and Meghan appear to have chosen to keep both worlds.

But if their life in Britain becomes increasingly permanent, the future of the seven-acre Montecito estate — and the extraordinary sum it could potentially command — may become much harder to ignore.