Meghan Markle and Prince Harry, the Duke and Duchess of Sussex, are once again on the hunt for a new home. This time, their sights are set on a luxurious property in Malibu, where a stunning mansion is currently under construction.
Key Takeaway
Meghan Markle and Prince Harry are reportedly exploring the possibility of purchasing an $8 million plot of land in Malibu, which includes plans for a 10,000-square-foot mansion. The couple is considering selling their current
4 million Montecito residence and making the move to Malibu for a more convenient and private lifestyle.
Exploring the Elegant Estate
According to sources familiar with the matter, Meghan and Harry recently spent part of their holiday weekend touring an $8 million plot of land in Malibu. The estate spans nearly 6 acres and features a grand entrance with a guard house, as well as a spacious pool. The foundation for a magnificent 10,000-square-foot main residence has already been laid.
Situated above the iconic Pacific Coast Highway, the property offers breathtaking views of Broad Beach. Its secluded and private location, complete with a gated entrance and a long driveway leading up to the main house, is said to be one of the main attractions for the royal couple.
A Multimillion-Dollar Investment
The asking price for this remarkable property is $8 million. Notably, the plans for the main house have already received approval, and a dedicated construction crew is ready to turn those plans into reality. If Meghan and Harry decide to purchase the lot, they will also bear the estimated $10 million cost of construction.
The Appeal of Malibu Living
Meghan and Harry currently reside in a $14 million mansion in Montecito, which is located quite far from the allure and glitz of Hollywood. The Malibu property, on the other hand, is only a 13-mile drive from the popular celebrity hotspot Nobu, and less than an hour away from Los Angeles and Beverly Hills.
According to insiders, the couple is seriously considering selling their Montecito home and making Malibu their permanent residence. The proximity to Hollywood provides them with easy access for their professional endeavors, while the distance offers a sense of security and privacy.
The Next Steps
Further investigation reveals that Brendan Brown at Westside Estate Agency represents the Malibu property. Our attempts to reach out to Brendan for comment have been met with silence thus far.
