California’s new best-kept secret

The neighborhood is five hours from Silicon Valley and 80 miles from LA

TRD New York TRD WEEKEND EDITION /
Oct.October 08, 2017 03:19 PM

The isolated hills of Montecito — 80 miles away from Los Angeles and about a five hour drive from San Francisco Are The New Place to buy for the wealthy and celebrities.

The area is sandwiched between the ocean and the Santa Ynez mountains in Santa Barbara and has some comparing it to the South of France, according to Mansion Global.

The going-rate for homes in Montecito ranges from $2 million to $20 million, Sotheby’s International Realty’s Cristal Clarke told Mansion Global.

“The most popular price bracket is $4 million to $10 million and buyers pay in excess of $5 million for a home with a sea view,” she said.

The local neighbors include Oprah Winfrey, Julia Louis-Dreyfus and, if she has her way, Gwyneth Paltrow.

[Mansion Global ] — E.K. Hudson


Related Articles

arrow_forward_ios
Stephen Ross and Time Warner Center (Getty)

Stephen Ross slashes price of Time Warner Center penthouse

Stephen Ross slashes price of Time Warner Center penthouse
Pretium CEO Don Mullen and Ares Management CEO Michael Arougheti (Photos via Pretium; Getty)

Pretium, Ares agree to buy Front Yard Residential

Pretium, Ares agree to buy Front Yard Residential
Brooklyn’s home sales dipped in Q3, but the median home price was above $900K (iStock)

Brooklyn home sales drop by 57%, but prices rise

Brooklyn home sales drop by 57%, but prices rise
Welcome co-founder Alec Hartman and rendering of a model home (Welcome)

Design, click, build: Startup sells new homes online

Design, click, build: Startup sells new homes online
Housing starts and completions increased sharply in September 2020 in response to fierce demand to buy homes. (iStock)

Housing starts jump as homebuilder confidence rises

Housing starts jump as homebuilder confidence rises
220 Central Park South (Getty)

Duplex sells at Vornado’s 220 CPS for $65 million

Duplex sells at Vornado’s 220 CPS for $65 million
Porch CEO Matt Ehrlichman (iStock; Porch)

Porch CEO: SPAC deal gives us $200M and a clean slate

Porch CEO: SPAC deal gives us $200M and a clean slate
Toni Morrison and her former Tribeca home (Getty, BHS)

Toni Morrison’s Tribeca loft hits the market

Toni Morrison’s Tribeca loft hits the market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...