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