The Real Deal New York

California’s new best-kept secret

The neighborhood is five hours from Silicon Valley and 80 miles from LA
October 08, 2017 03:19PM

Some are comparing Montecito to the South of France. ( Aqua Mechanical, Flickr, front image/ Grandhiking, Wikimedia Commons, back image)

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