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Harry and Meghan’s Montecito Mansion: A Deep Dive into the Property’s History and Finances
In June of 2020, Prince Harry and Meghan Markle purchased their Montecito mansion for $14.65 million in an off-market sale.
The property has been dubbed the Olive Garden Purgatory for Displaced Overseas Royals and has a rather unsettling history.
The estate was once the home of schizophrenic Stanley McCormick, who was confined there for four decades while medical experts attempted to cure him.
His wife Catherine transformed the property into a healing sanctuary, including tropical plants imported from Japan and a six-acre lemon orchard.
The property was listed for sale in 2015 for $49.4 million, but after failing to attract any buyers, it was reduced to $35 million.
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By October 2020, it was being listed on Giggster for rentals at $700 per hour before being purchased by Russian oligarch Sergei Grishin.
However, Grishin took a multi-million dollar loss in selling the property to Harry and Meghan.
The couple reportedly owns the property through a residential estate trust with the same mailing address as Meghan’s business manager at the time in Beverly Hills.
The mortgage is around $9.5 million, with a monthly payment of $37,575.
There have been some problems associated with the property, including a stomach-churning smell from a nearby bird sanctuary and difficulty insuring the property due to its location in a mudslide zone.
Interestingly, the couple filmed their docu-series in a different Montecito home that they passed off as their own.
They also regularly retreat to a room at the San Isidro Ranch instead of filming at their own property.
The property’s tax assessment for 2021-2022 is $141,000, taxed at a rate of 1.04%, which appears to be a business tax rate.
It is clear that Meghan’s narcissism played a role in their purchase of the property.
Despite its problems, she believed that owning a large property with large gardens in Montecito would accord with the status she believes she is entitled to.
Her narcissism caused her to drive home a bum deal, and the collateral consequences have risen.
This deep dive into the property’s history and finances provides an opportunity to examine the evidence and interpret it through the prism of Meghan’s narcissism to better understand her behavior.
It is clear that her narcissism impacts her decisions, and she will revise history to avoid accountability for any problems associated with the property.
In conclusion, Harry and Meghan’s Montecito mansion has an eerie past and a troubled present.
Despite its problems, Meghan’s narcissism led her to believe that owning this property would accord with the status she believes she is entitled to.
As we continue to learn more about the couple’s behavior, it is clear that their narcissism plays a significant role in their decision-making.
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