A mansion in Montecito, a go-to coastal escape for A-list celebrities and even Prince Harry and Meghan Markle, just sold for nearly triple its sale price just three years ago. The sale of the estate at 465 Hot Springs Road, dubbed Monte Arroyo, closed last week for $32 million, Mansion Global reported. The Mediterranean-style estate was listed last June for $52 million; when a buyer, who remains undisclosed, was found in May, the asking price was at $37.5 million. Developer and celebrity home designer Xorin Balbes, once dubbed the “queen of the high-end house-flip,” bought the nearly 4-acre property in […]
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