Tuesday Oct 20, 2020
Prince Harry and Meghan Markle never skimped out on costs during their search for the perfect home and their nine-bedroom Californian mansion might prove disastrous to their bank accounts.
The palatial 14,563-square-foot home covers over 5.4-acres and comes with a $480,000 a year mortgage plan, all in the upscale neighborhood of Montecito.
While bare bone upkeep costs can cause a dent in anyone’s pockets, additional A-lister costs are sure to leave the royals gasping, according to a report by the Daily Mail.
A finance technology firm, SmartAsset recently touched upon the couple’s potential monthly bills and claimed that their utility costs could amount to almost $24,000, while security costs could double down near $3.3million.
The home already comes decked out with features that took the original owners almost five years to build up. They include a fully decked out library, spa, office, dry and wet sauna gym, game room, theatre, arcade, wine cellar and even a five car garage.
All of these amenities are estimated to cost the couple a total of 4.4million per year. With $480,000 coming from the monthly mortgage plan to $68,000 coming in on annual taxes and $300,000 in staff costs.