According to an insider’s recent claim to Express, Meghan Markle and Prince Harry might be considering relocating their residence from Montecito, California, to the sunny shores of Malibu.
The couple have been discreetly exploring houses in the beach city with the intention of being closer to Los Angeles. The source noted that Malibu has caught their attention as a potential living option, and they have visited the area on a few occasions to explore what it has to offer.
“Harry and Meghan are reviewing their living options with Malibu being a place of interest,” the insider noted. “They have secretly visited the area a couple of times and have been out and about, looking at what’s there.”
Besides, Meghan is familiar with certain areas of the region from her childhood.
Their plans regarding their Montecito property are uncertain at the moment – it remains to be seen whether they will sell it or simply acquire a place in Malibu. This contemplation of a move coincides with Meghan’s shift in focus back to Hollywood, where she is reengaging with WME.
Why Malibu is a good choice for Meghan Markle and Prince Harry
Being close to Beverly Hills and Los Angeles, where significant business deals are conducted is a great idea for Meghan and Harry, according to the insider.
Moreover, the vibrant Malibu scene offers opportunities for major stars, producers, and studio executives to socialize and negotiate deals during gatherings like dinners and beach parties.
The source noted that Meghan already has friends residing in the area, and she particularly enjoys places like Soho House.
Undoubtedly, Prince Harry and Meghan would be highly sought-after guests and warmly welcomed at numerous prominent events.
Additionally, the couple has to make important decisions concerning their children’s education as Archie approaches his fifth birthday next year. While homeschooling is common among high earners in the state, Malibu’s schools are renowned and popular among celebrity parents.
The region also holds dear memories for Meghan since her stepbrother Tom spoke about her cherished childhood experiences in Malibu and its surrounding areas. During her younger years, she often enjoyed delightful beach outings at The Will Rogers Beach near Malibu, close to her family home in Woodland Hills.
The couple invested a substantial £11.4 million ($14.65 million) in their Montecito estate, situated in the lush community of Santa Barbara, California. The impressive property boasts nine bedrooms, sixteen bathrooms, a games room, a gym, tennis courts, and a tea house.
According to the real estate experts, the estate could potentially fetch up to £15.5 million if they were to put it back on the market.
Although reps for Harry and Meghan declined to comment, sources close to the couple informed The Post that they have no plans to move and are choosing to stay in their current home.