Meghan Markle, Prince Harry Montecito home faces 'big challenges'

Meghan Markle and Prince Harry’s Montecito mansion is proving to be a hard sell, says an expert.

The Duke and Duchess of Sussex, who shot series ‘Harry & Meghan’ in a home that was not their original residence, is proving to be a difficult property to sell for the owners.

"We've come close on several occasions to selling it. For whatever reason, that particular buyer chose something else," he said. "Buyers today are wanting way less square footage. They'll pay the same amount, but they want a smaller home. That's a big challenge."

"Houses in Montecito tend to be megamansions, so that already prices out a huge portion of the market - meaning there are fewer prospective buyers in the first place," HELLO!'s Homes Editor, Rachel Avery, explains.

"It's unfortunate that the publicity from Harry and Meghan's docuseries hasn't boosted the interest, but that's likely due to the fact that the Sussexes didn't make clear that it was a flashy rental property, and fans could have just thought it was their own home. The sellers have been unlucky that even with a drop in price, the house hasn't budged in three years. However, that's not uncommon for the area with the big price tags and uncertain terrain prone to floods and fires, deterring buyers."