News of the royal couple's real estate win comes after the Duchess of Sussex rejoined Instagram with a playful video of herself on the beach.
Meghan Markle also announced the release date for her new Netflix show, along with an official trailer.
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Meghan Markle and Prince Harry's Montecito estate is now worth $29 million
According to Daily Mailthe Sussexes' real estate decisions have paid off handsomely, as their luxury nine-bedroom property in Montecito has doubled in value since they bought it in 2020.
Originally purchased for $14.65 million, the property's value has risen to over $29 million. Villa Montecito, known as "The Chateau", is a breathtaking property built in 2003. Set in 5.4 hectares of lush gardens with stunning sea views, the property has been described as a "hidden paradise".
Bordered by impeccably manicured hedges, grand stone-posted gates open onto a lane paved with hand-cut Santa Barbara stone, which leads through an arch of trees to the main house.
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The stunning estate is said to have taken nearly five years to complete and has luxurious amenities including a library, office, spa with dry and wet saunas, gym, games room, arcade, theater, wine cellar and five-car garage.
Additionally, the property boasts expansive lawns, multi-tiered rose gardens, century-old olive trees, towering Italian cypress trees, lavender fields, a tennis court, a tea room, a children's hut, a swimming pool and a two-bedroom guest house.
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The Duchess' new series could boost interest in the couple's property, even though it is being filmed elsewhere
Despite the idyllic setting of Harry and Meghan's home, the Duchess has decided not to film her upcoming Netflix series there.
I'm talking to NewsweekCharlie Lankston, executive editor at Realtor.comnoted that there will still be increased interest in Harry and Meghan's home thanks to the Netflix show, regardless of where it is filmed.
"The release of Meghan's new Netflix series, 'With Love, Meghan,' will undoubtedly only increase interest in the couple's family life - despite the fact that it was not actually filmed in the couple's marital mansion, but on a borrowed property minutes away," Lankston said.
For her show, the duchess rented a luxurious eight-acre estate worth $8 million, which is filled with avocado trees and lemon groves.
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The property is reportedly owned by Tom and Sherrie Cipolla, influential figures in Montecito's elite circles.
The duo's 4,500-square-foot residence has four bedrooms and bathrooms, with elegant French doors that open to a picturesque courtyard, lush lawn and stunning mountain views.
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Meghan Markle's New Netflix Lifestyle Series 'With Love, Meghan'
Taking to Instagram on her recently launched account, Meghan unveiled her new lifestyle series, "With love, Megan.
The series, which will premiere on January 15, marks a career milestone for the Duchess, 43, as she will serve as both host and executive producer.
In an announcement, Meghan shared the trailer on her page, writing: "I was so excited to share this with you! I hope you love the show as much as I loved making it."
She continued: "Wishing you all a fantastic new year! Thanks to our amazing crew and the @netflix team. Thank you beyond for the support - and the fun! As always, Meghan."
The trailer features Prince Harry's performance
In the official trailer for the show, Meghan is shown engaging in everyday joys such as cooking in her kitchen, arranging flowers, keeping a beehive and hosting friends and family.
Also highlighted was a special moment where Prince Harry was seen hugging his wife while drinking from a cup.
"I've always loved taking something pretty ordinary and elevating it," Meghan said in the trailer, set to "Do You Believe in Magic" by The Lovin' Spoonful.
The Duchess continued: "Surprising people with moments that let them know I really mean them."
"We're not looking for perfection, we're looking for joy," Meghan noted elsewhere in the trailer. "Love is in the details," she added.
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Netflix describes Meghan Markle's new lifestyle series as 'inspiring'
In a statement shared with People MagazineNetflix described the series as "an inspiring series, produced by Meghan, Duchess of Sussex, that reimagines the genre of lifestyle programming, blending practical instruction and honest conversation with friends, new and old."
They highlighted the show's lighthearted and approachable tone: "Meghan shares personal tips and tricks, embracing playfulness over perfection and highlighting how easy it can be to create beauty, even in the unexpected. She and her guests roll up their sleeves in the kitchen, garden, and beyond and invite you to do the same."
The eight-episode series, each 33 minutes long, features a circle of Meghan's closest friends.
Notable appearances include her longtime makeup artist Daniel Martin and photographer Delfina Blaquier, wife of polo star and Harry's close friend Nacho Figueras.
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