Famous People Who Call Santa Barbara Home

Famous people who call Santa Barbara home include: Oprah Winfrey – Oprah purchased a 42 acre Estate in 2001 for $50 million.  Over the last several years she has purchased neighboring property, including Jeff Bridges 4 acre ranch for $6.85 million in 2019.  Oprah’s Estate now totals $85 million on 69 acres. Julia Louis-Dreyfus –…

Santa Barbara Luxury Real Estate – Pick Up in Sales Activity

The Santa Barbara luxury real estate market has seen an uptick in sales activity recently. An oceanfront home on famed Padaro Lane has just closed escrow at $12 million. It was listed at $14.5 million less than 6 months ago. Another Santa Barbara sale was not as fortunate with time on the market. This Montecito Estate on 10 acres was listed in 2012 for $12.9 million. It just closed escrow at $9.725 million.

Montecito Luxury Real Estate – Buying Opportunity!!!

Montecito Luxury Real Estate – Buying Opportunity!!!  The Montecito luxury real estate market offers a really good buying opportunity.  While the Santa Barbara real estate market and Montecito real estate market are performing well, the luxury segment of Santa Barbara real estate and Montecito real estate provide ample opportunity.  There is a terrific supply of…

Santa Barbara Real Estate Market Sales Surge

Santa Barbara Real Estate Market Sales Surge. The Santa Barbara real estate market saw 238 properties go into escrow between January 1st and March 5th, 2012.  This compares with only 66 Santa Barbara properties that went into escrow in 4th Quarter 2011. The high end luxury Montecito real estate market also started participating in 2012 after being dormant.  So far…