Meg Ryan Has Relisted Her Revamped Montecito Estate for $19.5 Million

Back in summer 2021, soon after Meg Ryan sold a Santa Barbara abode for nearly triple the $5 million she paid for the place just 18 months before, the beloved Sleepless in Seattle actress and interior design enthusiast doled out $9.5 million for a large estate on one of Montecito’s most prestigious streets. Now, after first putting that property up for sale earlier this year at $22.5 million with no takers, the revamped residence has returned to the market with a substantially reduced $19.5 million asking price. Riskin Partners Estate Group at Village Properties has the listing.

Records show the popular rom-com star, who last appeared on the silver screen in 2023 opposite David Duchovny in What Happens Later, acquired the two-acre estate from Alicia McFarlane, the granddaughter of John Wayne, and her husband James, who had just bought it in 2020 for $5.4 million. Before that, it was owned by the late mystery novelist Sue Grafton and her husband Steve Humphrey. Originally built in 2010, the premises were extensively remodeled during Ryan’s tenure, complete with an additional 3,000 square feet of living space and a new ocean-view front porch donning a fireplace and swinging chair.

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Hidden away from the street beyond a lengthy gated driveway lined with dense greenery, the compound features three separate structures on two acres of hillside land offering up stunning views of the surrounding Santa Ynez Mountains. Among them is the gray and white wood-shingled main house, plus guest quarters atop the three-car garage and a detached cabin—for a grand total of seven bedrooms and six baths in 8,400 square feet.

Within the primary dwelling, 7,100 square feet of elegant living space boasts dark hardwood floors, lime-washed walls, whitewashed wood-beam ceilings, arched doorways, and an elevator that travels to all three floors. Highlights include a media room and a sleeping porch, along with a spacious fireside living room topped with a statement chandelier. A dining area and a seating nook connect to the sleekly designed kitchen, which sports a marble-clad island, a built-in coffee station, top-tier appliances, a workstation, and a walk-in pantry.

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An elegantly wallpapered primary retreat upstairs comes with a private balcony, a fireside seating area, a walk-in closet, and an indulgent bath spotlighted by a floating vanity and soaking tub, while the park-like grounds are dotted with gardens and a bubbling fountain, as well as numerous spots ideal for alfresco lounging and entertaining. There are also the aforementioned guest quarters—one over the garage coming in at roughly 800 square feet and a secluded cabin holding 454 square feet, and each with its own bedroom and bath.

Before listing her estate in Montecito—where nearby neighbors include Prince Harry and Meghan Markle—Ryan had already set her real estate sights east, and records indicate that last fall she shelled out about $13.5 million for a 5,000-square-foot traditional shingled home in the Hamptons. We can’t wait to see how she Meg-anizes that one!

Click here for more photos of the Picacho Lane residence.

Source: Luxury - robbreport.com