The property in Montecito is valued between $ 2 million and $ 20 million, with a report claiming the couple spent nearly $ 10 million on their new home.
Montecito has also been described by a luxury real estate agent as “a paradise for Hollywood stars and the super rich who want to live in splendid seclusion”.
Along with Meghan and Harry, the area is home to Oprah Winfrey and Ellen DeGeneres, both good friends of former royals.
READ MORE: Prince Harry’s Grief: How Harry felt ‘unsupported’ by the palace before leaving
A huge sign of the region’s wealth is its polo club, a sport Harry has loved for years.
The Santa Barbara polo and racket club even welcomed his brother Prince William in 2011.
For Meghan, yoga and wellness programs are also very popular in the area.
Gwyneth Paltrow described the gong baths at Salt, a spa located in an underground cave lined with artificial salt, as “total new age panic in the best possible way.”
But a source close to the couple added to the New York Post Harry and Meghan hope to live “as normal a life as possible” there.
They added, “They thought about it well and studied it well.
“This is the place where they plan to be happy, make good friends and raise Archie, giving him the chance to play with other kids his age. “
Nearby celebrities open for dating include Mila Kunis and Ashton Kutcher’s two children, as well as Natalie Portman’s two daughters.
The source also told the New York Post that they “intend to put down roots in this house” and be closer to friends.
They added, “This is the first house any of them has ever owned.
“It has been a very special time for them as a couple and as a family to have complete privacy for six weeks since moving in.
“They intend to put down roots in this home and this quiet community, which enjoys considerable privacy. “
The former Duke and Duchess have moved permanently to Montecito in relative secrecy.
Their spokesperson confirmed that Harry and Meghan bought and moved into their new home last month.
He added, “They have settled into the quiet privacy of their community since arriving and hope this will be respected for their neighbors, as well as for them as a family.”
Royal insiders also suggested that Prince Charles helped Harry raise the money to buy the new house, a source telling the Daily Mail: “Charles had been keen to help and put his hand in his own pocket for the help.
“He is dedicated to his two sons and whenever he can help them he always will.