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Meghan Markle and Prince Harry shopping for permanent LA house with budget of $12-18 million

The Duke and Duchess of Sussex are currently living in one of the poshest areas of the city - renting the ultra-luxury Beverly Hills mansion belonging to Tyler Perry
UPDATED MAY 11, 2020
Harry and Meghan (Getty Images)
Harry and Meghan (Getty Images)

The word around Los Angeles' real estate market is that Prince Harry and Meghan Markle have an estimated budget of $12 million to $18 million to buy their dream house.

While the Duke and Duchess of Sussex are currently living in one of the poshest areas of the city -- renting the ultra-luxury Beverly Hills mansion belonging to Tyler Perry -- after they moved out of their previous house in Vancouver Island, Canada, in March, just days before the country went into a lockdown due to coronavirus. 

While the pair has never been seen with Perry, it is believed that they all met thanks to their mutual close friend, Oprah Winfrey. Harry and Meghan have been calling the mansion, estimated at $18 million, home ever since they moved to LA. Perry's mansion boasts of eight bedrooms, 12 bathrooms and is located on 22 acres on top of a hill in the gated and exclusive Beverly Ridge Estates. 

According to TMZ, the formerly royal couple are browsing the market for a place to call their own, and with millions to spend, they will be looking to the westside of Los Angeles for potential houses. The outlet also listed a number of properties that the couple might be interested in.

The list included a 7-bedroom Bel-Air mansion with a 10-seat movie theater, a billiard table, a 200-bottle wine cellar, featuring a "computerized rain bar." The property is priced at $15 million.

Other possibilities included a $17,995,000 Hollywood Hills home with five bedrooms, a $12,899,000 mid-century home featuring a "full service rooftop deck," and a $16,899,000 6-bedroom home which has both a waterfall as well as an 800-gallon aquarium. 

Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex arrive at the Creative Industries and Business Reception at the British High Commissioners residence to meet with representatives of the British and South African business communities, including local youth entrepreneurs, on day ten of their tour in Africa on October 2, 2019 in Johannesburg, South Africa. (Getty Images)

Meanwhile, we reported earlier that the $17.9 million villa where Harry and Meghan are currently staying is reportedly surrounded by "team Meghan" including several of her closest friends. The 90210 postcode in Beverly Hills is known for its star-studded neighbors, including longterm friends of the former 'Suits' actress Benita Litt, Heather Dorak and Abigail Spencer. Another close friend of Meghan's, Serena Williams, also lives in a neighboring gated community with her family.
Meghan reportedly told the friends in her inner circle that she was delighted to be back in her hometown where her friends and her mother, Doria Ragland, reside. However, her friends have expressed their concern over the fact that Harry might become very dependent on Meghan since he has few contacts or friends in LA.

A source has previously elaborated on how the couple came to choose Tyler Perry's house for their temporary stay.  

"Meghan and Harry have been extremely cautious to keep their base in LA under wraps. Their team helped them choose the location for their transition to Los Angeles wisely. Beverly Ridge has its own guarded gate and Tyler's property has a gate of its own which is watched by their security team. Beverly Ridge is an excellent place to keep out of view. The neighbors are mostly old money and mega-rich business types rather than show business gossips. It goes without saying that the location is stunning - just one of the most beautiful and desirable areas in LA," the insider revealed.