Two months back, Rob Lowe finalized a deal to sell his lavish Montecito estate for $44.5 million to private fairness tycoon Jack McGinley. At any time due to the fact then, the “Parks and Recreation” actor and longtime spouse Sheryl Berkoff have been wanting to reinvest individuals gains again into true estate. They’ve moved into a $5.2 million gated fixer-higher in Montecito, and they also paid $3.75 million for a high-class crash pad in Beverly Hills.
Now the couple have capped off 2020 by attaining a third house, this one a substantial and indisputably classy but relatively down-on-its-heels estate in key Montecito, for which they paid $13 million. The sprawling assets, which spans 6.7 acres, is but a small wander to the $14.7 million residence of Meghan Markle and Prince Harry, and the $49 million compound of Ellen DeGeneres and Portia de Rossi.
The new Lowe estate incorporates a primary mansion initially crafted in 1925 and designed in the vintage Spanish Revival-satisfies-Mediterranean architectural type that proliferates Santa Barbara. There are also two detached guest cottages, both of them rather ramshackle, clapboard-sided affairs surrounded by overgrown foliage and equipped with their have pea gravel patios.
For each the listing, the residence is regionally regarded as Stonehedge and is “one of Montecito’s very best legacy estates,” but is awaiting “a thoughtful layout-make team” to spruce up the area and provide it into the modern day era. Current pics exhibit the most important household could use a new coat of paint, and the easy exterior stucco is blotchy and pale in quite a few spots.
Nevertheless, the interiors are very well-preserved with authentic wood and tilework. A long entrance gallery connects the various general public rooms — a fire-outfitted residing home with mahogany paneling, a formal dining home with French doors and a further fire, and a breakfast room with sights of the gardens. The numerous upstairs bedrooms are all spacious, with their have personal sitting areas, and views sweep over a wide swath of Montecito greenery prior to summiting at the deep blue Pacific Ocean.
The attractive if relatively unkempt grounds consist of huge grassy lawns, vibrant bunches of lavender, citrus trees, experienced eucalyptus trees, and sculpted hedges, as well as guy-designed tile patios and protected loggias for substantial-scale al fresco entertaining.
Although it is not nevertheless obvious what Lowe and Berkoff’s intentions are for the estate, the pair have a habit of renovating and upgrading their residences, so a fair wager is that they’ll are living in the more compact Montecito house although they repair up the bigger residence, reworking it back into the glamorous compound it was a century ago, again in the authentic Roaring ’20s.
Riskin Associates and Tim Walsh at Village Houses shared the listing Nancy Kogevinas at Berkshire Hathaway HomeServices repped Lowe.