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Expensive Mansions That No One Wants to Buy

Posted by Bill Rippel on April 01, 2023 - 1:43am


76. Rob Lowe’s Santa Barbara Home

On the Market Since: 2018  
Total Area: 10,000 square feet 
Initial Value: $47 million*

Rob and Sheryl Lowe put up their Montecito home on the market in 2018, pricing it at $47 million. The home had a little trouble selling, so they cut the price down to $45.5 million in 2019. The home finally sold, and Lowe bought two new houses near the old Montecito home: one for $13 million and one for $5.2 million.

The Montecito mansion was sold to Jack McGinley, a healthcare executive, and his wife, Julie. The 10,000-square-foot home has twenty rooms and is seated on a 3.4-acre plot of land. The mansion has a guest house, tennis court, pool, koi pond, and beautiful, landscaped gardens. 

James Eckburg Thank you Bill for sharing this beatifull home.
April 1, 2023 at 1:48pm
Otto Knotzer Thanks for sharing
April 1, 2023 at 6:21am