Meg Ryan's renovated Montecito estate sells for $18 million after price cuts
The gist
Meg Ryan's renovated Montecito estate sold for $18 million after a nearly 10 percent price chop.
The sale caps a years-long flip that drew repeated price cuts.
How it unfolded
- Aug 2021Ryan purchased the Picacho Lane, Montecito property for $9.5 million through an LLC she has used for a number of real estate deals.
- Feb 2025Ryan listed the home for $22.5 million.
- Jun 2025The sale closed at $16.8 million after several months and a number of price cuts.