Luxury real estate has reached staggering heights, with $100 million homes now the ultimate status symbol. Since the first $100 million sale in 2011, nearly 45 such deals have closed nationwide – 30 of them since 2020 alone. This year alone, seven $100 million-plus properties have sold, making 2024 the second-highest year on record.
Montecito is no longer a best-kept secret; it’s now a global luxury destination. Our vibrant community is stepping into the spotlight as the West Coast’s answer to the Hamptons and Palm Beach, solidifying its place among the world’s most exclusive enclaves.
While traditional billionaire hotspots like New York, Malibu, and Palm Beach continue to dominate, Montecito is making waves. Ellen DeGeneres’s record-breaking $96 million sale of her Montecito compound has firmly placed our community among the ultra-elite (pictured below).
The top sales of 2024 showcase the breadth of luxury real estate, including megamansions in Colorado and Los Angeles, a private island estate in Palm Beach, Florida, and a “crown jewel” penthouse in Manhattan.
What Happened in Montecito Last Week?
January 5th – January 11th
8 New Listings
6 Closed Sales
3 Pending Sales
weekly spotlight
Silvers Omakase
If you’re a sushi lover like me, you’ll want to add this omakase-style restaurant in the Funk Zone to your must-try list. Tucked away in this vibrant neighborhood, it offers an intimate Japanese tasting menu that’s as much an experience as it is a meal.
The word omakase translates to “I’ll leave it up to you,” and that’s exactly what you’ll want to do here. From the first bite to the last, the chef curates a journey through the freshest flavors and artful presentations. Each dish feels like a little masterpiece—thoughtful, creative, and perfectly balanced. If you are craving something different and extraordinary – Silvers Omakase fits the bill.
