EXCLUSIVE: Meg Ryan's Former Montecito Flip Lists for $3 Million More Than Actress Sold It for Just 1 Year Ago

June 11, 2026 - 20:02

A Montecito home that Meg Ryan bought, renovated, and sold within a short span is now back on the market at a significantly higher price. The actress sold the property just one year ago for $16.8 million, but the new owner is now listing it for nearly $20 million.

Ryan purchased the estate in 2022 and undertook a careful overhaul of the residence before putting it back on the market. Her renovation focused on preserving the home's original character while updating the kitchen, bathrooms, and landscaping. The result was a polished, move-in ready property that attracted a buyer quickly.

Now, just 12 months later, that buyer is testing the market with a $19.8 million asking price. That represents a gain of roughly $3 million over what was paid last year. The home sits on over an acre in the coveted Montecito area, known for its privacy and proximity to both Santa Barbara and the coast.

The property features four bedrooms, a guesthouse, a pool, and mature gardens. Real estate agents note that the Montecito market has remained strong, with limited inventory pushing prices higher. Whether the new listing will fetch the asking price remains to be seen, but the quick flip suggests confidence in the area's continued demand.