Montecito estate formerly owned by Meg Ryan sells for $18 million
The property was resold in October 2026 following a major renovation and expansion by the actress.
A Montecito estate previously owned by actress Meg Ryan was sold for $18 million on October 1, according to reports from the Times of India, Elle Decor and Realtor.com. The sale occurred four months after the property was listed for $19.9 million.
Ryan purchased the Picacho Lane property for $9.5 million in August 2021. She undertook a significant renovation that increased the living area by approximately 3,000 square feet, adding two bedrooms and a half bathroom to the home.
The expanded residence features an elevator, a media room, an outdoor patio, guest quarters above a three-car garage and three fireplaces. The interior includes marble surfaces, a chef’s kitchen and a formal dining room.
Ryan sold the home for $16.8 million in June 2025 after initially listing it for $22.5 million in February 2025. The subsequent owner attempted to sell the estate for $21.9 million in August 2025 and later for $19.9 million in June 2026.
The two-acre estate offers views of the ocean and mountains. Previous owners of the house, which was built in 2010, include novelist Sue Grafton and Steve Humphrey, as well as Alicia McFarlane.