The post Prince Harry and Meghan Markle 'Purchase House in Portugal'—but $14.65 Million Montecito Mansion Is Still Their Home Base appeared first on Real Estate News & Insights | realtor.com®.

The Sussexes are said to have splashed out on one of 300 soon-to-be constructed residences at the 722-acre CostaTerra Golf and Ocean Club — a lavish development near the small town of Melides, about 81 miles south of Lisbon. The Mirror reports that properties inside the compound start at a whopping $4.7 million (£3.6million).

It looks like the British press has finally nailed down the location of Prince Harry and Meghan Markle’s vacation home in Portugal. It should come as no surprise to anyone who follows the Sussexes that they are going to be very close to Princess Eugenie and her husband,

Prince Harry and Meghan Markle's reported purchase of a home in Portugal is so the couple can "pretend they're still royals", a commentator has claimed. The Duke and Duchess of Sussex have reportedly bought a property on the Iberian peninsula which may mean the pair will acquire a "Golden Visa" allowing visa-free access to the European Union's Schengen area.

Prince Harry and Meghan Markle's move to Portugal has not excited locals, who are accustomed to wealthier, more famous residents. An estate agent noted their presence likely won't impact the community,