Here's what you can get for $5 million in Montecito, California

Coastal community is a popular enclave for celebrities -- and a royal couple

Montecito is an enclave popular with the rich and famous that sits on the Southern California coast south of the Santa Ynez Mountains.

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The small, scenic community is a refuge for a number of celebrities and business leaders -- and now a royal couple. Montecito recently made international headlines when Meghan Markle and Prince Harry bought a home there.

They spent about $10 million, TMZ reported. The median home list price in Montecito was $4.3 million in July, a 9.8% year-over-year increase, according to Realtor.com. The median sale price was even higher: $4.6 million.

Despite the high prices, the website rates Montecito as a buyer’s market. Homes spend an average of 112 days on the market and sold for an average 5.27% below asking price in July.

Here’s a look at what you can get in Montecito with a $5 million budget:

School House Road - $4,995,000

This home is listed for $4.995 million. (Carsten Schertzer for Sotheby’s International Realty)

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This Tudor was designed by George Washington Smith, a notable Santa Barbara architect in the 1920s and has been “meticulously cared for.”

The 3,865-square-foot home includes four bedrooms, five bathrooms and one half-bath, according to the listing with Maureen McDermut of Sotheby’s International Realty.

This home is listed for $4.995 million. (Carsten Schertzer for Sotheby’s International Realty)

The home maintains lots of original character inside and also benefits from some updates, like a remodeled kitchen. Each bedroom includes an en suite bathroom, including one ground floor suite with a private entrance.

This home is listed for $4.995 million. (Carsten Schertzer for Sotheby’s International Realty)

Sitting on a gated acre of lush gardens and mature trees, the home is located in a “storybook setting,” the listing states. The property features a pool, pagoda and fire pit, as well as a fruit tree orchard. There’s also a one-bedroom guest house with a private patio overlooking the gardens.

This home is listed for $4.995 million. (Carsten Schertzer for Sotheby’s International Realty)

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Ashley Road - $4,850,000

This home is on the market for $4.85 million. (Brian Kruelle for Compass)

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This French Country-style home offers mountain views and rose gardens.

The 4,808-square-foot home includes four bedrooms, three bathrooms and one half-bath, according to the listing with Suzanne Perkins and Arthur Kalayjian of Compass.

This home is on the market for $4.85 million. (Brian Kruelle for Compass)

Inside, the home’s spaces and large and bright. It features beamed and vaulted ceilings, plus three fireplaces. The huge master suite includes a sitting area, luxurious bathroom and spacious dressing room, and opens to a private flagstone terrace with an outdoor fireplace.

This home is on the market for $4.85 million. (Brian Kruelle for Compass)

The flower-filled 1.3-acre property includes a gazebo and outdoor kitchen with a barbecue. There’s also a spa with a rock waterfall, plus various outdoor entertaining areas mixed around the tiered rose gardens.

This home is on the market for $4.85 million. (Brian Kruelle for Compass)

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Boundary Drive - $4,195,000

This home is asking $4.195 million. (Sotheby’s International Realty)

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This home is centered around a shining “jewel box” formal dining room with glass walls and ceiling.

The 3,719-square-foot home includes three bedrooms and five full bathrooms, according to the listing with Maureen McDermut of Sotheby’s International Realty.

This home is asking $4.195 million. (Sotheby’s International Realty)

The home features an updated kitchen with marble counters and a beamed cathedral ceiling. The master suite encompasses its own wing with dual bathrooms and a fireplace, plus access to a private terrace with ocean views.

This home is asking $4.195 million. (Sotheby’s International Realty)

This property backs onto the well-regarded course at Birnam Wood Golf Club. There’s also a two-bedroom guest quarters and a pool.

This home is asking $4.195 million. (Sotheby’s International Realty)

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