Amer­i­can Riviera

Forbes - - Leaderboard Real Estate -

JUST 90 MILES north of Los An­ge­les in Santa Bar­bara County, Mon­tecito has long been home (or sec­ond home) to wealthy buy­ers lured by its beauty, comfy mi­cro­cli­mate and prox­im­ity to the city. Santa Bar­bara is one of the United States’ wealth­i­est coun­ties, and its prici­est homes can be found in this 9,000-res­i­dent en­clave. In the early 1900s the rich flocked here to build houses; by 1920 Mon­tecito had more mil­lion­aires per acre than any­where in the U.S., and many of these grand es­tates have been passed down through the gen­er­a­tions. Here’s a look at the ten­fig­ure moguls who live there—and sev­eral cur­rent list­ings, should you han­ker to join them. CHAR­LIE MUNGER $14 MIL­LION (2016 TO­TAL AS­SESSED VALUE OF THREE PROP­ER­TIES) “Mungerville” is the lo­cals’ nick­name for the gated com­mu­nity the Berk­shire Hath­away vice chair­man (net worth: $1.4 bil­lion) de­vel­oped in the 1990s. Its for­mal name is Sea Meadow, 22 acres of beach­side land dot­ted with 32 Nor­mandy-style man­sions, of which Munger owns two (plus one other lot). Two Sea Meadow prop­er­ties were re­cently on the mar­ket for around $4.5 mil­lion.

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