Meghan Markle and Prince Harry Drop $14 Mil on Spectacular Montecito Estate

Prince Harry and Meghan Markle have moved to Montecito, home of Oprah and many other celebs, and now we know which home they bought … and it’s insanely lavish.

Real estate and other sources with direct knowledge tell TMZ, the wayward royals plunked down $14,650,000 on the 18,000-square-foot home which sits on 5 acres. It has 9 bedrooms and 16 bathrooms. No, this is not a mistake … 16 bathrooms. There’s also a guest house for in-laws. We’re told Meghan’s mom has already been there … we’re guessing the Queen will take a pass.

It’s got a lot more … a beautiful pool, expansive lawns and lots and lots of what they want most — privacy. The house is behind multiple gates and is super secure.

TMZ broke the story … Harry and Meghan are suing a photog agency for allegedly snapping pics of Archie in the Bev Hills backyard of Tyler Perry‘s mansion. It’s gonna be a lot harder for paparazzi to do the same in Montecito.

The former Royals join a long line of celebs leaving Los Angeles for greener and more private pastures in Montecito … the super-exclusive city is home to celebs like Oprah, Ellen, Drew Barrymore, Rob Lowe, Dick Wolf, Patrick Stewart, Scooter Braun and many others.