Prince Harry and Meghan Markle's billionaire neighbor has sold his $19million mansion

Prince Harry and Meghan Markle's billionaire neighbor has sold his $19million mansion, making him the latest of the rich and famous Montecito, California, residents to exit since the ex-royals arrived. The billionaire heir also sold another mansion on a couple of streets over for $16.3million in February and his two sales follow actor Rob Lowe who also ditched his home in Meghan and Harry's neighborhood in September last year. Prince Harry and Meghan Markle's billionaire neighbor has sold his $19million mansion just yards from the royals The home is just yards from the Duke and Duchesses' property and sits on 5.56 acres of land The billionaire's departure makes him the latest of the rich and famous Montecito, California, residents to exit since the ex-royals arrived The seven-bedroom estate has 13-bathrooms, a pool with a cabana and two separate one-bedroom guesthouses Gwyneth Paltrow, Ellen DeGeneres as well as Oprah Winfrey also live nearby in the celebrity enclave It was originally listed at $26.75million, but the listing dropped by $4.25million last year to $22.5million, and eventually sold $3.4million under that, for $19.1million The home was bought by a trust whose trustee is financial analyst and LA lawyer Robert Gipson, managing partner of Gipson Hoffman & Pancione The billionaire has been trying to sell the mansion since 2017. The home as a dual gated cobblestone circular drive, multiple entertaining rooms, 5-star professional chef’s kitchen, library and solarium A gorgeous kitchen is pictured in the home and there's also a movie theatre, two pools, outdoor kitchen, and guest house The seller was so keen to sell his Garden Lane home just a few doors down from Harry and Meghan that he reduced the price by a total $7.65million The home also has a 'new secondary culinary arts kitchen the envy of any 5 star restaurant', according to the listing The listing calls the home a 'legacy Estate in Montecito's coveted Riven Rock redefining American Mansions' The outside of the home shows three large doors leading out on to a patio area perfect for entertaining guests The home next door to the couple comes complete with a pool and cabana; it was put on the market earlier this year The staircase oozes elegance as the home is also near creeks, bridges and pathways perfect for families One of the home's reception rooms is pictured; The listing states: 'Master suite to end all others replete w/ its own accessories boutique' Actor Rob Lowe also ditched his home in Meghan and Harry's neighborhood in September last year Sperling is chairman of the University of Arizona's parent company Apollo Group, and has several multi-million-dollar property investments.