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The Times of India
The Times of India
World
TOI World Desk

Montecito Estate Flip: Xorin Balbes turns $11.5m buy into $32m sale; renovation nearly triples 2022 price

Xorin Balbes bought a nearly 4-acre Montecito estate for $11.5 million in late 2022, and less than three years later, the property known as Monte Arroyo changed hands for $32 million, after Balbes undertook a major renovation and spent tens of millions of dollars on the property, according to The Real Deal.

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