Montecito Estate Flip: Xorin Balbes turns $11.5m buy into $32m sale; renovation nearly triples 2022 price
Xorin Balbes made a significant investment in late 2022 when he bought the Monte Arroyo estate for $11.5 million. After undergoing extensive renovations, the estate was put on the market for $52 million in June 2024. Despite reducing the price, it ultimately sold for $32 million in October 2025, having…
The Times of India ·
The Times of India
