Jack & Julie McGinley Acquire Rob Lowe's Montecito SFR For $45.5M

Rob Lowe has sold his property located at 700 Picacho Lane in Montecito. The asset, a single-family residence, was sold for a price of $45,500,000. The property spans over 10,000 square feet, resulting in a price per square foot of $4,550. The transaction took place on 10/05/2020. The buyer of the property is Jack & Julie McGinley, while the seller is Rob Lowe himself.

Summary of transaction details:

• Property Type: Single-Family Residence
• Transaction Amount: $45,500,000
• Address: 700 Picacho Lane, Montecito
• Market: Montecito
• Square Footage: 10,000
• Price per Square Foot: $4,550
• Buyer: Jack & Julie McGinley
• Seller: Rob Lowe

This transaction, facilitated by Rob Lowe's representative at 's REP, marks the successful sale of the property from Rob Lowe to Jack & Julie McGinley. The deal exemplifies the booming real estate market in Montecito, showcasing the high-value purchases being made in the area.