See photo of Prince Harry and Meghan Markle's new $14.5M palatial mansion

Prince Harry and Meghan Markle have acquired a stunning palatial mansion in Montecito, California.

According to PageSix, the mansion is a nine bedroom and 16 bathrooms house which also features rose gardens, century-old olive trees, a tennis court, a tea house, children’s cottage, and a pool.

It also comes complete with a two-bed guest house.

Rumour has it that the couple borrowed the money to pay for the house from Harry's dad, Prince Charles, a story that has been debunked. Eddie Mulholland/AP

Rumour has it that the couple borrowed the money to pay for the house from Harry's dad, Prince Charles, a story that has been debunked.

“Meghan and Harry finally feel like they are on their own, and it feels great. They bought this house without help from his family, they aren’t using it on loan from a friend as they had before. It’s truly theirs and they can’t wait to make it a home," a source close to the couple revealed.

Prince Harry and Meghan Markle's new home [PageSix] Pulse Nigeria

Prior to the acquisition, the couple had put up with Movie mogul, Tyler Perry at his sprawling mansion.

However, they have battled with paparazzi who have tried to gain access to their home since they relocated to the United States.

In July 2020, the former royal couple sued a photographer for infringement of privacy.

Harry and Meghan moved to Los Angeles months after they both stepped back as senior members of the British royal family. [Instagram/SussexRoyal] Pulse Nigeria

In the document, Meghan and Harry detailed their distress over moving overseas to escape “tabloid fabrications” only to be met with drones flying overhead and a chaotic press presence in their new home.

Harry and Meghan moved to Los Angeles months after they both stepped back as senior members of the British royal family.