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‘The Secret’ Author Rhonda Byrne Cuts Price of Home 20% to $18.8 Million

‘The Secret’ Author Rhonda Byrne Cuts Price of Home 20% to .8 Million

Rhonda Byrne Home

Jim Bartsch

Rhonda Byrne, best-selling author of the 2006 self-help book “The Secret,” hasn’t achieved one of her goals: selling her Montecito, Calif. home. So she’s changed real-estate agents and lowered the price of her estate by 20% to $ 18.8 million.

In a telephone interview, Ms. Byrne said she switched agents to Riskin Partners at Village Properties because she wanted to “bring in new energy” for the property.

Ms. Byrne is known for her philosophy that visualizing a goal until one absolutely believes it is true can make that goal a reality. She said she could have used that principle to attain her original asking price, if she’d made it a major priority and “put in the time and energy.” Instead, she said she gave a lot of her energy to the in-development film version of “The Secret,” which she is co-producing, because “it’s going to make a big difference in people’s lives.”

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She added: “I have a lot of faith and trust in life doing the right thing by us. Usually we don’t know, until further down the track, that that’s the reason it happened that way.”

Listing agent Rebecca Riskin of Riskin Partners said the property was “priced aggressively” when it first hit the market. She added that Montecito hasn’t seen as many international buyers as cities like Los Angeles and New York.

The estate, on about 2½ acres with mountain and Pacific Ocean views, went on the market for $ 23.5 million last year. Built in 2001, the home measures about 8,400 square feet with five bedrooms, six full bathrooms and two half bathrooms. On the grounds, there is a guesthouse, a 65-foot-long pool and a cabana with a fireplace, kitchen, changing room and bathroom. The property, which has mountain and Pacific Ocean views, also has a putting green and a two-story children’s play house.

Ms. Byrne, an Australia native, paid $ 18 million for the estate in 2007. She said she is selling because she needs to be closer to Los Angeles, and will likely rent a home in Malibu or Santa Monica Canyon before buying another house.

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