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Investor Marc Stad Spends $41 Million on Two Montecito Mansions

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variety.com

James McClain When billionaires go house-shopping, their needs are invariably more complex than those of ordinary, run-of-the-mill millionaires.

There is space for full-time assistants and estate managers to consider, not to mention bodyguards and chefs. And one can’t forget the extended family — what member of the three-comma club would buy a place for themselves and not buy a nice nearby house for grandma and grandpa, too?

What would the neighbors think? Perish the thought.So when ultra-wealthy San Francisco locals Marc and Elisa Stad recently came down to Montecito looking for a vacation property, they didn’t come home with the keys to just one estate.

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