Second Homes of Santa Barbara

6:00 AM PST 1/24/2012 by Marissa Gluck, Degen Pener

Though prices have fallen, names like Drew Barrymore and George Lucas still want to buy into the American Riviera.

To get a sense of the rarefied world of Santa Barbara real estate, one need only look to the recent moves of Dick Wolf. The Law & Order creator bought a house years back in the area's tony neighborhood of Montecito, where the neighbors include Ivan Reitman, Jeff Bridges, Robert Zemeckis, Julia Louis-Dreyfus, Google exec chairman Eric Schmidt (who bought Ellen DeGeneres' house for $20 million in 2007) and Oprah Winfrey (whose Georgian estate was appraised in 2008 at $85 million).