
MONTECITO, CA 93108
This Historic Wallace Neff Estate is a premier Move-In Ready Home within Montecito’s exclusive Hedgerow neighborhood. Listed at $6,995,000, the price reflects the property's proximity to its $6,641,787 Fair Market Value, justified by an Excellent Condition Rating and comprehensive 2023 renovations. The residence boasts a modern functional kitchen, vaulted beamed ceilings, and a private patio set upon a high-utilization lot. Ideally situated near Montecito schools and the beach, this architectural sanctuary is perfect for luxury owner-occupants or discerning families seeking a turnkey heritage asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1424 La Vereda Lane Subject | $6,995,000* List Price | 3 | 4 | 3,829 | $1,932 | - |
A 1114 Hill Road Active | $6,495,000 List Price | 4 | 3 | 2,772 | $2,343 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1922, the property underwent extensive and thoughtful renovations in 2023, placing it within the 5-year window for an excellent rating. The home features high-end finishes, a modern and richly functional kitchen, updated bathrooms, and preserved architectural details like vaulted beamed ceilings and plaster walls, all meeting current luxury standards with no deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 24393, living area = 3829.
Originally built in 1922 and designed by renowned architect Wallace Neff, this Spanish-style residence is a rare expression of Montecito's architectural heritage. Offering approximately 3,829± sq ft, the home includes 3 bd/3.5 baths and a dedicated office. Arched thresholds, plaster walls, and hand-forged details honor the home's origins, while 2023's thoughtful renovations integrate seamlessly. The living room features vaulted ceilings, exposed beams, and abundant natural light. The kitchen is richly functional, flowing naturally to adjacent living and dining areas. The primary bedroom opens to two patios, extending the living experience outdoors. Mature landscaping and terraces surround the home. Conveniently located near Montecito schools, the beach, and both Upper and Lower Village.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 47% |
| Baths | 4.0 | 4.0 | 50% |
| Square foot | 3,829 | 3,601 | 57% |
| Lot Size | 24,393.6 | 40,075.199 | 30% |
| Price | $7.00M | $5.31M | 67% |
| Price per sq ft | $1.8K | $1.7K | 57% |
| Built year | 1922 | 1980 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 238 | 13% |
Feb 19, 2026
$6,995,000
$7,500,000
-7% Price Drop
Initial Listing
Jan 22, 2026
$7,500,000
Initial Listing