1574 Green Lane, MONTECITO, CA 93108, MONTECITO, 93108 - 7 bed, 6 bath
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MONTECITO, CA 93108
This Historic Spanish Revival Estate is a Strong Value Opportunity, listed at $11,250,000—positioned well below the $12,031,185 Fair Market Value by 6%. This valuation gap offers $781,185 in Instant Equity for a property in Excellent Condition. Designed by Mary McLaughlin Craig, the 1.3-acre compound features a meticulously restored main residence and detached guest house set amidst lush garden views. Located in Montecito’s prestigious Hedgerow, it balances architectural pedigree with modern refinement. This is an unparalleled acquisition for Luxury Lifestyle Seekers or Architectural Collectors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1574 Green Lane Subject | $11,250,000* List Price | 7 | 6 | 5,556 | $2,165 | - |
A 1650 E Valley Road Active | $12,250,000 List Price | 7 | 6 | 4,764 | $2,571 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1926 Spanish Revival estate has undergone a meticulous and high-end restoration that preserves its historic character while integrating modern luxury. The interior showcases pristine hardwood floors, crisp plaster walls, designer lighting, and intact architectural details like beamed ceilings and hand-painted wallpaper. The exterior features immaculate stone terraces, lush mature landscaping, and a well-maintained stucco facade and tile roof. The property shows no signs of deferred maintenance and appears to have been recently refined to meet the highest quality standards, qualifying it for an excellent condition rating despite its age.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 56628, living area = 5556.
Designed by renowned architect Mary McLaughlin Craig in 1926, this Spanish Revival estate features meticulously preserved historic details like beamed ceilings and hand-painted wallpaper, offering rare aesthetic value.
The 1.3-acre property includes a 5-bedroom main residence and a detached 2-bedroom guest house, providing exceptional scale and versatility for multi-generational living or high-end hosting.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 5556, other record living area = 4875. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 5.
As a 1926 structure, the property may require specialized and potentially costly ongoing maintenance to preserve its vintage architectural integrity and aging infrastructure.
The significant $11.25M price point and specific historic character may limit the buyer pool to a narrow segment of collectors, potentially extending the time needed to find the right buyer.
Designed by Mary McLaughlin Craig in 1926, this Spanish Revival estate in Montecito's Hedgerow carries the hallmarks of timeless architecture and thoughtful restoration. Set on 1.3± acres, the 5bd/5.5ba main residence features beamed ceilings, multiple fireplaces, hand-painted dining room wallpaper, a study, and light-filled living spaces that open to stone terraces and mature gardens. Original architectural details remain beautifully intact, guided by a considered restoration that honors the home's character while quietly refining it for modern living. A historic, detached 2bd/1ba guest house and 3-vehicle garage complete the compound. Located near the Upper and Lower Villages, beaches, and trails, this is a rare offering defined by sophistication and architectural splendor.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 97% |
| Baths | 6.0 | 4.0 | 81% |
| Square foot | 5,556 | 3,601 | 90% |
| Lot Size | 56,628 | 40,075.199 | 79% |
| Price | $11.25M | $5.30M | 86% |
| Price per sq ft | $2.0K | $1.7K | 70% |
| Built year | 1926 | 1980 | 4% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 239 | 1% |
Apr 13, 2026
$11,250,000
Initial Listing
May 24, 2018
$4,808,182
Public Record