I stopped by 1530 Mimosa Lane in Montecito’s Hedgerow at yesterday’s broker’s open house, and I loved it. Built in 1924, the house has the charm of an older property, but it has been expertly updated. The 1.75-acre lot is huge for the hedgerow, and there’s a well, which has to come in handy, given the expansive lawn.
Bathrooms: Six full, one half.
Size/Acreage: 6,151 square feet / 1.75 acres.
Price: $8.95 million.
Last sold: In June 2016 for $7 million.
Listing agents: Dan Encell of Berkshire Hathaway and Jill Alpert of Wish Sotheby’s International Realty.
The current owners evidently changed the flow of rooms upstairs, along with many other improvements. Did they put $2 million into it? I have no idea. All I know is that the house feels right—and, unlike almost everything that comes on the market, not overpriced. While $9 million is a lot for the Hedgerow, the property is more akin to something above East Valley Road; moreover, it’s far from the 101, and the only potential noise concern is Laguna Blanca School, just behind the guest house.
Last but not least, the grounds. The whole place reminds me of 121 Olive Mill Lane, recently reduced to $9.95 million; both are perfect little worlds of their own, where you’d be tempted never to leave.