An extraordinary opportunity at the meeting of prestigious and coveted Park Lane and East Mountain Drive. 8 bed/6.5 bath 1937 Monterey Colonial with approximately 7000 sq ft +/- of living space with a 2 bedroom guest house on 1.65 acres of mature landscaping, oak, and olive groves. Move-in as-is, or take advantage of the perfect palette to create a spectacular estate property. Generously proportioned living areas include an impressive great room, grand dining room, master with his and hers baths, and sitting area opening to a wraparound veranda. An entertainment terrace just off the great room and dining room provide classic California indoor/outdoor living. Located in the desirable Montecito Union School District.