JUST LISTED · CASA DE LAS LOMAS · MONTECITO · $12,840,000
Primavera 2026

Villas with
a patio third room.

Terrace has represented 218 Spanish Colonial Revival, hacienda and Mediterranean villas across Santa Barbara, Montecito, Ojai and the Hollywood Hills since 2008. We sell the patio.

$104M
Sold 2025
218
Villas since 2008
97.4%
Of guide
JUST LISTED
SCR · 1928
MONTECITO · CA
Casa de las Lomas
GUIDE
$12,840,000
PARCEL
2.4 ac
6 beds 5 baths 7,420 sqft Patio
Mountain DriveProvenance
REPRESENTED BY ADELAIDA PÉREZ-COSTA · MERCURY PROPERTY GROUP
FEATURED IN
Architectural DigestDwellHouse BeautifulDominoCasa & JardínWorld of InteriorsT MagazineGarden DesignCalifornia Home & DesignHouse & GardenArchitectural DigestDwellHouse BeautifulDominoCasa & JardínWorld of InteriorsT MagazineGarden DesignCalifornia Home & DesignHouse & Garden
PRIMAVERA · 04 / 2026

Cuatro villas, cuatro patios.

TROPHY
SANTA BARBARA · CA
Casa San Roque
George Washington Smith, 1924
GUIDE
$8,420,000
5 4.5 5,4209d
OJAI · CA
Hacienda Olivar
Working olive grove, 12 ac

A 4,840-sqft hacienda on a working olive grove of twelve acres. Mission-tile fountain, eight-burner range, two casitas and a press house in operation since 2003.

$5,640,000
4 bd3.5 ba4,840 sf31d
PRICE NOTE
HOLLYWOOD HILLS · CA
Villa de la Cresta
1931 villa, courtyard
$3,420,000
4 bd3 ba3,140 sf
47d
MONTECITO · CA
Casa de las Lomas
1928 Spanish Colonial Revival

A 1928 Spanish Colonial Revival of 7,420 sqft on 2.4 acres of mature olive and citrus, with a tiled fountain courtyard, six bedrooms, and a guest casita above the auto court.

$12,840,000
6 bd5 ba7,420 sf
JUST LISTED
CÓMO TRABAJAMOS

The patio is a third living room.

Three things we do that distinguish a Terrace listing.

01

Architectural attribution

We trace pre-1940 villas to their original architects — Smith, Soule, Craig, Riggs — and document the evidence in a bound monograph. Verified attribution typically adds 7–14% to value.

02

Shadow studies

We photograph every villa at three light hours — 7am for the eastern wall, 11am for the patio, 5pm for the citrus court. The brochure shows the house in the light it was designed for.

03

Restoration audit

Adelaida Pérez-Costa walks every villa with a tile, plaster and beam audit. The brochure includes the audit findings. We do not list villas with concealed structural issues.

UNA COMPARACIÓN TRANQUILA

Terrace vs. the open market.

A villa is the architecture, the patio, the light and the lineage. The MLS holds none of these. Here is what we add.

No.
With Terrace
Open market
01
Architectural provenance — every Smith, Soule or Craig villa traced
MLS description, no architectural attribution
02
Tile, plaster and beam restoration audit by Adelaida
Buyer discovers the cracked roof tiles at inspection
03
Photographed at 7am, 11am and 5pm with shadow studies
Mid-day shoot, no awareness of patio orientation
04
Buyer roster of design-trade clients and architects
Year-round MLS, hope for the best
05
Average 24 days on market, 7% above guide
Average 96 days, 4% under guide for villas
TESTIMONIOS

From the people on the patio.

Adelaida walked the patio at three different hours and explained where the bougainvillea would catch evening light in August. The buyers cited that walk specifically.

The Romero family
Sold a Montecito villa
2025 EN NÚMEROS
$104M
Closed in 2025
97.4%
Of guide price
24
Days on market
1,427
On the design-trade book
DE LA SOCIA

"We turned down 71 listings last year and accepted 31. The villas of California are a finite collection. We owe each one the time it takes to sell properly."

— Adelaida Pérez-Costa, socia
SERVICIOS DE REPRESENTACIÓN

Three tiers.

Commission and inclusions, plainly. The attribution research and shadow study are always included.

Standard
5%
Villa listing

For Mediterranean-style villas under $4M, ready to list.

  • MLS + Architectural Digest digital
  • Mid-day photography (1 day)
  • Two open houses
  • Standard comparable analysis
Book a listing call
Boutique
MOST PICKED
5.5%
Heritage representation

Our most-requested package for attributed and pre-1940 villas.

  • Architectural attribution research
  • Tile + plaster + beam audit
  • Three-hour shadow-study photography
  • Hand-bound brochure (75 copies)
  • Off-market spring window
  • Private outreach to design-trade book
Book a listing call
Concierge
Negotiated
Trophy estate

Trophy villas above $8M, working groves, attributed estates.

  • Everything in Boutique
  • Estate film commission (4–6 min)
  • Olive-press or vineyard consult
  • International outreach (BCN, MEX, FLO)
  • Heritage paint + tile color matching
  • Closing-day private dinner on the patio
Book a listing call
PREGUNTAS FRECUENTES

Buyer & seller questions, on the patio.

If yours is not here, write to Adelaida — answers within a day.

adelaida@terrace.realty
Pre-1940 California villas were often built by named architects — George Washington Smith, Reginald Johnson, Wallace Neff, Lutah Maria Riggs. We research the attribution, document the evidence, and include it in the brochure. Verified attribution typically adds 7–14% to value.
EL CUADERNO

Recent closings & notes.

CLOSEDApr 22
Closed Casa San Roque, a 1924 G.W. Smith, in 9 days at $8.42M.
Read entry
JUST LISTEDApr 16
New listing: Casa de las Lomas, 1928 Spanish Colonial Revival in Montecito, $12.84M.
Read entry
CUADERNOApr 09
Cuaderno entry: a note on Lutah Maria Riggs and the patio as a third living room.
Read entry
TROPHYApr 03
Trophy property: Hacienda Olivar, working olive grove on 12 acres, by appointment.
Read entry
Por cita previa

Walk a patio with us.

We take 9 listing calls a month. Tell us the villa, the architect, the citrus court — and Adelaida or Inés will meet you on the patio.

SANTA BARBARA
+1 (805) 555 0412
LOS ANGELES
+1 (323) 555 0908
Book a patio walk Request the spring monograph