First time on time on the market in 50 years. Discover this rare, secluded ±1.93-acre estate on Schoolhouse Rd in the heart of Montecito, framed by mature oaks, a seasonal stream, mountain views, and a pool. Existing ±2, 103-sqf 3BD/2.5BA main home plus 400-sqf legacy guest house studio over a detached 2-car garage. Per recent land-use review: rebuild/replace with a primary residence up to ~5, 864 sf (+~800 sqf attached garage); add one ADU up to ~1, 200 sqf; and up to ~1, 445 sqf of detached accessory buildings (e.G. Artist studio, cabana, pool cabana). The unusual combo of a legal non-conforming guest house + a future ADU may be possible (buyer to verify with County/MBAR). This legacy parcel is ready for its next chapter. Your Dream Montecito Estate Awaits!