Monday Morning Millionaire, Late Edition: Lorraine Lovely Originally Built for Tim Headington Gets a Fabulous Cali Facelift

Really, improving this house is like improving Gwyneth Paltrow or George Clooney. 4236 Lorraine  certainly didn’t need much, but when HP Estate Homes gets hold of a property, the sky is no limit to the time, care, attention and detail that will be poured in to create the finest of fine estates. First of all, the home was built for Tim Headington in 2000. You can all but guarantee perfection (as well as “price is no object” quality) when a gazillionaire builds a home. Then it was purchased by Carl Webb, Senior Partner at Ford Management, L.P. and Chief Executive Officer and Director of Pacific Capital Bancorp, among other things. Carl lived here the last ten years before HP Estate Homes got hold of this beauty who just needed a little Santa Barbara fluff. And fluff indeed: interior designer Elizabeth Robertson smoothed the interiors in every inch of the 6,574 square feet with traditional furnishings bearing a California clean edge and beautiful wood finishes, like the barnwood blue-white-washed kitchen, the handscraped deep oak floors, parquet and limestone, solid Honduras rift-cut mahogany doors, marble countertops EVERYWHERE!, Spanish tile roof, saltwater pool, 512 square foot cabana off the pool, full covered outdoor kitchen, prime corner lot with 167 foot depth. There are five bedrooms, five and two half baths which is now de rigeur, and a three car garage plus plenty of parking. The downstairs master suite had me screaming with not just one, but TWO closets the size of the  Vince at Highland Park Village, his and her, complete with pull-down rods, built-ins and drawers, a cedar closet within the main closet, plus a huge spa bath with soaking tub, steam shower, coffee/wet bar and auxiliary luggage closet. There is also a private terrace off the master with quick access to the pool. Asking price: only $6.8 million.