As you turn onto Marguerita Lane, you'll feel as though you've been transported to the Mediterranean. This charming cul-de-sac is home to 16 Spanish-style houses originally built as an Artist Colony by famed developer, Dr. Alexander Schutt and his architect sons and was added to the National Register of Historic Places in 2009. The street retains remarkable physical integrity, preserving its unique character. As you approach the home, you'll notice delightful details, including the red clay tile roof, the intricate brickwork and inlaid stone work at the entry, and the French front door with wrought iron accents. A picturesque Juliette balcony adds to the home's charm. Inside, the living room boasts a raised beehive fireplace, wood beam ceilings, shutters, and hardwood floors.The second bedroom features beautiful sconces, casement windows, a French door leading to the Juliette balcony, and a queen size Murphy bed. The turreted dining room, with a soaring, stenciled ceiling, gorgeous sconces, and two built-in China cabinets, adds an elegant touch to the home. The kitchen has been fully updated, showcasing top-of-the-line Viking appliances, a glass tile backsplash, a Latoscana farmhouse sink, quartz countertops, and a Speed Queen laundry center. A window above the sink frames a view of the enchanting backyard.The updated full bath includes double Toto sinks, a walk-in shower, a soaker tub, California Faucet fixtures and a Toto washlet toilet. Descend into the cozy primary bedroom, featuring a vaulted wood beam ceiling, French doors leading to the backyard, and two closets. The recently added en suite half-bath boasts Phylrich and Grohe plumbing fixtures and a glorious skylight.The backyard is a tranquil oasis, with a fig tree, bougainvillea, and wisteria wrapping the back wall and surrounding the fountain, and a flourishing herb garden. A large pergola and tea roses complete this serene retreat. A huge bonus is that the home is part of the Mills Act Program, thus representing significant property tax savings.The property is conveniently located near transportation, freeways, shops, restaurants, the Playhouse District, Old Town, and South Lake Avenue.