Gwyneth Paltrow turned $4.9 million Montecito property into 14,000-sq-ft estate

 Gwyneth Paltrow bought about 2.4 acres in Montecito for $4.9 million in 2016, razed the existing structures and embarked on a ground-up project that took about six years. The result was a roughly 14,000-square-foot home powered by solar energy and equipped with a graywater system. Gwyneth Paltrow bought about 2.4 acres in Montecito for $4.9 million in 2016, razed the existing structures and embarked on a ground-up project that took about six years. The result was a roughly 14,000-square-foot home powered by solar energy and equipped with a graywater system.