Patterson-Schwartz Real Estate505 Montgomery Lane, Wayne, PA 19087-4424 $2,850,000
Interior Sq. Ft: 6,496
Acreage: 0.95
Age:126 years
Style:
Traditional, Victorian
Subdivision: None Available
Design/Type:
Detached
Description
Come visit us at the open house on Saturday 1-3 pm! Own a Piece of Main Line History – "Lainshaw". Step into a world where history and modern luxury are harmoniously blended. This stunning "Grand Dame Victorian" home, designed by the celebrated architect Frank Furness in 1878, offers a rare opportunity to own a piece of architectural heritage. Lainshaw was the childhood home of Col. Robert L. Montgomery, who co-founded the investment firm Janney Montgomery Scott and built Ardrossan. Originally built for his father, William W. Montgomery, this home, named "Lainshaw" after Montgomery's Scottish roots, presents a perfect balance of historical charm and contemporary elegance. Architectural Heritage: The home showcases Furness's signature craftsmanship with preserved features like intricate moldings, original stair railings, and nine exquisite fireplaces (five functional and four decorative). These historical elements are beautifully complemented by modern updates, including a gourmet kitchen with a spacious island and heated floors, redesigned office, and an open-concept family room that ensures seamless flow throughout the home. Other improvements include a new roof with copper gutters and downspouts, new insulation in the roof/ attic, repointed chimneys, low-maintenance Hardi-plank siding, new Pella windows throughout, a Lutron lighting automation system, and extensive professional landscaping and outdoor lighting enhancements. Elegant Design and Exceptional Features: Nine and ten-foot ceilings throughout invite an abundance of natural light through large windows, enhancing the home's spacious living areas. This six-bedroom residence features 5½ bathrooms, plus a cozy sunroom, butlers pantry (with original cabinetry), a billiards/media room, an upper level laundry room, and a luxurious primary suite offering two primary baths, both with heated floors for a spa-like retreat. Exquisite Indoor-Outdoor Living: Celebrate the outdoors on the expansive stone patio complete with a fireplace and hot tub, surrounded by lush, established gardens. A side brick patio provides an ideal space for year-round enjoyment with access from both the family room and dining room. Even the living room has easy outdoor access, with french doors opening to the uncovered portion of the side patio where you can enjoy gentle breezes. A Storied Legacy: Frank Furness, a luminary in architectural design, left his mark on Philadelphia with iconic structures like the Pennsylvania Academy of the Fine Arts, Merion Cricket Club and the University of Pennsylvania Library. This home stands as a testament to his celebrated career. Located in one of the most sought-after neighborhoods in north-side Saint Davids, walking distance to the commuter train and "Best of the Main Line" town of Wayne. Experience the perfect blend of history and modernity in this remarkable home. Schedule your private tour today to explore the grandeur and charm of "Lainshaw."
Bonus Room: Upper 3
Storage Room: Upper 3
Laundry: Upper 2
Bedroom 4: Upper 2
Full Bath: Upper 2
Bedroom 5: Upper 2
Primary Bed: Upper 1
Primary Bath: Upper 1
Bathroom 2: Upper 1
Bathroom 2: Upper 1
Bedroom 3: Upper 1
Bedroom 4: Upper 1
Foyer: Main
Sun/Florida Room: Main
Office: Main
Kitchen: Main
Family Room: Main
Dining Room: Main
Living Room: Main
Workshop: Lower 1
Basement: Lower 1
Home Assoc: No
Condo Assoc: No
Basement: Y
Pool: No Pool
Mid. School: Radnor High School: Radnor
Features
Utilities
Hot Water Heating, Zoned Heating, Natural Gas, Central A/C, Zoned Cooling, Electric, Hot Water - Natural Gas, Public Water, Public Sewer
Garage/Parking
Detached Garage, Driveway, Additional Storage Area, Garage - Front Entry, Oversized, Detached Garage Spaces #: 2;
Interior
Outside Entrance Basement, Basement Workshop
Exterior
Stone Foundation, Brick Exterior, Fiber Cement Exterior, HardiPlank Type, Extensive Hardscape, Exterior Lighting
Lot
Landscaping, Level Lot, Non-Tidal Wetland Lot
Select a school from the following list. Schools are grouped by school type.
The schools on this list are selected by their proximity of up to 5 miles to the property address.
Proximity does not guarantee enrollment eligibility. Please contact the school directly for more information on enrollment requirements.
* If there are more than 5 schools of any type within a close proximity, click on the button to see additional schools of that type near the search address.
Public Elementary (20 schools)
Public Middle (7 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Radnor Middle School | Radnor Township School District | 6–8 | Wayne | 1.16 mi |
| Black Rock Middle School | Lower Merion School District | 5–8 | Villanova | 1.43 mi |
| Upper Merion Middle School | Upper Merion Area School District | 5–8 | King of Prussia | 3.54 mi |
| Pennsylvania Virtual Charter School | Pennsylvania Virtual Charter School | K–12 | King of Prussia | 3.81 mi |
| Tredyffrin-Easttown Middle School | Tredyffrin-Easttown School District | 5–8 | Berwyn | 4.3 mi |
| Agora Cyber Charter School | Agora Cyber Charter School | K–12 | King of Prussia | 4.34 mi |
| Valley Forge Middle School | Tredyffrin-Easttown School District | 5–8 | Wayne | 4.4 mi |
Public High (8 schools)
| School | District | Grades | Place | Distance |
|---|---|---|---|---|
| Radnor Senior High School | Radnor Township School District | 9–12 | Radnor | 0.75 mi |
| Harriton Senior High School | Lower Merion School District | 9–12 | Bryn Mawr | 2.74 mi |
| Upper Merion High School | Upper Merion Area School District | 9–12 | King of Prussia | 3.39 mi |
| Pennsylvania Virtual Charter School | Pennsylvania Virtual Charter School | K–12 | King of Prussia | 3.81 mi |
| Delaware County Technical High School-Ma | Delaware County Technical High School | 9–12 | Aston | 4.18 mi |
| Agora Cyber Charter School | Agora Cyber Charter School | K–12 | King of Prussia | 4.34 mi |
| Conestoga Senior High School | Tredyffrin-Easttown School District | 9–12 | Berwyn | 4.59 mi |
| Marple Newtown Senior High School | Marple Newtown School District | 9–12 | Newtown Square | 4.87 mi |
Private (54 schools)
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This report is a detailed community overview for Wayne (19087), Pennsylvania.
Community Quick Facts
- Average travel time to work for people in this community: 26
- Average salary of people in this community: $110,288
Community Summary
- Population Density (ppl / mile): 2,049
- Household Size (ppl): 2.57
- Households w/ Children: 64%
Housing Inventory
- Owned: 9,076 (71.8%)
- Rented: 2,767 (21.9%)
- Vacant: 801 (6.3%)
- Total: 12,644
Population Demographics
The population of the community broken down by age group. The numbers at the top of each bar indicate the number of people in the age bracket below.
Climate and Weather
The Temperature chart displays average high and low values for January and July, and is designed to provide an indication of both seasonal and daily temperature variability. The Weather Risk Index indicates the calculated risk of each type of weather event occurring in the future. This risk is based on historical localized storm events and weather patterns. The national average for each type of weather event equals a score of 100, so a score of 200 would represent twice the risk as the national average, and a score of 50 would represent half the risk of the national average.
Temperature
Education
Highest Level of Education Attained
- Less than 9th Grade: 0.6%
- Some High School: 1.9%
- High School Graduate: 7.3%
- Some College: 8.0%
- Associate Degree: 3.6%
- Bachelor's Degree: 38.9%
- Graduate Degree: 39.6%
Income by dollar range
Median Income: $145,769
Fair Market Rents
The Fair Market Rents show average gross rent estimates based on figures provided by the U.S. Department of Housing and Urban Development (HUD).
- Studio: $1,543
- One Bedroom: $1,302
- Two Bedroom: $1,591
- Three Bedroom: $2,141
- Four Bedroom: $2,595
© 2025 LiveBy. All Rights Reserved.
Contact Information
Schedule an Appointment to See this Home
Request more information
or call me now at 302-285-0977
Listing Courtesy of: Compass Pennsylvania, LLC , (610) 947-0408, marianne.dillon@compass.com
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Patterson-Schwartz Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information Deemed Reliable But Not Guaranteed.
Copyright BRIGHT, All Rights Reserved
Listing data as of 5/10/2025.
Broker Compensation
An offer of broker compensation or seller concession is not a guarantee. All compensation offers and concessions are negotiable and subject to written agreement between the parties. Please consult with your real estate agent for more information.
