$2,850,000

505 Montgomery Ln Wayne, PA 19087

6 beds
5 full, 1 partial
6,496 sqft
0.9 acres
$439 / sqft
House

Property details

About 505 Montgomery Ln

Step into a world where history and modern luxury are gracefully blended. This stunning Victorian-era home was designed by celebrated architect Frank Furness in 1878. Lainshaw was the childhood home of Robert L. Montgomery, who co-founded the investment firm Janney Montgomery Scott and built the Villanova estate, Ardrossan. Lainshaw was originally built for Robert’s father, William W. Montgomery. The home was named "Lainshaw" after Montgomery's Scottish roots. Architectural Heritage: Lainshaw showcases Furness's signature craftsmanship with preserved features like intricate moldings, original stair railings, and exquisite fireplaces (five functional and three decorative). These historical elements are beautifully complemented by modern updates, including a gourmet kitchen with a spacious island, a redesigned office with custom cabinetry, 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, extensive professional landscaping and outdoor lighting enhancements, multi-zone heating and cooling, and radiant heat flooring in kitchen, family room and primary baths. Elegant Design and Exceptional Features: Nine and ten-foot ceilings throughout invite an unexpected and welcome abundance of natural light through large windows, enhancing the home's spacious living areas. This six-bedroom home features five full bathrooms and one powder room, 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. Indoor-Outdoor Living: Celebrate the outdoors on the expansive stone patio complete with a wood-burning fireplace and hot tub, and surrounded by lush, established gardens. Enjoy gentle breezes from the side brick patio with both covered and uncovered seating areas. With access from the family room, dining room and living room, you’ll appreciate the easy indoor-outdoor flow for day-to-day living and when entertaining a crowd. 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. Lainshaw stands as a testament to his celebrated career. Located in one of the most sought-after neighborhoods in north-side St Davids, within walking distance to the commuter train, and "Best of the Main Line" town of Wayne.

Highlights

Home typeSingle Family Residence
HeatingHot Water, Zoned
StatusActive
(ACTIVE)
CoolingZoned, Central Air
Size6,496 sqft
BasementYes
Lot size0.95 Acres
Year built1878
ParkingAdditional Storage Area,Garage - Front Entry,Oversized, Detached Garage,Driveway
MLS #PADE2089126
Garage2 spaces

Summary

  • Partial Bathrooms: 1
  • Full Bathrooms: 5
  • Basement: Yes
  • Total Bedroom Count: 6
  • Garage Space: 2 spaces
  • Parking: Additional Storage Area,Garage - Front Entry,Oversized, Detached Garage,Driveway
  • Exterior: Extensive Hardscape, Exterior Lighting
  • Architectural Style: Traditional, Victorian
  • Heating: Hot Water, Zoned
  • Cooling: Zoned, Central Air
  • List Price: $2,850,000
  • Price/SqFt: $438
  • Annual Tax Amount: $17,504
  • Tax Year: 2024
  • Lot: Level, Landscaped
  • Directions: Belrose Lane to Montgomery Lane
  • Year Built: 1878
  • Stories: 3
  • Living Area: 6,496 SqFt
  • Municipality: Radnor Twp
  • Lot Size: 0.95 Acres
  • MLS Number: PADE2089126
  • MLS Name: BRIGHT
  • Office Name: Compass Pennsylvania, LLC
  • Office Phone: (610) 947-0408
  • Office Email: marianne.dillon@compass.com
  • Listing Agent: Susan W Fitzgerald
  • Agent Phone: (610) 209-9238
  • Agent Email: susan.fitzgerald@compass.com

IDX Information Deemed Reliable But Not Guaranteed. 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 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. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/12/2025, 4:20:28 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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view of front of house featuring a shingled roof, an outdoor structure, a chimney, and driveway

$2,850,000

505 Montgomery Ln

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Price information

Property sales

DateEventPrice
Aug 04, 2015
Home Sold
$1,550,000
Jun 13, 1997
Home Sold
$540,000

Tax history

YearAssessmentProperty Tax
2024$865,790$17,504
2023$865,790$16,989
2022$865,790$16,627
2021$865,790$26,708

History based on county public records data.

Nearby schools

7

Radnor Elementary School

Public District KG-5

0.3 mi

20 W Matsonford Rd

5

Roberts Elementary School

Public District KG-4

2.0 mi

889 Croton Rd

4

Gulph Elementary School

Public District KG-4

2.2 mi

650 S Henderson Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $97,283. Most Wayne, PA residents have annual incomes between $35k-100k. The most common type of family is married, with kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

15%
<35k
37%
35k-100k
17%
100k-200k
31%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

19%
Single, No Kids
5%
Single, with Kids
37%
Married, No Kids
39%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

6%
<11 yrs old
8%
12-17 yrs old
69%
18-34 yrs old
13%
35-64 yrs old
4%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • Men's TennisMen's Tennis
  • TennisTennis

Where do the neighbors shop?

  • NordstromNordstrom
  • BloomingdalesBloomingdales
  • Brooks BrothersBrooks Brothers

Where do the neighbors go to eat?

  • California Pizza KitchenCalifornia Pizza Kitchen
  • Bonefish GrillBonefish Grill
  • QdobaQdoba

What do the neighbors drive?

  • BMWBMW
  • LexusLexus
  • AcuraAcura

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • NewsNews
  • SportsSports
All data provided by Home Junction and Claritas

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Frequently asked questions

About 505 Montgomery Ln

The listing price of 505 Montgomery Ln property is $2,850,000.

The property 505 Montgomery Ln is a house located in Wayne, Pennsylvania, 19087.

Active Listing: 505 Montgomery Ln is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 505 Montgomery Ln are: Radnor Elementary School (GreatSchools Rating 7/10), Roberts Elementary School (GreatSchools Rating 5/10), Gulph Elementary School (GreatSchools Rating 4/10), Radnor Middle School (GreatSchools Rating 7/10), Upper Merion Area Middle School (GreatSchools Rating 6/10), Black Rock Middle School (GreatSchools Rating 10/10), Radnor High School (GreatSchools Rating 8/10), Harriton High School (GreatSchools Rating 9/10), Upper Merion Area High School (GreatSchools Rating 6/10).

According to the records, the last property tax for 2024 is $17,504 (source: MLS/based on county public records data).

The last sale was on August 4, 2015 for $1,550,000 (source: MLS/tax record).

The property at 505 Montgomery Ln has 6 bedrooms and 5 full and 1 half bathrooms.

The property 505 Montgomery Ln is 6,496 SqFt (source: MLS/tax record).

The year of construction for 505 Montgomery Ln is 1878.

This home is located at 505 Montgomery Ln in Wayne, PA and zip code 19087. This 6,496 square foot home, which was built in 1878, sits on a 0.95 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since May 10, 2025 and is currently priced at $2,850,000.

The number of listings in Wayne, PA increased by 90.9% between March and April 2025. Listings spent 31 days on the market in April 2025, and had a median list price of $967,500 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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