Gwyneth Paltrow Pays $4.9 Million for Santa Barbara "Fixer Upper"—See Inside

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Gwyneth Paltrow just scooped up a Santa Barbara mansion for $4.9 million and, as Trulia reports, the four-bedroom, four-bath home needs a bit of fixing up. Surely, the Oscar winner and tastemaking founder of Goop will put her personal touch on the place and give it the facelift it needs. (Though from the pictures below, we can't quite figure out what, exactly, is in need of fixing.)

Inside, the 5,022-square-foot estate is truly a Venice-inspired Palladian-style escape. Included with the property is a guest house, which has another three beds and three-and-a-half baths, meaning Paltrow will have no trouble housing friends whenever she decides to host.

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With floor-to-ceiling windows, high ceilings, and arched doorways, the home has a vintage, palace-like feel. Outside, there's a long pool for swimming laps and 2.5 acres of yard space so that Paltrow's kiddos—Moses Martin, 10, and Apple Martin, 12—can stay active outside.

Wherever Paltrow goes, she tends to stay in some seriously stylish homes. The working mom just recently stopped off in Cannes, France, for the Cannes Lions Festival, where she stayed in this fancy, $40-million dollar home, courtesy of Airbnb. If her rental tastes are any indication, this is one renovation we're actually looking forward to. See inside Paltrow's upcoming-project in the photos below.

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Outside the Home

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From outside the gated entrance, it's clear a serene oasis awaits.

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The Courtyard

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The home's courtyard, with a fountain and scenic views, is purely picturesque.

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The Main Floor

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The home's interior, with an open concept floor plan and luxury finishes, is as elegant as they come.

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The Dining Area

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Dinner parties are a chic experience in this all-white dining room with blue accents throughout.

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The Home's Exterior

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The home's grand exterior, with columns and lush landscaping, hints at the luxury living experience inside.

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Arched Window Views

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This may be our favorite spot in this house. With an arched doorway and windows, this courtyard-facing space is the definition of serenity.

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The Pool

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The outdoor pool, surrounded by dreamy landscaping, is perfect for relaxing poolside and swiming laps.

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Gwyneth Paltrow Pays $4.9 Million for Santa Barbara "Fixer Upper"—See Inside