The present work was aimed to develop a new kind of stone conservation materials (TEOS/PDMS/F127 hybrid coating) by a facile sol–gel method for the protection of decayed sandstones of Chongqing Dazu stone sculptures in China. The hydrophobic property, surface morphology, water vapor permeability, ultraviolet aging resistance and mechanical properties were measured to evaluate the effectiveness of TEOS/PDMS/F127 hybrid coating as a stone conservation material. The results showed that the addition of hydroxyl-terminated polydimethylsiloxane (PDMS-OH) contributed to improve the hydrophobic properties and incorporation of PEO–PPO–PEO (F127) surfactant resulted in the formation of superficial protrusions with micro- and nanoscopic structures and overall alteration of surface morphology and roughness, thus preventing the coating materials from cracking. After treatment with TEOS/PDMS/F127 hybrid coating materials, the ultraviolet aging resistance and mechanical properties of stone were also improved without the obvious effects on the breathability and color of the stone, indicating promising applications of TEOS/PDMS/F127 hybrid coating materials for conservation of historic stone sculptures.