1315 Virginia Road, MONTECITO, CA 93108, MONTECITO, 93108 - 4 bed, 2 bath
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MONTECITO, CA 93108
Analysis of 1315 Virginia Road, MONTECITO, CA 93108 is currently available with a list price of $5,100,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the MONTECITO Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
The property consists of two fully renovated, turnkey residences featuring modern kitchens with stainless steel appliances, updated bathrooms with contemporary tile work, and high-quality flooring throughout. The interiors boast recessed lighting, vaulted ceilings with exposed beams, and large glass doors leading to well-maintained outdoor living spaces, indicating a recent and extensive renovation with no deferred maintenance.
Situated just a 5-minute walk from Butterfly Beach and the Coral Casino, this property offers unparalleled access to Montecito's most iconic coastal amenities and the high-end dining of Coast Village Road.
The unique configuration of two separate, turnkey 2-bedroom homes on a single lot provides exceptional flexibility for multi-generational living, guest accommodations, or a high-yield investment strategy.
Both residences are currently operating as successful short-term rentals, offering a rare, move-in-ready opportunity for immediate cash flow in one of Southern California's most restricted and desirable rental markets.
With only one bathroom per two-bedroom residence, the layout may be perceived as a drawback for luxury buyers or groups accustomed to modern en-suite configurations.
Accommodating two separate dwellings on a 9,147-square-foot lot may limit private outdoor yard space and future expansion possibilities compared to traditional single-family estates in the area.
Perfectly positioned in Montecito's sought-after Lower Village, 1315 Virginia Road places you just moments from the best of coastal living. Just a 5-minute walk to the iconic Coral Casino and Butterfly Beach, the property also sits within easy reach of the renowned restaurants and shops on Coast Village Road. Set on a single lot, the property features two beautifully maintained, single-level residences, each offering 2 bedrooms and 1 bathroom. Thoughtfully arranged as separate living spaces, the homes provide flexibility for a variety of uses, whether as a primary residence with guest accommodations or a dual-living setup. Both homes are turnkey, in excellent condition and are currently operating as successful short-term rentals, presenting a rare opportunity for immediate income generation in one of Southern California's most desirable coastal communities. Whether you're seeking a flexible investment, a vacation retreat, or a primary residence with additional living space, 1315 Virginia Road captures the essence of Montecito's beachside lifestyle in an unbeatable Lower Village location.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 4.0 | 17% |
| Square foot | - | 3,601 | 7% |
| Lot Size | 9,147 | 40,075.199 | 14% |
| Price | $5.10M | $5.30M | 43% |
| Price per sq ft | $0 | $1.7K | 17% |
| Built year | 0 | 1980 | 2% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 238 | 1% |
Apr 14, 2026
$5,100,000
Initial Listing