145 Butterfly Lane, MONTECITO, CA 93108, MONTECITO, 93108 - 6 bed, 6 bath
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MONTECITO, CA 93108
This Exquisite Montecito Coastal Retreat is listed at $7,895,000, representing a stable acquisition aligned with its $7,783,481 Fair Market Value. Boasting an Excellent Condition Rating, the residence features a remodeled chef's kitchen with marble countertops, vaulted ceilings, and a detached 2-bedroom guest cottage. The property offers a seamless indoor-outdoor lifestyle with a private patio and built-in BBQ, all situated within the prestigious Montecito Union School District. Located moments from Butterfly Beach, this turnkey sanctuary is an ideal match for luxury owner-occupants or families seeking a sophisticated coastal lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 145 Butterfly Lane Subject | $7,895,000* List Price | 6 | 6 | 4,105 | $1,896 | - |
A 1383 School House Road Sold | $5,800,000 | 4 | 3 | 2,926 | $1,982 | 0.8 mi |
B 1103 Camino Viejo Road Sold | $6,400,000 | 4 | 5 | 2,752 | $2,326 | 0.7 mi |
C 1151 Glenview Road Active | $6,498,000 List Price | 4 | 6 | 3,838 | $1,693 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone an extensive, high-end professional renovation that presents in turnkey, like-new condition. The interior features a chef's kitchen with premium appliances, custom cabinetry, and marble countertops, alongside spa-inspired bathrooms with contemporary fixtures. High-quality finishes such as wide-plank wood flooring, vaulted ceilings, and bi-fold doors for indoor-outdoor flow are present throughout. While originally built in 1920, the recent comprehensive updates to the aesthetic and functional components meet the criteria for an excellent rating.
Situated on the highly coveted Butterfly Lane, the property offers unparalleled access to Butterfly Beach and the high-end boutiques and dining of Coast Village Road, while being located in the prestigious Montecito Union School District.
The detached 2-bedroom, 1-bath guest cottage with its own parking provides significant value, offering a private retreat for visitors, multi-generational living, or a sophisticated work-from-home environment.
The residence features a high-end modern aesthetic with vaulted ceilings, marble countertops, and bi-fold doors that create a seamless indoor-outdoor flow, making it move-in ready for the discerning buyer.
The 'low-maintenance' backyard, while private and well-appointed, may lack the expansive lawn or swimming pool typically expected by buyers at the $7.8M+ price point in Montecito.
Despite the extensive aesthetic remodel, the 1920 original build date may present underlying structural or utility limitations inherent to older properties compared to modern ground-up constructions.
Perfectly positioned on coveted Butterfly Lane just moments from Coast Village Road and Butterfly Beach, this beautifully remodeled Montecito retreat captures the essence of relaxed coastal living. The main residence offers 4 bedrooms and 4.5 baths in a light-filled, open layout designed for effortless indoor-outdoor flow. Vaulted ceilings, wide-plank floors, and refined finishes create a warm, modern aesthetic throughout. The spacious primary suite features dual walk-in closets and a spa-inspired bath with soaking tub and walk-in shower. A generous media/game room with built-in bar adds flexible living space ideal for entertaining. The chef's kitchen, complete with marble countertops, custom cabinetry, and premium appliances, opens seamlessly to the outdoor entertaining areas. Bi-fold doors lead to a private, low-maintenance backyard oasis with lush yet easy-care landscaping, built-in BBQ kitchen, dining terrace, fire feature, and multiple lounging spaces--perfect for year-round gatherings. A detached 2-bedroom, 1-bath guest cottage with its own parking provides a private retreat for visitors, extended family, or additional work-from-home flexibility. Set behind mature greenery for exceptional privacy, yet just a block from Montecito's most desirable destinations, this turnkey property offers the ideal blend of sophistication, comfort, and location. Located within the highly sought-after Montecito Union School District.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 90% |
| Baths | 6.0 | 4.0 | 80% |
| Square foot | 4,105 | 3,624 | 65% |
| Lot Size | - | 39,639.6 | 12% |
| Price | $7.89M | $5.31M | 71% |
| Price per sq ft | $1.9K | $1.7K | 61% |
| Built year | 1920 | 1977 | 5% |
| HOA | $0 | $0 | 50% |
| Days on market | 46 | 234 | 2% |
Mar 24, 2026
$7,895,000
$8,295,000
-5% Price Drop
Initial Listing
Mar 2, 2026
$8,295,000
Initial Listing