145 Butterfly Lane, Montecito, CA 93108, Montecito, 93108 - 6 bed, 6 bath

145 Butterfly Lane
Montecito, CA 93108
Property Price
SUMMARY
Analysis of 145 Butterfly Lane, Montecito, CA 93108 is currently available with a list price of $8,295,000. 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.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
This 1920s property has undergone an extensive, high-end renovation, rendering it a turnkey 'Montecito retreat.' The interior features modern wide-plank flooring, vaulted ceilings, and bi-fold doors for indoor-outdoor flow. The chef's kitchen is equipped with premium appliances, custom cabinetry, and marble countertops, while the bathrooms are spa-inspired with contemporary fixtures and finishes. All components appear virtually new, meeting the highest quality standards with no deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Coastal Location
Situated on the highly coveted Butterfly Lane, the property offers unparalleled proximity to Butterfly Beach and the upscale dining and shopping of Coast Village Road, while being located within the prestigious Montecito Union School District.
- Versatile Guest Accommodations
The detached two-bedroom, one-bath guest cottage with its own parking provides exceptional flexibility for hosting visitors, multi-generational living, or a quiet, professional home office environment.
- Seamless Indoor-Outdoor Flow
The home features a sophisticated open layout with bi-fold doors that lead to a private, low-maintenance backyard oasis equipped with a built-in BBQ, fire feature, and multiple lounging areas, perfect for year-round entertaining.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
With a lot size of approximately 0.29 acres, the property may feel compact for buyers expecting expansive estate grounds or large lawn areas typical of other high-end Montecito listings at this price point.
- High-Density Layout
Accommodating six bedrooms and multiple structures on a smaller parcel may result in a higher density feel, potentially limiting the sense of seclusion between the main residence and the guest cottage.
About 145 Butterfly Lane
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.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1920
- Lot Size
- 12,632 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 6 (6 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 90% |
| Baths | 6.0 | 5.0 | 75% |
| Square foot | 4,997 | 3,784 | 79% |
| Lot Size | 12,632 | 43,560 | 16% |
| Price | $8.29M | $5.49M | 73% |
| Price per sq ft | $1.7K | $1.6K | 50% |
| Built year | 1920 | 1973 | 6% |
| HOA | $0 | $0 | 50% |
| Days on market | 5 | 237 | 1% |
Pricing History
Listed for Sale
Mar 2, 2026
$8,295,000
Initial Listing

























































