275 Butterfly Lane, Santa Barbara, CA 93108, Santa Barbara, 93108 - 4 bed, 6 bath
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275 Butterfly Lane
Santa Barbara, CA 93108
ACTIVE
CONDITION: EXCELLENT
4Beds
6Baths
3,883Sq Ft
23,087Lot Size
Property Price
LIST PRICE$8,275,000
EST. MARKET VALUE
$7,940,659
4% AboveMARKET VALUE
SUMMARY
This Stunning Move-In Ready Home represents a premium lifestyle acquisition, listed at $8,275,000, which sits slightly above the $7,940,660 Fair Market Value. While the price reflects the prestige of its location, the property offers an Excellent Condition Rating following a comprehensive, high-end renovation. Featuring a 23,087 sqft lot, a modern chef's kitchen, and expansive deck and patio spaces, this residence provides a turnkey sanctuary near Butterfly Beach. It is an ideal match for Luxury Homebuyers or Owner-Occupants seeking architectural elegance in Montecito.
Estimated Market Value
$7,940,659
Based on Realkey algorithm analyzing recent comparable sales in Santa Barbara.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 275 Butterfly Lane Subject 4 bd · 6 ba · 3,883 sqft · $2,045 | $8,275,000* List Price | 4 | 6 | 3,883 | $2,045 | - |
A 1424 La Vereda Lane Active 3 bd · 4 ba · 3,829 sqft · $1,827 · 0.7 mi | $6,995,000 List Price | 3 | 4 | 3,829 | $1,827 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1925, the property has undergone a high-end, comprehensive renovation within the last 5 years. The kitchen features modern cabinetry, premium appliances, and designer finishes, while the bathrooms showcase mint-condition marble and contemporary fixtures. The overall condition is move-in ready with no visible maintenance needs.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 23087, living area = 3883.
- Prestigious Location
Situated on the highly coveted Butterfly Lane, this property offers an elite Montecito lifestyle within walking distance to Butterfly Beach and the Four Seasons Biltmore.
- Historic Architectural Charm
Built in 1925, this residence embodies classic Santa Barbara elegance, offering timeless character and architectural integrity that is rare in the modern market.
CONSRISKS & DEFICIENCIES
- High Price per Square Foot
At a listing price of approximately $2,131 per square foot, the property sits at a very high valuation that may challenge appraisal comparisons even for the Montecito area.
- Vintage Infrastructure
Given the home's 1925 construction date, buyers should anticipate potential needs for significant capital improvements to modernize systems and meet current building standards.
About 275 Butterfly Lane
Exceptional opportunity in Santa Barbara. This spacious residence offers a versatile layout ideal for modern living. Situated on a quiet street in a highly desirable area.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1925
- Lot Size
- 23,087 Sq. Ft.
Interior
- Total Bedrooms
- 4
- 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 |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 6.0 | 3.2 |
| Square foot | 3,883 | 2,768.185 |
| Lot Size | 23,087 | 20,827.852 |
| Price | $8.28M | $4.30M |
| Price per sq ft | $2.1K | $1.6K |
| Built year | 1925 | 1959 |
| HOA | $0 | $3.2K |
| Days on market | 3 | 89 |
Pricing History
Listed for Sale
Oct 21, 2026
$8,275,000
Initial Listing
Sold
Apr 16, 2009
$1,504,000
Public Record
Sold
Jul 21, 1995
$537,000
Public Record