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.
Single-familyProperty Type
9,147 sq ftLot Size
Listed by Tony Miller•DRE #01979251• Compass
Bought with Patrice Serrani•DRE #01764713• Compass
Bought with Maurie McGuire•DRE #01061042• Sotheby's International Realty
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.
SBMLS #94-1929
May 4, 1995
Sold
$250,000
Apr 27, 1995
Listing Removed
—
Jun 2, 1994
Listed
$295,000
ESTATE SALE W/OUT COURT CONFIRMATION.THIS IS THE BEST INVESTMENT PROPERTY FOR SALE IN MONTECITO.2 SEPARATE COTTAGES.SOLDIN ''AS IS'' CONDITION.RENTAL INCOME COULD TOTAL $2000/MO.CO- LISTED W/CHRIS PALME 7 STEPHEN BLACK.
Year
Property tax
Land + Additions
Assessment*
2025
$6,607 (+1.3%)
$256,982 + $171,314
$428,296
2024
$6,525 (+1.3%)
$251,944 + $167,955
$419,899
2023
$6,444 (+1.0%)
$247,004 + $164,662
$411,666
2022
$6,381 (+1.4%)
$242,161 + $161,434
$403,595
2021
$6,291 (+0.7%)
$237,413 + $158,269
$395,682
2020
$6,249 (+7.4%)
$232,758 + $155,166
$387,924
2019
$5,820 (+27.4%)
$230,372 + $153,575
$383,947
2018
$4,569 (−21.8%)
$225,855 + $120,450
$346,305
2017
$5,841 (+3.8%)
$217,086 + $144,718
$361,804
2016
$5,625 (+6.4%)
$217,086 + $144,718
$361,804
2015
$5,285 (+1.1%)
$212,830 + $141,881
$354,711
2014
$5,226 (+0.3%)
$205,528 + $137,013
$342,541
2013
$5,211 (+2.2%)
$205,528 + $137,013
$342,541
2012
$5,101 (+1.4%)
$204,600 + $136,394
$340,994
2011
$5,033 (+6.3%)
$200,589 + $133,720
$334,309
2009
$4,733 (+9.0%)
$195,187 + $130,120
$325,307
2008
$4,341
$191,815 + $127,873
$319,688
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
9,148 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Santa Barbara County
APN
009311016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 17, 2026.
7-R-2
HC
Two-Family Residential Zone
The R-2 zone is applied to areas appropriate for residential development in the form of two-family dwellings (duplexes) and to maintain a residential character similar to that of one-family neighborhoods. This zone is intended to ensure the compatibility of duplex development with surrounding multiple and one-family dwellings and neighborhoods.
Zone overlays
Highway 101 Corridor Overlay Zone
Permitted uses
Include but are not limited to:
Greenhouse / nursery
Community / recreation center
Housing-Single unit
Housing-Multiple units
Housing-Other
Waste transfer station
Lodging-Full service
Park & open space
Property details
Interior
Bathroom Information
# of Bathrooms (Full): 2
Exterior
Property Information
Property Sub Type: Home/Estate
Lot Information
Zoning: R-2
Location
School Information
Elementary School: Mont Union
Middle Or Junior School: S.B. Jr.
High School: S.B. Sr.
Location Information
Cross Street: Olive Mill Road
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 9,148 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Santa Barbara County
APN: 009311016
Home facts updated by county records on Aug 17, 2026
Around this home
Schools
Montecito Union School
Public K-6 • Assigned • 0.9mi
10/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 86° expected this year, 18 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
13 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Santa Barbara, CA • 93108
Average low and high temperatures (°F)
67
50
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68
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74
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74
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58
67
53
67
52
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May
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Estimated sale price
$2.15M – $2.60M
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