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.
Waterfront, located between Stearns Wharf and East Beach, is a coastal and resort-style Santa Barbara neighborhood with a working harbor and palm-lined promenades. The neighborhood’s character concentrates around the Santa Barbara Harbor entrance at Cabrillo Boulevard and Harbor Way, where seafood counters, charter docks, and bike traffic set a salt-air tempo. Low-slung hotels, marina buildings, and beach cottages share the streetscape with wide views of the Channel. The Santa Barbara Maritime Museum, Santa Barbara Yacht Club, and Brophy Bros. anchor local tradition. Shoreline Park and the Cabrillo Bike Path frame daily routines with oceanfront walks and rides. Sunsets and sail masts define the horizon line.
Provided by Walk Score and Local Logic
Market insights
1315 Virginia Rd · $5,100,000
DAYS ON MARKET
136 days
The average home goes pending in 36 days.
SALE-TO-LIST
99.1%
Most homes are selling 1% below list price.
LIST PRICE
$5,100,000
Median list price in this area is $1,039,647. (80% lower than this home)
PRICE DROP
0 price drops
19% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Two full bathrooms and two half bathrooms
Bathrooms
2 full bathrooms
2 half bathrooms
Home design
Home/Estate property
Zoned R-2
Two buildings on the property
Electricity and solar
View estimated energy costs and solar savings for this home
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
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Lot size
9,148 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
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Unfinished Sq. Ft.
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Total Sq. Ft.
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Year built
—
Style
Other
County
Santa Barbara County
APN
009311016
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
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Features
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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
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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52
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67
53
68
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59
74
62
74
62
72
58
67
53
67
52
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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
Redfin Estimate for 1315 Virginia Rd
$4,769,089
$331K under list price of $5.10M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $3.2M to $5.3M.