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$4,520,000
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Property Description
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.
Full Property Details
Full Property Details for 1315 Virginia Rd
General
- Sold For: $4,520,000
- Status: Closed
- Type: Multi-Family
- Source: SBAOR
- MLS ID: 26-1192
- Added to Site: 182 day(s) ago
Location
- Area: 10 - MONTECITO
- County: Santa Barbara
- Cross Streets: Olive Mill Road
School Information
- Elementary School: Mont Union
- Middle School: S.B. Jr.
- High School: S.B. Sr.
Lot Features
- Lot Size (Acres): 0.21
- Lot Size (Sq. Ft.): 9,147
- Lot Size: 9147
- Zoning: R-2
Financial Considerations
- Terms: Cash
Disclosures and Reports
- Property ID: 009-311-016
Listed by Compass
Sold by Compass
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Schools
Schools serving 1315 Virginia Rd
School District:Montecito Union Elementary School District
| Name | Grades | Distance |
|---|---|---|
Montecito Union School 385 San Ysidro Rd., Santa Barbara, CA 93108 | K-6 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1315 Virginia Rd
Date
Details
Price
Change
Source
10/07/2026
Sold
$4,520,000
-7.74%
MLS
8/30/2026
Price Reduced
$4,899,000
-3.94%
MLS
4/14/2026
Listed
$5,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1315 Virginia Road, Montecito, CA 93108 (MLS# 26-1192) is a Multi-Family property that was sold at $4,520,000 on October 07, 2026. Want to learn more about 1315 Virginia Road? Do you have questions about finding other Multi-Family real estate for sale in Montecito? You can browse all Montecito real estate or contact a Coldwell Banker agent to request more information.

