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Montecito, CA

$7,450,000

145 Butterfly Lane, Montecito, CA
6
Beds
6
Baths
4,997
Sq Ft
1920
Built
137
Days listed

About this home

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.

Facts & features

Interior
Bedrooms
6
Bathrooms
5 full, 1 half
Living area
4,997 sq ft
Interior features
Walk In Closets
Appliances
Barbecue, Dishwasher, Refrigerator, Water Purifier, Dryer, Washer
Flooring
Wood
Fireplace
Living Room
Heating
Forced Air
Cooling
Central Air
Laundry
Laundry Room
Levels
Multi Split
Spa
None
Exterior & lot
Lot size
0.29 acres (12,632 sq ft)
Pool
None
View
Mountains
Architectural style
Traditional
Year built
1920
Parking
Door Multi, Driveway, Garage
Parking spaces
5
Community
Area
MCTO - Montecito
County
Santa Barbara
Listing details
Status
Active
Property type
Single Family Residence
Days on market
137
Listed
2026-03-02
Original price
$8,295,000
Parcel #
009221001
MLS #
26655027
Listed by
Eric Haskell · The Agency

Location

Price history

Listed
$8,295,000 · 2026-03-02
Price reduced
$7,450,000 (−$845,000)
Days on market
137
Current price
$7,450,000
Financing

Could this home be yours?

Estimated monthly payment
$46,735
$37,671 principal & interest · $9,064 taxes & insurance
$1,490,000
Estimate only
Loan $5,960,000

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Estimated value range nearby
$8,199,176$9,625,119

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Listing data provided by CRMLS

Listing courtesy of The Agency. © 2026. The multiple listing data appearing on this website is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. All data, including but not limited to all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed. Last updated July 26, 2026 Equal Housing Opportunity.

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