1315 Virginia Rd, Santa Barbara, CA, 93108
About 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.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 2
- 1/2 bathrooms: 2
Property
Details
- Parcel number: 009311016
- Zoning: R-2
Lot
- Lot size: 9,147 sqft
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Barbara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $25,788 | $309,456 |
| Home Insurance * | $592 | $7,104 |
| Property Taxes | $6,706 | $80,472 |
| Electricity | $398 | $4,786 |
| Total | $33,484 | $401,808 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-14 | Listed for sale | $5,100,000 |
| 2021-02-17 | Listing removed | -- |
| 2019-04-07 | Listing removed | $3,400 |
| 2019-03-06 | Listed for rent | $3,400 |
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