Siteline | Must-See Condo: The Best Bargain on Butterfly Beach

A notable new listing—A gorgeously renovated 2nd & 3rd floor townhouse steps from the beach, with two bedrooms and three baths, has come back on the market with a price drop to $3,950,000. This modernized end-unit property at Bonnymede, boasting two floors opening onto terraces with fantastic South and West-facing views, is now the best bargain on Butterfly/Hammonds beaches. A ground-floor property next door—with a third bedroom but no views—just closed at $5 million. Single-family homes on the beach start at $10 million. This one should go quickly.

The all-electric property features floor-to-ceiling windows, spacious spa-like marble baths, new light French oak flooring, radiant heat, and a newly renovated kitchen with Viking appliances and a sought-after induction cooktop. The present owners have also added a wet bar, a breathtaking fireplace wall of rustic local stone, full-sized Bosch washer and dryer appliances, and custom designed closets throughout. While the condo itself sits “high and dry” during any inclement weather, there’s also a basement-level shared garage with a laundry and private space for two cars (charging for electric vehicles is available)—and three separate storage units. The private, locked basement storage area enjoys perfect temperatures for wine.

The property is at guarded-gated Bonnymede Shores, a mid-century modern masterpiece featuring just 113 condos on more than eleven acres of gardens. It’s located just two blocks from all the pleasures of Montecito’s Coast Village Road and a short stroll to dine at the Coral Casino or the Miramar Hotel, and concerts at the Music Academy. Besides the pool, tennis courts, and a community room for entertaining, there’s an expansive deck at the oceanfront that condo owners can reserve for private parties. The gardens and “breezeways” between the buildings are being modernized with architect-designed benches and drought-tolerant gardens. Plus a citrus orchard and a huge rose garden—both of which owners are invited to pick regularly.