Welcome to 256 Butterfly Lane, a charming single-story ''Carmel Cottage'' tucked away in the highly sought-after Montecito's Lower Village. Set back comfortably from Butterfly Ln on a spacious .29 acre lot, this three-bedroom, two bathroom home with a beautiful great room, vaulted ceilings, fireplace and spectacular mountain views presents an incredible opportunity for updating or expanding. Landscaping includes historic gardens as former part of adjacent estate. Located in Montecito Union School District, this property is just a short stroll from Coast Village Rd, Butterfly Beach, the Biltmore and the Rosewood Miramar Resort. This is the first time this home has been available in decades!