Nestled behind the gates of prestigious Coto de Caza, this beautifully updated Spanish-inspired residence offers a rare opportunity to own one of the community's most versatile Montecito floor plans. Located within an intimate enclave of just 88 homes, this exceptional property features the highly sought-after dual primary suite design along with an original builder option to create a true fourth bedroom, offering flexibility rarely found in today's market. With the original builder option for a fourth bedroom, this home offers a level of flexibility not found in many competing three-bedroom homes. A charming front courtyard welcomes you into a light-filled interior featuring neutral luxury vinyl flooring, crown molding, custom built-ins, designer finishes, and elegant leaded glass accents. The gourmet center-island kitchen is beautifully appointed with natural maple cabinetry, Verde granite countertops with a full-height backsplash, Viking appliances, Bosch dishwasher, double ovens, a wine refrigerator, and generous prep space. The thoughtfully designed floor plan offers exceptional flexibility for a variety of lifestyles. Upstairs, two spacious primary suites each enjoy their own private bath-an exceptionally rare feature unique to this Montecito floor plan. In addition, the oversized front upstairs bedroom was originally offered by the builder as an optional fourth bedroom, providing future owners the opportunity to create a true four-bedroom layout if desired. Every bedroom enjoys ensuite or adjacent bath access, while a separate powder room conveniently serves guests. Designed for effortless Southern California living, the inviting family room with a custom entertainment center and fireplace opens seamlessly to the beautifully landscaped backyard featuring a covered patio, tranquil courtyard fountain, artificial turf, accent lighting, and spectacular sunset views-creating the perfect setting for entertaining or simply relaxing. Recent improvements include fully paid solar, newer HVAC, tankless water heater, water softener, Trex balcony decking, upgraded luxury vinyl flooring, water softener, and an upstairs laundry room with the washer and dryer included. Residents enjoy the exceptional Coto de Caza lifestyle with guard-gated security, miles of hiking, biking and equestrian trails, championship golf, tennis, pickleball, and the renowned Coto de Caza Golf & Racquet Club.