You can also try this:
Python 2.x:
python -c "import sys; print '\n'.join(sys.path)"
Python 3.x:
python3 -c "import sys; print('\n'.join(sys.path))"
The output will be more readable and clean, like so:
/System/Library/Frameworks/Python.framework/Versions/2.7/lib/python27.zip /System/Library/Frameworks/Python.framework/Versions/2.7/lib/python2.7 /System/Library/Frameworks/Python.framework/Versions/2.7/lib/python2.7/plat-darwin /System/Library/Frameworks/Python.framework/Versions/2.7/lib/python2.7/plat-mac /System/Library/Frameworks/Python.framework/Versions/2.7/lib/python2.7/plat-mac/lib-scriptpackages /System/Library/Frameworks/Python.framework/Versions/2.7/lib/python2.7/lib-tk /System/Library/Frameworks/Python.framework/Versions/2.7/lib/python2.7/lib-old /System/Library/Frameworks/Python.framework/Versions/2.7/lib/python2.7/lib-dynload /Library/Python/2.7/site-packages /System/Library/Frameworks/Python.framework/Versions/2.7/Extras/lib/python /System/Library/Frameworks/Python.framework/Versions/2.7/Extras/lib/python/PyObjC