1500 Camino Rio Verde, Goleta, CA 93111, Goleta, 93111 - 4 bed, 3 bath
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Analysis of 1500 Camino Rio Verde, Goleta, CA 93111 is currently available with a list price of $5,950,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Goleta Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The listing describes a 'legacy' California ranch residence on a 126-acre agricultural estate. While the home is functional at 3,000 sq ft with a 3-car garage, the description focuses almost entirely on land value, views, and agricultural utility rather than interior finishes. The lack of mention regarding recent renovations or modern kitchen/bath upgrades suggests the structure is likely over 20 years old and dated, requiring cosmetic or system updates to align with the high list price.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 5488560, living area = 3000.
The property features 83 acres of mature Hass avocados, offering immediate agricultural income and significant tax advantages for the owner.
Situated near Santa Barbara Airport and urban amenities, this 126-acre ranch offers rare panoramic ocean, coastline, and mountain views from a single-level residence.
Managing a large-scale working ranch of 126 acres involves significant ongoing maintenance, labor costs, and specialized agricultural oversight.
The removal of 23 acres of lemon trees necessitates additional investment and planning to replant or repurpose the land to maximize its utility.
Rancho Del Ciervo | 126 Acres Exceptional in-town avocado ranch spanning 126 scenic acres with approximately 83 acres of mature Hass avocados offering agricultural income, tax advantages, and natural beauty. The single-level California ranch residence features 4 bedrooms, 3 bathrooms, approximately 3,000 sq ft, and a 3-car garage, all positioned to capture sweeping ocean, coastline, and mountain views. Ideally located near the Santa Barbara Airport, shopping, and dining, the property also includes expansive level land suitable for equestrian facilities, or additional agricultural uses. A rare opportunity to own a legacy coastal ranch combining privacy, productivity, and panoramic beauty. Property includes a 3000-sf utility barn with roll-up doors, meeting/lunch room, kitchen, and bathroom. Seller removed 23 acres of lemons -- land is ready to replant or use for other ag-related use. Irrigation in place.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 3,000 | 3,172 |
| Lot Size | 5,488,560 | 74,052 |
| Price | $5.95M | $2.60M |
| Price per sq ft | $2.0K | $821 |
| Built year | 0 | 1982 |
| HOA | $0 | $0 |
| Days on market | 127 | 27 |
May 5, 2026
$5,950,000
Initial Listing