1516 Monarch Drive, SANTA YNEZ, CA 93460, SANTA YNEZ, 93460 - 5 bed, 5 bath
ACTIVE$5,195,000$3,726/sqft
1516 Monarch Drive, SANTA YNEZ, CA 93460
5Beds
5Baths
3,726Sqft
223,898.406Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 223898, living area = 3726.
Top Cons:
Age of Original Construction: While beautifully updated, the main residence was originally built in 1972, which may lead to concerns about underlying infrastructure or require more extensive renovations in the future.
Compared to the nearby listings
Price:$5.20M vs avg $2.42M (+$2,770,000)86%
Size:3,726 sqft vs avg 2,856 sqft57%
Price/sqft:$1.4K vs avg $73686%
More Insights
Built in 1972 (54 years old).
Condition: Despite being built in 1972, the property has undergone extensive, high-quality renovations, particularly evident in the chef's kitchen with modern appliances (Sub-Zero, double ovens, pizza oven) and the luxurious, updated bathrooms featuring contemporary fixtures, tile work, and vanities. The interior boasts new wide plank flooring, recessed lighting, and a fresh, modern aesthetic throughout, indicating a recent and comprehensive overhaul that meets current quality standards.
Year Built
1972
Close
-
List price
$5.2M
Original List price
-
Price/Sqft
$1,394
HOA
$0
Days on market
-
Sold On
-
MLS number
25-1841
Home ConditionExcellent
Features
Excellent View:
Deck
Spa
Patio
View-
About this home
Tucked away on a rare cul-de-sac in coveted Happy Canyon, this enchanting 5.14-acre estate blends luxury, privacy, and country charm. The gated property features a beautifully updated main residence and guest house totaling approx. 3,700 sq ft, with curated gardens, specimen trees, a lavender field, and tranquil water features. Outdoor living shines with a covered patio, BBQ/bar, spa, and shower. Additional structures include a gym, art studio, and outdoor bar. Inside, enjoy an open-concept layout with a chef's kitchen, pizza oven, and elegant wine display. With equestrian facilities, potential vineyard, and a prime location near top wineries, this is Santa Ynez Valley living at its finest.
T
Tiffany Mills
Listing Agent
Nearby schools
/10
College Elementary School
Public,•K-8•3.3mi
7/10
Santa Ynez Elementary School
Public,•2-8•3.6mi
/10
Refugio High School
Public,•9-12•4.3mi
7/10
Santa Ynez Valley Union High School
Public,•9-12•4.3mi
Price History
Date
Event
Price
10/05/17
Sold
$2,525,000
12/04/13
Sold
$910,000
Condition Rating
Excellent
Despite being built in 1972, the property has undergone extensive, high-quality renovations, particularly evident in the chef's kitchen with modern appliances (Sub-Zero, double ovens, pizza oven) and the luxurious, updated bathrooms featuring contemporary fixtures, tile work, and vanities. The interior boasts new wide plank flooring, recessed lighting, and a fresh, modern aesthetic throughout, indicating a recent and comprehensive overhaul that meets current quality standards.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 223898, living area = 3726.
Expansive & Private Estate: Tucked away on a rare cul-de-sac in coveted Happy Canyon, this gated 5.14-acre estate offers exceptional privacy and a luxurious country charm.
Comprehensive Outdoor Living & Landscaping: The property boasts meticulously curated gardens, specimen trees, a lavender field, tranquil water features, a covered patio, BBQ/bar, spa, and shower, creating an unparalleled outdoor oasis.
Versatile Additional Structures: Beyond the main residence, the property includes a guest house, gym, art studio, and outdoor bar, providing ample space for guests, hobbies, and entertainment.
Equestrian & Agricultural Potential: Equipped with equestrian facilities and potential for a vineyard, this estate caters to a unique lifestyle and offers significant agricultural opportunities.
Updated Interior & Gourmet Kitchen: The beautifully updated main residence features an open-concept layout, a chef's kitchen with a pizza oven, and an elegant wine display, perfect for entertaining and modern living.
Cons
Age of Original Construction: While beautifully updated, the main residence was originally built in 1972, which may lead to concerns about underlying infrastructure or require more extensive renovations in the future.
High Price Point & Limited Buyer Pool: The substantial list price of $5,195,000 positions this property in a very exclusive market segment, potentially limiting the pool of prospective buyers.
Extensive Maintenance Requirements: The sprawling 5.14-acre estate with its elaborate gardens, equestrian facilities, and multiple structures will demand considerable ongoing maintenance, time, and financial investment from the owner.