1516 Monarch Drive, SANTA YNEZ, CA 93460, SANTA YNEZ, 93460 - 5 bed, 5 bath
ACTIVE$4,999,000$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 updated, the main residence was built in 1972, which may raise concerns for some buyers regarding the age of underlying infrastructure (e.g., plumbing, electrical) not explicitly mentioned as updated.
Compared to the nearby listings
Price:$5.00M vs avg $2.42M (+$2,574,000)86%
Size:3,726 sqft vs avg 2,856 sqft57%
Price/sqft:$1.3K 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, as evidenced by the 'beautifully updated main residence' description and the images. The kitchen features modern white shaker cabinets, high-end stainless steel appliances, a large island, and a unique pizza oven. Bathrooms are fully updated with contemporary fixtures, tiling, glass-enclosed showers, and a soaking tub. The flooring is new wood-look, and lighting is modern throughout, presenting a virtually new interior that meets current quality standards with no visible deferred maintenance.
Year Built
1972
Close
-
List price
$5M
Original List price
-
Price/Sqft
$1,342
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3984
Home ConditionExcellent
Features
Good 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, as evidenced by the 'beautifully updated main residence' description and the images. The kitchen features modern white shaker cabinets, high-end stainless steel appliances, a large island, and a unique pizza oven. Bathrooms are fully updated with contemporary fixtures, tiling, glass-enclosed showers, and a soaking tub. The flooring is new wood-look, and lighting is modern throughout, presenting a virtually new interior that meets current quality standards with no visible deferred maintenance.
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.
Luxury Estate & Privacy: A gated 5.14-acre estate located on a rare cul-de-sac in the coveted Happy Canyon, offering unparalleled privacy, luxury, and country charm.
Extensive Amenities & Structures: Features include a beautifully updated main residence, a separate guest house, gym, art studio, outdoor bar, covered patio, BBQ/bar, spa, and shower, providing a resort-like living experience.
High-End Interior & Updates: The main residence boasts a beautifully updated interior with an open-concept layout, a chef's kitchen, pizza oven, and an elegant wine display, catering to sophisticated tastes.
Equestrian & Agricultural Potential: Equipped with equestrian facilities and the potential for a vineyard, appealing to buyers seeking a specific luxury lifestyle or agricultural pursuits in the Santa Ynez Valley.
Prime Location: Situated in the desirable Happy Canyon, known for its proximity to top wineries and embodying the quintessential Santa Ynez Valley lifestyle.
Cons
Age of Original Construction: While updated, the main residence was built in 1972, which may raise concerns for some buyers regarding the age of underlying infrastructure (e.g., plumbing, electrical) not explicitly mentioned as updated.
High Ongoing Maintenance: The expansive 5.14-acre grounds, curated gardens, water features, and multiple structures (guest house, gym, art studio) will require significant ongoing maintenance, time, and financial investment from the owner.
Limited Buyer Pool: The nearly $5 million asking price, while justified by the property's features, inherently targets a very specific and limited buyer demographic, which could potentially extend the market time.