1516 Monarch Drive, SANTA YNEZ, CA 93460, SANTA YNEZ, 93460 - 5 bed, 5 bath
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SANTA YNEZ, CA 93460
This Turnkey Luxury Equestrian Estate is listed at $4,650,000, offering exceptional price stability at its $4,650,000 Fair Market Value. Boasting an Excellent Condition Rating following extensive high-end renovations, the 5.14-acre compound features a modern chef's kitchen with a pizza oven, a separate guest house, and professional equestrian facilities. Residents enjoy mountain and valley views alongside sustainable upgrades like fully owned solar panels. Located near top-rated schools including Santa Ynez Elementary, this private sanctuary is the premier choice for luxury lifestyle seekers or Owner-Occupants desiring a multi-generational retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 Monarch Drive Subject | $4,650,000* List Price | 5 | 5 | 3,726 | $1,248 | - |
A 5399 Baseline Avenue Active | $5,990,000 List Price | 4 | 5 | 4,271 | $1,402 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1972, the property has undergone extensive high-end renovations within the last 5 years, bringing it to current quality standards. The interior features a modern open-concept chef's kitchen, fully updated bathrooms with premium stone tiling and contemporary fixtures, wide-plank flooring, and recessed lighting throughout. The infrastructure is further enhanced by fully owned solar panels and meticulously maintained grounds, showing no signs of deferred maintenance.
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.
This 5.14-acre compound offers exceptional lifestyle versatility, featuring a guest house, dedicated gym, art studio, and equestrian facilities, providing a complete 'private resort' experience.
The property excels in outdoor entertainment with curated gardens, a lavender field, and a sophisticated alfresco suite including a BBQ bar, pizza oven, spa, and tranquil water features.
With 168 days on market and multiple price reductions, the property may be facing a challenge in aligning its premium valuation with current buyer demand in the Happy Canyon area.
The expansive 5-acre grounds, specimen trees, and numerous auxiliary structures require significant ongoing labor and financial investment to maintain the estate's pristine condition.
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 apx. 3,700 sq ft, with curated gardens, specimen trees, a lavender field, & tranquil water features. Outdoor living shines with a covered patio, BBQ/bar, spa, & shower. Additional structures include a gym, art studio, & outdoor bar. Inside, enjoy an open-concept layout with a chef's kitchen, pizza oven, & elegant wine display. With equestrian facilities, fully owned solar panels, potential vineyard, and a prime location near top wineries, this is Santa Ynez Valley living at its finest.
No exterior & parking available.
Grades K-8 • 3.3 mi
Grades 2-8 • 3.6 mi
Grades 9-12 • 4.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 3.5 | 90% |
| Baths | 5.0 | 3.0 | 90% |
| Square foot | 3,726 | 2,724 | 73% |
| Lot Size | 223,898.406 | 29,402.9 | 63% |
| Price | $4.65M | $2.05M | 97% |
| Price per sq ft | $1.2K | $679 | 93% |
| Built year | 1972 | 1981 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 175 | 201 | 30% |
Apr 15, 2026
$4,650,000
$4,750,000
-2% Price Drop
Initial Listing
Feb 21, 2026
$4,750,000
$4,999,000
-5% Price Drop
Initial Listing
Oct 29, 2025
$4,999,000
Initial Listing
Oct 5, 2017
$2,525,000
Public Record
Dec 4, 2013
$910,000
Public Record