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1516 Monarch Drive, Santa Ynez, CA 93460, Santa Ynez, 93460 - 5 bed, 5 bath

1516 Monarch Drive, Santa Ynez, CA 93460 home-pic-0
ACTIVE$4,999,000$3,726/sqft
1516 Monarch Drive, Santa Ynez, CA 93460
5Beds
5Baths
3,726Sqft
223,898Lot

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 exquisitely updated, the property was originally built in 1972, which may raise concerns for some buyers regarding underlying infrastructure or long-term maintenance compared to newer builds.

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 an exquisite and extensive renovation, as evidenced by the description and images. The chef's kitchen features top-of-the-line stainless steel appliances, modern white shaker cabinetry, stone countertops, and a unique wood-burning pizza oven, all appearing virtually new. Bathrooms are also fully updated with contemporary fixtures, glass-enclosed showers, soaking tubs, and stylish tiling. Throughout the main living areas, there is consistent, high-quality wood-look flooring, modern lighting, and fresh finishes. The addition of a newly built stand-alone gym further supports a recent, comprehensive upgrade, indicating all components meet current quality standards with no 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
25612443
Home ConditionExcellent
Features
Good View:
Deck
Spa
Patio
View-

About this home

There is no other property in the Santa Ynez Valley like this! This enchanting estate offers country living at its finest - tucked away, extremely private, and situated on a rare cul-de-sac in the highly desirable Happy Canyon, home to the region's premier vineyards. This extraordinary ranch combines natural beauty, refined comfort, and exclusive seclusion in one of the Santa Ynez Valley's most sought-after settings. Discover the charm of country living in this exquisitely updated estate, nestled behind a gated, tree-lined drive for ultimate privacy and tranquility. Every detail of the home and grounds has been thoughtfully curated, from the mature landscaping and blooming gardens to the meandering pathways, unique specimen trees, fragrant lavender field, bamboo meditation gardens and serene water featuresall designed to evoke a peaceful, inviting ambiance. The main residence and guest house together encompass approximately 3,700 square feet of warm and elegant living space, ideal for both relaxed daily living and stylish entertaining. The expansive outdoor area includes a covered patio with integrated lighting, a built-in BBQ, refrigerator, and barperfect for hosting gatherings in a picturesque setting. Indoor-outdoor living is enhanced by a spacious sundeck, spa, and outdoor shower. Additional structures on the property include a newly built stand-alone gym, an art studio, and an outdoor bar, offering versatile spaces for wellness, creativity, and entertaining. A bounty of estate-grown fruits and vegetables can be enjoyed from the raised garden beds and mature fruit trees. Inside, the sun-drenched home features an open-concept layout centered around a chef's kitchen outfitted with top-of-the-line appliances and a wood burning pizza oven. The kitchen seamlessly flows into a refined yet inviting family room and dining area, complete with an elegant wine display. High ceilings and abundant natural light create a sense of airy sophistication throughout. Set on approximately 5.14 acres in the coveted Rancho Estates community, the property also includes equestrian facilities including a barn, arena, and paddock, and/or the potential to cultivate your own boutique vineyard. With access to affordable water and its prime location near the acclaimed Happy Canyon wine region, this is an exceptional opportunity for wine enthusiasts and equestrians alike. Ideally located approximately 35 minutes from Santa Barbara and just minutes from downtown Santa Ynez and Los Olivos, this exceptional estate offers the perfect blend of luxury, privacy, and convenience in one of the Santa Ynez Valley's most exclusive enclaves.

J
Jade 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 an exquisite and extensive renovation, as evidenced by the description and images. The chef's kitchen features top-of-the-line stainless steel appliances, modern white shaker cabinetry, stone countertops, and a unique wood-burning pizza oven, all appearing virtually new. Bathrooms are also fully updated with contemporary fixtures, glass-enclosed showers, soaking tubs, and stylish tiling. Throughout the main living areas, there is consistent, high-quality wood-look flooring, modern lighting, and fresh finishes. The addition of a newly built stand-alone gym further supports a recent, comprehensive upgrade, indicating all components meet current quality standards with no 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.
Exceptional Privacy and Seclusion: The estate is tucked away on a rare cul-de-sac, behind a gated, tree-lined drive, offering ultimate privacy and tranquility in a highly desirable area.
Luxurious Amenities & Thoughtful Design: Exquisitely updated with curated details, including mature landscaping, meditation gardens, a chef's kitchen with top-of-the-line appliances and pizza oven, a stand-alone gym, and an art studio.
Versatile Estate Living: Features equestrian facilities (barn, arena, paddock) and potential for a boutique vineyard with access to affordable water, appealing to specific lifestyle buyers.
Prime Location in Wine Country: Situated in the coveted Happy Canyon, home to premier vineyards, offering a blend of luxury, privacy, and convenience near Santa Ynez, Los Olivos, and Santa Barbara.
Expansive Outdoor Entertainment: Boasts a covered patio with built-in BBQ and bar, a spacious sundeck, spa, outdoor shower, and estate-grown fruits and vegetables, ideal for indoor-outdoor living and entertaining.

Cons

Age of Original Construction: While exquisitely updated, the property was originally built in 1972, which may raise concerns for some buyers regarding underlying infrastructure or long-term maintenance compared to newer builds.
High Maintenance Demands: The extensive 5.14-acre grounds with mature landscaping, gardens, water features, and equestrian facilities imply significant ongoing maintenance and associated costs.
Niche Market Appeal: The specialized features like equestrian facilities and vineyard potential, while strengths for some, may narrow the potential buyer pool to a very specific demographic.
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