
SOLVANG, CA 93463
This Mediterranean-style residence represents a High-Potential Investment Opportunity, listed at a List Price of $2,795,000—positioned well below the $2,926,727 Fair Market Value by 4%. This valuation gap provides $131,727 in Instant Equity. While the home maintains a Fair Condition Rating due to dated 1990s interiors, the massive 5-acre lot, panoramic mountain views, and resort-style pool and spa offer significant upside. This property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking to modernize a private, high-end estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1611 Fredensborg Way Subject | $2,730,000* List Price | 4 | 3 | 3,549 | $818 | - |
A 1631/1633 Fredensborg Way Active | $2,795,000 List Price | 5 | 4 | 3,462 | $807 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1994 (30 years old) and retains most of its original finishes. While the home is very well-maintained and functional, the kitchen and bathrooms are dated, featuring 1990s-style oak cabinetry, white tile countertops with grout lines, and older white appliances. Per the criteria, a home over 20 years old with dated interiors that require cosmetic updates falls into the Fair category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 217800, living area = 3549.
Situated at the end of a private lane on a massive 5-acre lot, the property offers exceptional seclusion and breathtaking panoramic views of Solvang and the surrounding mountain ranges.
The grounds are expertly designed for entertainment, featuring a private pool, spa, and a covered patio that provides a protected, high-end space for outdoor relaxation.
Built in 1994, the Mediterranean-style interior may require cosmetic updates to the kitchen and bathrooms to align with current luxury market trends and buyer preferences.
The three-car garage is detached from the main residence, which may be considered a convenience drawback for buyers who prefer direct, sheltered access to the home.
This Mediterranean-style home, tucked away at the end of a private lane in Fredensborg Canyon, offers breathtaking views of Solvang and the surrounding mountain ranges. This property exudes charm and elegance. Inside, the home features wood floors, along with formal living, dining, and family rooms. With three bedrooms, plus an optional bedroom or office space, the primary suite stands out with its expansive walk-in closet, luxurious bathroom, and private yard access. The outdoor space is designed for relaxation and entertainment, boasting a pool, spa, and a covered patio that provides both privacy and protection from the elements. A detached three-car garage offers ample storage, while additional parking for guests is available on the spacious concrete parking area.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 3,549 | 2,597 | 77% |
| Lot Size | 217,800 | 18,948.601 | 86% |
| Price | $2.73M | $1.71M | 77% |
| Price per sq ft | $769 | $715 | 64% |
| Built year | 1994 | 1987 | 77% |
| HOA | $0 | $0 | 50% |
| Days on market | 40 | 306 | 5% |
Jun 6, 2026
$2,730,000
$2,795,000
-2% Price Drop
Initial Listing
May 6, 2026
$2,795,000
Initial Listing
Apr 17, 2001
$1,150,000
Public Record
Feb 24, 2000
$825,000
Public Record