
SOLVANG, CA 93463
This Modern Income-Generating Estate is a Prime Investment Opportunity, listed at $2,290,000—positioned below the $2,339,551 Fair Market Value by 2%. This valuation gap offers $49,551 in Instant Equity. Boasting an Excellent Condition Rating, this 2023 construction includes a main residence and a private ADU currently generating $2,845 in monthly rental income. Featuring mountain views and a prime walkable location to downtown Solvang, this turnkey asset is perfect for Savvy Owner-Occupants or Multi-Generational Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1840 Old Mission Drive Subject 4 bd · 3 ba · 1,972 sqft · $1,186 | $2,290,000* List Price | 4 | 3 | 1,972 | $1,186 | - |
A 1850 Old Mission Drive Active 3 bd · 3 ba · 1,827 sqft · $1,253 · 0.0 mi | $2,290,000 List Price | 3 | 3 | 1,827 | $1,253 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property was built in 2023, making it nearly brand new and well within the 'Excellent' criteria. The interior features a modern open-concept kitchen with quartz countertops and stainless steel appliances, contemporary bathrooms with designer tile work, and updated systems including a mini-split HVAC. The home is in mint, move-in-ready condition with no maintenance required.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 9583, living area = 1972.
The property includes a private 1-bedroom, 1-bathroom ADU with its own entrance, currently generating $2,845/month in rental income, providing a significant financial offset.
Built in 2023, this home offers the benefits of contemporary design, energy efficiency, and a move-in-ready condition that avoids the immediate maintenance needs of older area homes.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =9583, other record lot size in square feet = 7840. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1972, other record living area = 1915.
At a list price of $2.29M for 1,972 square feet, the property sits at a premium valuation that may be a deterrent for buyers seeking more interior living space for the investment.
The laundry facilities are situated in the garage rather than a dedicated interior room, which may be viewed as a lack of convenience for a luxury-priced modern home.
A rare opportunity to own a newer construction home just moments from the heart of downtown Solvang. Built in 2023, this thoughtfully designed two-story property blends modern comfort, flexible living space, and an unbeatable in-town location. The main residence features 4 bedrooms and 2.5 bathrooms, highlighted by a bright, open-concept layout filled with natural light. The spacious kitchen offers ample cabinetry and generous counter space, flowing seamlessly into the living and dining areas--ideal for both everyday living and entertaining. The primary suite is conveniently located on the main (ground) level, offering comfort, privacy, and ease of access. Upstairs, additional bedrooms provide separation and flexibility for family, guests, or workspace needs. Laundry is conveniently located in the garage, maximizing interior living space while maintaining functionality. Adding exceptional versatility is the private 1-bedroom, 1-bath ADU with its own entrance, living space, and separate staircase access. Ideal for extended family, guests, a home office, or rental income (currently generating 2,845/month), this space significantly enhances the property's value and appeal. Located within walking distance to Solvang's renowned restaurants, charming boutiques, grocery stores, pharmacies, the hospital, and iconic Danish bakeries, this home offers exceptional convenience in the heart of the Santa Ynez Valley. Fresh, modern, and move-in ready, this nearly new home presents a unique opportunity to enjoy stylish in-town living with built-in flexibility and income potential.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.5 |
| Baths | 3.0 | 2.6 |
| Square foot | 1,972 | 2,497.125 |
| Lot Size | 9,583 | 51,400.875 |
| Price | $2.29M | $1.96M |
| Price per sq ft | $1.2K | $756 |
| Built year | 2023 | 1990 |
| HOA | $0 | $325 |
| Days on market | 179 | 70 |
Apr 28, 2026
$2,290,000
Initial Listing
Nov 2, 2016
$850,000
Public Record