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2000 N Refugio Road, SANTA YNEZ, CA 93460, SANTA YNEZ, 93460 - 3 bed, 4 bath

2000 N Refugio Road, SANTA YNEZ, CA 93460 home-pic-0
ACTIVE$2,995,000$4,528/sqft
2000 N Refugio Road, SANTA YNEZ, CA 93460
3Beds
4Baths
4,528Sqft
451,717.188Lot

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 = 451717, living area = 4528.
Top Cons:
Main Residence Requires Renovation Completion: While offering customization, the main residence is not move-in ready, requiring the buyer to oversee or complete the ongoing renovation, which entails additional time, cost, and effort post-purchase.

Compared to the nearby listings

Price:$3.00M vs avg $2.42M (+$570,000)64%
Size:4,528 sqft vs avg 2,856 sqft71%
Price/sqft:$661 vs avg $69550%

More Insights

Built in 1942 (84 years old).
Condition: The main residence is explicitly stated as 'currently undergoing a full renovation' and images confirm it is a construction site with unfinished floors (plywood), walls, and partially installed fixtures in the kitchen and bathrooms. While new components are visible, the property is not move-in ready and is unlivable in its current state, requiring the buyer to complete the substantial rehabilitation.
Year Built
1942
Close
-
List price
$3M
Original List price
-
Price/Sqft
$661
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3862
Home ConditionPoor
Features
Excellent View:
Deck
View-

About this home

Felicity Farm - Equestrian Farm in the Santa Ynez Valley Nestled at the end of a private, gated drive and set on over 10 level acres, Felicity Farm offers the ultimate in country living with panoramic mountain views, expansive equestrian facilities, and versatile living spaces The main residence spans approximately 4,500 square feet, featuring 3 bedrooms and 4 baths. The interior is currently undergoing a full renovation, offering a unique opportunity to customize and create your dream home in the heart of wine country. Highlights include a media room, a basement, and an attached 3-car garage for added functionality and storage. A fully integrated 2-bedroom, 1-bath guest quarters provides comfort and privacy for guests or extended family. Equestrian amenities are designed to meet the needs of both amateur and professional horse enthusiasts. Facilities include a 12-stall barn, multiple fenced pastures, a covered round pen, arena, four wash stations, and a large equipment/storage barnall thoughtfully laid out for efficiency and ease of use. In addition to the main house and guest quarters, the property features two manufactured homes, ideal for staff housing, rental income, or additional guest accommodations. This rare offering combines the tranquility of a private country retreat with the functionality of a working horse property, just minutes from the charming towns and vineyards of the Santa Ynez Valley.

G
Glynnis Mullenary
Listing Agent
Condition Rating
Poor
The main residence is explicitly stated as 'currently undergoing a full renovation' and images confirm it is a construction site with unfinished floors (plywood), walls, and partially installed fixtures in the kitchen and bathrooms. While new components are visible, the property is not move-in ready and is unlivable in its current state, requiring the buyer to complete the substantial rehabilitation.
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 = 451717, living area = 4528.
Extensive Equestrian Facilities: The property boasts a 12-stall barn, multiple fenced pastures, a covered round pen, arena, four wash stations, and a large equipment/storage barn, catering comprehensively to serious equestrian needs.
Generous Acreage & Secluded Setting: Spanning over 10 level acres with a private, gated drive, Felicity Farm offers unparalleled tranquility, privacy, and ample space for various activities and country living.
Versatile Multi-Generational Living & Income Potential: Includes a main residence, a fully integrated 2-bedroom guest quarters, and two additional manufactured homes, providing flexible options for extended family, staff housing, or rental income.
Opportunity for Customization of Main Residence: The main residence is currently undergoing a full renovation, presenting a unique chance for the new owner to personalize finishes and design to their exact specifications and create a dream home.
Prime Santa Ynez Valley Location with Panoramic Views: Situated in the heart of wine country, minutes from charming towns and vineyards, the property offers a desirable lifestyle complemented by panoramic mountain views.

Cons

Main Residence Requires Renovation Completion: While offering customization, the main residence is not move-in ready, requiring the buyer to oversee or complete the ongoing renovation, which entails additional time, cost, and effort post-purchase.
Original Construction Year (1942): The main residence's original build year of 1942 suggests potential for older infrastructure or systems in un-renovated areas, which may require future attention or significant upgrades beyond the current scope.
Presence of Manufactured Homes: The inclusion of two manufactured homes, while functional for staff or rental, may not align with all buyers' preferences for a luxury estate and could impact perceived long-term value or financing options for some.
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