2011 Foothill Road, CUYAMA, CA 93254, CUYAMA, 93254 - 4 bed, 2 bath
ACTIVE$5,950,000/sqft
2011 Foothill Road, CUYAMA, CA 93254
4Beds
2Baths
Sqft
Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Extensive Acreage: A sprawling 340-acre farm provides significant land for various agricultural or development opportunities, offering substantial long-term value.
Top Cons:
Niche Market Appeal: The primary focus on cannabis cultivation significantly narrows the potential buyer pool to specialized investors and operators, potentially impacting resale liquidity.
Compared to the nearby listings
Price:$5.95M vs avg $284.0K (+$5,666,000)75%
Size: sqft vs avg 1,230 sqft25%
Price/sqft:$0 vs avg $17525%
More Insights
Built in 1950 (76 years old).
Condition: The property was built in 1950, making the structures over 70 years old. The listing itself notes that the houses and outbuildings 'may require substantial renovation or modernization to meet current standards or preferences.' Without any interior images, especially of the kitchen and bathrooms, and given the explicit statement about needing substantial renovation, it's highly probable that these areas are significantly outdated and require major rehabilitation to be brought up to modern standards and comfort.
Year Built
1950
Close
-
List price
$5.95M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
26-136
Home ConditionPoor
Features
Good View:
Deck
View-
About this home
2011 Foothill Rd in Cuyama is a sprawling 340-acre farm in the heart of Santa Barbara County's ag country. Cuyama is a unique valley with a variety of crops in abundance. It contains the largest cannabis farms in the state and this site is no exception. 2011 Foothill has 95 acres dedicated to cannabis cultivation with a land use permit that allows hoop houses. The arid climate in Cuyama provides an ideal cannabis cultivation environment preventing powdery mildew and botrytis while the well-drained soils allow for rapid root developments for fast growth. The property features two houses and outbuildings perfect for the discerning owner or caretaker. Water and power onsite. With its vast acreage and prime location. 2011 Foothill Rd is a once-in-a-lifetime opportunity for a cannabis cultivator
J
Jamie Warm
Listing Agent
Price History
Date
Event
Price
07/27/23
Sold
$3,600,000
06/02/21
Sold
$2,200,000
05/19/17
Sold
$1,435,000
Condition Rating
Poor
The property was built in 1950, making the structures over 70 years old. The listing itself notes that the houses and outbuildings 'may require substantial renovation or modernization to meet current standards or preferences.' Without any interior images, especially of the kitchen and bathrooms, and given the explicit statement about needing substantial renovation, it's highly probable that these areas are significantly outdated and require major rehabilitation to be brought up to modern standards and comfort.
Pros & Cons
Pros
Extensive Acreage: A sprawling 340-acre farm provides significant land for various agricultural or development opportunities, offering substantial long-term value.
Established Cannabis Cultivation Infrastructure & Permits: 95 acres are dedicated to cannabis cultivation with an existing land use permit for hoop houses, offering immediate operational capability in a high-value crop.
Optimal Climate & Soil for Cannabis: The arid climate and well-drained soils in Cuyama are ideal for cannabis cultivation, preventing common issues like powdery mildew and promoting rapid plant growth.
Existing Residential & Utility Infrastructure: The property includes two houses, outbuildings, and existing water and power connections, providing essential facilities for operations and living quarters.
Strategic Agricultural Location: Situated in the heart of Santa Barbara County's agricultural country, known for diverse crops, offering potential for diversification beyond cannabis.
Cons
Niche Market Appeal: The primary focus on cannabis cultivation significantly narrows the potential buyer pool to specialized investors and operators, potentially impacting resale liquidity.
Age of Structures: Built in 1950, the two houses and outbuildings may require substantial renovation or modernization to meet current standards or preferences, incurring additional costs.
Regulatory & Market Volatility: The cannabis industry is subject to evolving regulations and market fluctuations, posing potential risks to long-term investment stability and profitability.