
SANTA YNEZ, CA 93460
This Equestrian Value-Add Estate represents a High-Potential Investment Opportunity listed at $1,495,000—positioned below the $1,533,715 Fair Market Value by 2%. This entry point secures $38,715 in Instant Equity for buyers. While the home holds a Fair Condition Rating, the nearly one-acre flat lot includes a pool and spa, workshop, and barn. With a second driveway and usable acreage, there is significant ADU potential to maximize ROI. This is an ideal acquisition for Owner-Occupants or Value-Add Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3190 Samantha Drive Subject | $1,495,000* List Price | 3 | 3 | 2,520 | $609 | - |
A 3517 Sagunto Street Sold | $1,410,000 | 3 | 3 | 2,244 | $628 | 0.7 mi |
B 1129 Highland Road Active | $1,799,000 List Price | 3 | 2 | 2,522 | $713 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1976, the property is well-maintained and livable but shows clear signs of being outdated. While there are some updates, such as stainless steel appliances and hardwood flooring in certain areas, the kitchen retains dated tile countertops and 4x4 floor tiles. The bathrooms feature a mix of partial updates and older styles. The listing description itself notes the home is 'ready to be updated,' aligning with the 'fair' criteria of functional but aging components.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 38333, living area = 2520.
The flat, nearly one-acre lot includes a two-stall barn, fenced pasture, and a detached workshop, offering exceptional versatility for hobbyists or horse enthusiasts in the heart of Santa Ynez.
With a second driveway providing direct rear access and usable flat acreage, the property is perfectly positioned for the addition of an ADU or guest house to maximize the site's utility and value.
Built in 1976 and explicitly noted as ready to be updated, the home likely requires a significant capital investment for cosmetic and functional renovations to meet modern luxury standards.
Given the property's age and original features, buyers should anticipate the need for potential upgrades to major systems such as HVAC, roofing, or plumbing that may be nearing the end of their lifespan.
Graceful single-level living in the heart of Santa Ynez wine country. Set on a flat, nearly one-acre lot, this ~2,500 sq. ft. 3-bedroom + office, 3-bathroom home offers a rare combination of space, privacy, and versatility. The floor plan features a welcoming living room with wood-burning fireplace, a separate family room off the kitchen, and a spacious primary suite with a large en-suite bath, separate tub and shower, and walk-in closet. A secondary bedroom includes an en-suite bath and private exterior access--ideal for guests or extended living. Multiple sliding doors from the living room, kitchen, and primary suite provide seamless access to the backyard, wrapping around the pool and spa to create an easy indoor-outdoor flow. The backyard offers a peaceful, private setting... ...with a true oasis feel and provides room to expand or further enhance the outdoor living experience. The usable, nearly flat acreage offers excellent potential for a future second unit. A second driveway provides direct access to the rear of the property, creating flexibility for additional structures, storage, or multi-use living. Detached workshop, two-stall barn, turnouts, and fenced pasture add to the property's versatility. Located just over a mile from the town of Santa Ynez, home to several highly regarded restaurants, charming boutique shops, and local tasting rooms. A unique opportunity to create a multi-functional property in a highly desirable location--ready to be updated and maximized.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,520 | 2,688 | 30% |
| Lot Size | 38,333 | 29,402.9 | 53% |
| Price | $1.50M | $1.81M | 33% |
| Price per sq ft | $593 | $632 | 27% |
| Built year | 1976 | 1981 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 201 | 3% |
Apr 13, 2026
$1,495,000
Initial Listing
Aug 28, 1996
$365,000
Public Record