350 N Refugio Road, Santa Ynez, CA 93460, Santa Ynez, 93460 - 3 bed, 2 bath

350 N Refugio Road, Santa Ynez, CA 93460 home-pic-0

350 N Refugio Road

Santa Ynez, CA 93460

ACTIVE
CONDITION: FAIR
3Beds
2Baths
2,207Sq Ft
2,830,093Lot Size

Property Price

LIST PRICE$4,750,000

SUMMARY

Analysis of 350 N Refugio Road, Santa Ynez, CA 93460 is currently available with a list price of $4,750,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Santa Ynez Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.

Condition Analysis

OVERALL CONDITION SCORE

Fair
TeardownExcellent

Property is moderate renovation needed.

The property was built in 1982, making it over 40 years old. While the interior appears well-maintained, the kitchen features dated oak cabinets and countertops, though some appliances are newer stainless steel. Bathrooms also show older vanities and fixtures, with some minor updates like tiled shower surrounds. The overall aesthetic is aged and functional but would benefit from cosmetic updates to meet current styles, aligning with the 'fair' condition criteria.

PROSSTRENGTHS & OPPORTUNITIES

  • 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 = 2830093, living area = 2207.

  • Vast Development Potential

    This 65-acre ranch, with 50 acres of fertile farmland, offers immense potential for developing a world-class vineyard, equestrian facility, or other agricultural ventures.

  • Exceptional Water Resources

    The property boasts plentiful district water, including a 4-inch agricultural meter and a 1-inch estate meter, crucial for supporting large-scale farming or livestock.

CONSRISKS & DEFICIENCIES

  • Modest Existing Residence

    The 1982-built, 2,207 sq ft home, while functional, may be considered modest in size and age for a 65-acre estate at this price point, potentially requiring significant upgrades or replacement to match the property's overall value.

  • Substantial Development Investment Required

    Realizing the full potential of the land, such as establishing a vineyard or equestrian facility, will necessitate significant additional capital investment and planning beyond the initial purchase.

  • High Maintenance & Operational Demands

    Managing a 65-acre property with agricultural potential and extensive water resources implies considerable ongoing maintenance, labor, and operational costs for the owner.

About 350 N Refugio Road

Dreaming of building your own rural retreat far from the stresses of city living? This stunning 65-acre ranch in the heart of Santa Ynez Valley offers endless possibilities! Whether you envision a world-class vineyard, an equestrian paradise, or a secluded country sanctuary, there's plenty of room to bring any project to life. With panoramic mountain views and the lushly wooded Zanja de Cota Creek bordering the grounds, nature's beauty embraces you at every turn. Overlooking this remarkable estate sits a delightful 3-bedroom, 2-bath abode, spanning approximately 2,200 sq ft. Designed for comfort and functionality, it provides a peaceful haven with ample space for gatherings or quiet moments to soak in the surrounding landscape. Fifty acres of fertile farmland present a rare opportunity for numerous uses. Develop your own grape varietals, honey, olive oil, or other natural products in one of California's most celebrated wine regions. Horse enthusiasts will appreciate the open pastures, ideal for riding, training, or creating a premier stabling facility. Zoned AG-2 and benefiting from the Williamson Act/Ag Preserve, enjoy reduced property taxes alongside its exceptional agrarian potential. Water resources are plentiful, featuring district water with two meters, a 4-inch agricultural meter, and a 1-inch estate meter supporting large-scale farming or livestock. Situated near artisanal wineries, boutique shopping, and renowned restaurants.

Property Details

Public Facts

Property Type
Single Family Residence
Year Built
1982
Lot Size
2,830,093 Sq. Ft.

Interior

Total Bedrooms
3
Total Bathrooms
2 (2 Full, 0 Half)

Exterior & Parking

No exterior & parking available.

Utilities & Misc

HOA Fee
$0 / Month

Neighborhood Insights

Sensitive Facilities

No sensitive facilities data found.

Neighborhood Comparison

FeatureSubjectAverage HomeNeighborhood Ranking (50 Listings)
Beds3.03.0
50%
Baths2.03.0
23%
Square foot2,2072,958
27%
Lot Size2,830,093204,732.203
96%
Price$4.75M$2.17M
96%
Price per sq ft$2.2K$625
96%
Built year19821988
31%
HOA$0$0
50%
Days on market935219
81%

Pricing History

Listed for Sale

Aug 15, 2023

$4,750,000

Initial Listing

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