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7351 Happy Canyon Road, SANTA YNEZ, CA 93460, SANTA YNEZ, 93460 - 58 bed, 58 bath

7351 Happy Canyon Road, SANTA YNEZ, CA 93460 home-pic-0
ACTIVE$24,750,000/sqft
7351 Happy Canyon Road, SANTA YNEZ, CA 93460
58Beds
58Baths
Sqft
24,132,240Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Expansive Acreage & Natural Beauty: An iconic 554±-acre multi-parcel estate featuring diverse topography, rolling pastures, wooded canyons, ridge-line trails, and two private lakes, offering unparalleled natural beauty and privacy.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =24132240, other record lot size in square feet = 871200. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 58, other record bedroom count = 52.

Compared to the nearby listings

Price:$24.75M vs avg $2.42M (+$22,325,000)93%
Size: sqft vs avg 2,692 sqft21%
Price/sqft:$0 vs avg $66521%

More Insights

Built in 1971 (55 years old).
Condition: Built in 1971, this expansive estate has been meticulously maintained and boasts significant infrastructure. While the property is functional and well-preserved, the interiors, including the commercial-grade kitchen with its traditional cabinetry, terracotta-style flooring, and older appliances, along with the general aesthetic of the main lodge and roundhouse, clearly reflect its original era. The listing's own analysis notes that the 'Age of Core Structures' may necessitate 'substantial modernization or renovation to align with contemporary luxury standards.' This indicates that while the property is in good working order and has been regularly updated, it shows signs of being outdated and would require significant cosmetic updates to meet current design trends, placing it in the 'fair' category.
Year Built
1971
Close
-
List price
$24.75M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
24-3666
Home ConditionFair
Features
Excellent View:
Deck
Pool
Patio
View-

About this home

Welcome to Circle K Ranch—an iconic 554±-acre estate nestled in the heart of the Santa Ynez Valley. Rich in history, scale, and opportunity, this multi-parcel ranch is a legacy asset with unmatched infrastructure and natural beauty. Formerly known as the Double Arch Ranch, it was the vision of McDonald's founders Ray and Joan Kroc, who used the property as a corporate retreat and innovation hub. Gerald Kessler, founder of Nature's Plus Vitamins, continued its legacy as a private think tank, preserving its architectural soul while expanding its residential, recreational, and agricultural capabilities. The property spans rolling pastures, wooded canyons, and ridge-line trails with sweeping views of Happy Canyon, often referred to as the ''Montecito of wine country.'' Anchoring the ranch is the renowned 17,000±-sq ft Main Lodge with 25 en-suite double-occupancy rooms, a commercial-grade kitchen, a 3,000±-sq ft great hall, and a 5,200±-sq ft conference centerideal for large-scale events, retreats, or wellness programming. Prominently perched above it all, the iconic 5,200±-sq ft Round House, offers sweeping 360° views, a resort-style pool, circular drive, and unforgettable architectural character. Additional features include multiple guest residences, barns, equestrian infrastructure, a roundhouse estate with pool and circular driveway, a gymnasium, tennis courts, helicopter pad, library, internal road systems, and two lakes supported by a robust water portfolio including numerous wells and cisterns. The Ag-II zoning qualifies the property under the Santa Barbara Ag Enterprise Ordinance (AEO), opening the door for farmstays, camping, glamping, and on-site food service uses. Whether reimagined as a corporate retreat, regenerative wellness center, or lifestyle family compound, Circle K Ranch stands ready for its next steward. The ranch is also offered in two separate configurations: the Front Ranch (1750 Rambling Oaks, Santa Ynez CA - 204± acres) at 14,950,000 and the Back Ranch (1959 Rambling Oaks, Santa Ynez CA - 349± acres) at 9,950,000.

K
Kerry Mormann
Listing Agent
Condition Rating
Fair
Built in 1971, this expansive estate has been meticulously maintained and boasts significant infrastructure. While the property is functional and well-preserved, the interiors, including the commercial-grade kitchen with its traditional cabinetry, terracotta-style flooring, and older appliances, along with the general aesthetic of the main lodge and roundhouse, clearly reflect its original era. The listing's own analysis notes that the 'Age of Core Structures' may necessitate 'substantial modernization or renovation to align with contemporary luxury standards.' This indicates that while the property is in good working order and has been regularly updated, it shows signs of being outdated and would require significant cosmetic updates to meet current design trends, placing it in the 'fair' category.
Pros & Cons

Pros

Expansive Acreage & Natural Beauty: An iconic 554±-acre multi-parcel estate featuring diverse topography, rolling pastures, wooded canyons, ridge-line trails, and two private lakes, offering unparalleled natural beauty and privacy.
Unmatched Infrastructure & Amenities: Boasts a 17,000± sq ft Main Lodge with 25 en-suite rooms, commercial kitchen, and conference center, alongside a 5,200± sq ft Round House with 360° views, multiple guest residences, equestrian facilities, gymnasium, tennis courts, and a helicopter pad.
Versatile Use & Income Potential: Ag-II zoning under the Santa Barbara Ag Enterprise Ordinance allows for diverse uses such as farmstays, camping, glamping, and on-site food service, making it ideal for corporate retreats, wellness centers, or a grand family compound.
Prestigious History & Iconic Status: Rich in history, formerly owned by McDonald's founders Ray and Joan Kroc and Gerald Kessler, adding a unique legacy and significant appeal as a landmark property.
Prime Santa Ynez Valley Location: Nestled in the heart of the highly desirable Santa Ynez Valley, often referred to as the 'Montecito of wine country,' offering sweeping views of Happy Canyon.

Cons

MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =24132240, other record lot size in square feet = 871200. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 58, other record bedroom count = 52.
Exceedingly High Price Point: The substantial list price of $24.75 million significantly limits the potential buyer pool to ultra-high-net-worth individuals or large institutional investors.
Extensive Maintenance & Operational Costs: A property of this immense scale, with numerous structures and extensive amenities, will require significant ongoing investment in maintenance, staffing, and operational expenses.
Age of Core Structures: While well-maintained and preserving its 'architectural soul,' the 1971 construction date of the main structures may necessitate substantial modernization or renovation to align with contemporary luxury standards for some buyers.
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