801 E Highway 246, SOLVANG, CA 93463, SOLVANG, 93463 - 4 bed, 3 bath
ACTIVE$8,895,000/sqft
801 E Highway 246, SOLVANG, CA 93463
4Beds
3Baths
Sqft
5,445,000Lot
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 = 2252487, living area = 2151.
Top Cons:
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5445000, other record lot size in square feet = 2252487.
Compared to the nearby listings
Price:$8.89M vs avg $1.76M (+$7,135,000)96%
Size: sqft vs avg 1,860 sqft30%
Price/sqft:$0 vs avg $73130%
More Insights
Built in 1977 (49 years old).
Condition: The residential structure was built in 1977, making it 47 years old. While the overall property features extensive and newly constructed equestrian facilities, there are no interior images or descriptions of the 4-bedroom manager's residence. Given its age and the absence of any mentioned renovations to the living spaces, it is highly probable that the kitchen and bathrooms retain their original or very dated styles and features, requiring substantial rehabilitation and updates to meet current quality standards and buyer expectations.
Year Built
1977
Close
-
List price
$8.89M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
25-3021
Home ConditionPoor
Features
Excellent View:
View-
About this home
Spanning approximately 125 acres across three parcels, this exceptional property offers extensive equestrian facilities and vineyards. Highlights include a newly constructed training track, a 24-stall barn, a 28-stall barn, and a fully equipped breeding complex with a breeding barn, veterinary lab, offices, a 6-stall stallion area, and a 6-stall foaling area. Additional amenities include a four-bedroom managers residence, an arena, a round pen, equipment buildings, and multiple fenced, irrigated pastures. There is a long term equine tenant on the property. High visibility Hwy 246 frontage. Extensive detailed information available upon request.
J
Jonathan Ohlgren
Listing Agent
Price History
Date
Event
Price
10/29/20
Sold
$6,000,000
Condition Rating
Poor
The residential structure was built in 1977, making it 47 years old. While the overall property features extensive and newly constructed equestrian facilities, there are no interior images or descriptions of the 4-bedroom manager's residence. Given its age and the absence of any mentioned renovations to the living spaces, it is highly probable that the kitchen and bathrooms retain their original or very dated styles and features, requiring substantial rehabilitation and updates to meet current quality standards and buyer expectations.
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 = 2252487, living area = 2151.
Extensive Acreage & Parcels: Spanning approximately 125 acres across three parcels, this property offers significant land value, privacy, and potential for diverse agricultural or recreational uses.
Turn-key Equestrian Operation: Features a newly constructed training track, multiple large barns (24 & 28 stalls), a fully equipped breeding complex with vet lab, arena, and round pen, making it ideal for professional equestrian activities.
Income-Generating Asset: The presence of a long-term equine tenant ensures immediate and stable rental income, enhancing the property's investment appeal.
Agricultural & Vineyard Potential: The property includes vineyards and multiple fenced, irrigated pastures, offering opportunities for agricultural income and diversification.
Strategic Location & Visibility: High visibility frontage on Highway 246 provides excellent accessibility and commercial exposure for potential business operations.
Cons
MLS Listing Discrepancy: Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5445000, other record lot size in square feet = 2252487.
Niche Market Appeal: The highly specialized nature of extensive equestrian and vineyard facilities significantly limits the potential buyer pool to a very specific demographic, potentially prolonging market time.
High Operational & Maintenance Costs: The sheer scale and specialized nature of the facilities (multiple barns, breeding complex, training track, irrigated pastures) imply substantial ongoing operational, staffing, and maintenance expenses.
Significant Price Increase Since Last Sale: The property's listing price of $8.895M represents a substantial increase from its $6M sale price in 2020, which may require strong justification and could be perceived as aggressive by potential buyers.