801 E Highway 246, Solvang, CA 93463, Solvang, 93463 - 4 bed, 3 bath
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Solvang, CA 93463
River Edge Farm represents a High-Potential Investment Opportunity, listed at a List Price of $7,250,000—positioned well below the $7,629,192 Fair Market Value by 4%. This valuation gap offers $379,192 in Instant Equity. With a Condition Rating of 5, the property serves as a legacy Asset featuring 125 acres, established vineyards, and world-class equestrian facilities. This is an ideal acquisition for Commercial Developers or Equestrian Estate Investors seeking significant development upside in the Santa Ynez Valley.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 801 E Highway 246 Subject | $7,250,000* List Price | 4 | 3 | 2,151 | $3,547 | - |
A 801 E Highway 246 Active | $7,995,000 List Price | 4 | 3 | 2,151 | $3,717 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1977, the residence is 47 years old, placing it in the 'poor' category based on age (>30y) without recorded renovations. The listing description emphasizes the property's value in its land and equestrian facilities, explicitly suggesting the current manager's house be used only until a new 'dream estate' is constructed.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 5448485, living area = 2151.
The property features 28 acres of established vineyards and is permitted for 12 commercial events annually, providing diverse revenue streams alongside its extensive equestrian operations.
Equipped with a professional breeding barn, veterinary lab, over 50 stalls across multiple barns, and a training track, this is a turnkey legacy asset for high-level equestrian professionals.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =5448485, other record lot size in square feet = 2252487.
The current living quarters are limited to a modest manager's house and barn apartment, requiring the buyer to undertake major construction to establish a high-end primary residence.
Managing 125 acres of vineyards, specialized equestrian facilities, and three private wells involves significant overhead and specialized labor, which may be a burden for non-commercial owners.
Welcome to River Edge Farm, a breathtaking 125+/- acre legacy property comprised of 3 legal parcels, 25+/- acres, 52+/- acres, and 48+/- acres. Plans available for future construction of main house, guest house, pool/spa, ADU, cabana, tennis court, wine production facility, employee dwellings and more.Gated drive leads through majestic Sycamore trees and open pastures to an impressive collection of equestrian facilities designed for breeding and training operations. A fully equipped breeding barn features a veterinary lab, offices, a 6-stall stallion wing, and a dedicated 6-stall foaling area. Additional amenities include a training track, arena, multiple round pens, expansive equipment buildings, a 24-stall barn, a 28-stall barn, 3 private wells and multiple fenced and irrigated pastures stretching across the picturesque landscape.Adding to the property's allure are approximately 28+/- acres of established vineyard planted with Syrah, Sangiovese, Chardonnay, Sauvignon Blanc, and Grenache, creating a stunning tapestry of vines that shift beautifully with the seasons and capture the essence of Santa Ynez Valley wine country living.Permitted for up to 12 commercial events per calendar year, with each gathering accommodating up to 150 guests, River Edge Farm offers an unforgettable setting for celebrations beneath the stars, elegant wine country events, and unforgettable experiences surrounded by nature's beauty.A welcoming 4 bedroom, 3 bath manager's residence and executive-style barn apartment, add to the estate's allure to enjoy now while building your dream estate on this beautiful property, one of the Valley's most magical and inspiring settings.Set among rolling vineyards, ancient oak trees, and sweeping mountain vistas in the heart of the Santa Ynez Valley, River Edge Farm is where wine country charm and equestrian tradition come together in extraordinary fashion. Ideally positioned between the storybook towns of Solvang and Buellton, the property offers an enchanting blend of natural beauty, income potential, future development and timeless ranch living.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.5 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,151 | 2,189 | 46% |
| Lot Size | 5,448,485 | 18,077.4 | 96% |
| Price | $7.25M | $1.64M | 96% |
| Price per sq ft | $3.4K | $699 | 96% |
| Built year | 1977 | 1984 | 42% |
| HOA | $0 | $0 | 50% |
| Days on market | 9 | 267 | 4% |
May 28, 2026
$7,250,000
Initial Listing
Oct 29, 2020
$6,000,000
Public Record