954 Elk Grove Lane, SOLVANG, CA 93463, SOLVANG, 93463 - 3 bed, 3 bath
954 Elk Grove Lane
SOLVANG, CA 93463
Property Price
SUMMARY
Analysis of 954 Elk Grove Lane, SOLVANG, CA 93463 reveals a property with a current list price of $2,495,000, which is 5% above the estimated $2,358,027 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the SOLVANG 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.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 954 Elk Grove Lane Subject | $2,495,000* List Price | 3 | 3 | 2,705 | $872 | - |
A 2550 Elk Grove Road Active | $2,850,000 List Price | 4 | 3 | 3,185 | $895 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Although originally built in 1980, the property has undergone an extensive high-end renovation within the last five years. The interior features a gourmet kitchen with professional-grade stainless steel appliances, modern cabinetry, and stone countertops. The bathrooms are fully updated with contemporary fixtures and custom tiling. With new flooring, recessed lighting, vaulted beamed ceilings, and pristine outdoor living spaces including a pergola and outdoor fireplace, the home meets current luxury standards with no visible deferred maintenance.
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 = 98881, living area = 2705.
- Equestrian Facilities
The 2.27-acre property is fully equipped for horse enthusiasts, featuring a 4-stall mare motel, tack room, and dedicated gated access from a separate road for easy trailer transport.
- Premier Outdoor Living
The home offers exceptional entertaining spaces, including an oversized front courtyard with a pergola and outdoor fireplace, plus a backyard designed to capture sunset vistas over the pasture.
CONSRISKS & DEFICIENCIES
- Market Pricing Volatility
A recent price reduction from $2.65M to $2.495M suggests the property may have struggled with initial market positioning or appraisal expectations.
- Niche Buyer Appeal
The specialized equestrian infrastructure and significant acreage cater to a specific lifestyle, which may limit the pool of interested buyers compared to standard residential lots.
About 954 Elk Grove Lane
Welcome to single-level luxury in the Ballard School District: a spacious 3-bedroom, 3-bath Solvang retreat where open design and serene views create effortless elegance. A soaring entry opens directly to the heart of the home—gourmet kitchen, dining area, a family room with rock fireplace, and inviting living room, all in one sweeping view. Sunset vistas frame the backyard and pasture beyond, complete with a 4-stall mare motel, tack room, and private gated access from a separate road. Start your day strolling beneath pepper trees with coffee in hand, or gather friends for picnics by the horses. The oversized front courtyard features a pergola, outdoor fireplace, and generous covered porch with dining and seating—perfect for relaxed entertaining. Additional highlights include a finish entertaining. Additional highlights include a finished 3-car garage with fire-safe metal doors. Nestled at the quiet end of a cul-de-sac this 2.27-acre property offers room to live, ride, and recharge. Your Solvang sanctuary awaits.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 98,881.203 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 3 (3 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
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,705 | 2,297.5 | 64% |
| Lot Size | 98,881.203 | 16,988.5 | 88% |
| Price | $2.50M | $1.29M | 86% |
| Price per sq ft | $922 | $635 | 88% |
| Built year | 1980 | 1978 | 55% |
| HOA | $0 | $0 | 50% |
| Days on market | 113 | 226 | 12% |
Pricing History
Listed for Sale
Jan 24, 2026
$2,495,000
$2,650,000
-6% Price Drop
Initial Listing
Price Change
Nov 14, 2025
$2,650,000
Initial Listing
Sold
Oct 22, 2020
$1,215,000
Public Record
Sold
Jul 11, 2017
$770,000
Public Record
Sold
Apr 14, 2006
$1,125,000
Public Record