Horse ranches, expansive estates, premier vineyards, and boutique wineries define California’s Santa Ynez Valley. Located over the San Marcos Pass about 26 miles from downtown Santa Barbara, the rolling hillside landscapes of the region are dotted with vineyards, olive trees, Scrub oak, and early California-style architecture under impossibly blue skies. A population of around 23,000 are scattered throughout the area’s small village-like communities, including Los Olivos, Santa Ynez, Solvang, Buellton, and Ballard.
Families leaving pricey Los Angeles real estate behind find their money goes far in the Santa Ynez Valley. Rancho Sereno, with an asking price of $2,950,000, is a 5.6-acre, southwest-style estate in Santa Ynez. Try buying a tear-down in Beverly Hills for that price.
For those with deeper pockets, there is Seven Oaks Ranch with an asking price of $11,900,000. Located on 100-plus acres in the Happy Canyon area of Santa Ynez, this estate property has an imposing English country manor house. Its architecture was inspired by Sir Edwin Lutyens, considered the early 20th-century architect of architects for English country houses.
In 2021, year-to-date sales in South Santa Barbara County hit 960 in May, according to a recent Market Report from Village Properties. That was up 70% for the same period last year. The average single-family home price for the area is a little over $3.2 million, a 51% increase from a year ago.
In the Santa Ynez Valley, 122 single-family residences sold up 54% from that time in 2020. Average single-family home prices there rang in at $1,592.57, up 31% from the prior year. Since it’s challenging to build new thanks to strict zoning in the Santa Ynez Valley, buyers are redoing properties built in the 1960s, ’70s and ’80s.
The Santa Ynez Valley is now on the map for wine tasting and touring in California as it has become known for wines rivaling those found in Napa and Sonoma. There are 13 area wineries producing dozens of varietals, including Chardonnay, Cabernet Sauvignon, Malbec, Merlot, and Pinot Noir, just to name a few. The Santa Ynez Valley is a designated AVA (American Viticultural Area). The dry Mediterranean climate, “similar to Provence and Tuscany” with cool evening coastal breezes,” as Kendall explains, is perfect for growing grapes.
Source: Forbes Magazine
Jun 26, 2021,10:40am EDT
Ellen Paris – Contributor
Forbes Global Properties – Contributor Group