Check Availability
Santa Barbara 93460
1516 Monarch Drive
$4,495,000
↓ $155K (3.3%)
● House - For Sale

1516 Monarch Drive

Santa Ynez, CA 93460
bedrooms
5 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
3,726 Ft²
$22,072
Est. Monthly

About This Property

For those who value total privacy and a beautiful setting without giving up proximity to local shops and restaurants, this home delivers on every level. There is no other property in the Santa Ynez Valley like this! This enchanting estate offers country living at its finest - tucked away, extremely private, and situated on a rare cul-de-sac in the highly desirable Happy Canyon, home to the region's premier vineyards. This extraordinary ranch combines natural beauty, refined comfort, and exclusive seclusion in one of the Santa Ynez Valley's most sought-after settings. Discover the charm of country living in this exquisitely updated estate, nestled behind a gated, tree-lined drive for ultimate privacy and tranquility. Every detail of the home and grounds has been thoughtfully curated, from the mature landscaping and blooming gardens to the meandering pathways, unique specimen trees, fragrant lavender field, bamboo meditation gardens and serene water featuresall designed to evoke a peaceful, inviting ambiance. The main residence and guest house together encompass approximately 3,700 square feet of warm and elegant living space, ideal for both relaxed daily living and stylish entertaining. The expansive outdoor area includes a covered patio with integrated lighting, a built-in BBQ, refrigerator, and barperfect for hosting gatherings in a picturesque setting. Indoor-outdoor living is enhanced by a spacious sundeck, spa, and outdoor shower. Additional structures on the property include a newly built stand-alone gym, an art studio, and an outdoor bar, offering versatile spaces for wellness, creativity, and entertaining. A bounty of estate-grown fruits and vegetables can be enjoyed from the raised garden beds and mature fruit trees. Inside, the sun-drenched home features an open-concept layout centered around a chef's kitchen outfitted with top-of-the-line appliances and a wood burning pizza oven. The kitchen seamlessly flows into a refined yet inviting family room and dining area, complete with an elegant wine display. High ceilings and abundant natural light create a sense of airy sophistication throughout. Set on approximately 5.14 acres in the coveted Rancho Estates community, the property also includes equestrian facilities including a barn, arena, and paddock, and/or the potential to cultivate your own boutique vineyard. The property is equipped with fully owned solar panels, offering enhanced energy efficiency and long-term savings. With access to affordable water and its prime location near the acclaimed Happy Canyon wine region, this is an exceptional opportunity for wine enthusiasts and equestrians alike. Ideally located approximately 35 minutes from Santa Barbara and just minutes from downtown Santa Ynez and Los Olivos, this exceptional estate offers the perfect blend of luxury, privacy, and convenience in one of the Santa Ynez Valley's most exclusive enclaves.
Unit Size
3,726 Ft²
Days on Market
353 days
Land Size
5.14 acres
Price per sqft
$1,206
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1972

Listed By

Jade Mills
Coldwell Banker Realty
Tiffany Mills
Coldwell Banker Realty

Payment Calculator

Cap Rate Calculator

Last updated: 2 months ago (CLAW #25612443)

Price History

Date / Event Date Event Price
Jun 5, 2026 Price Decreased $4,495,000
↓ $155K (3.3%)
Price Decreased
Apr 15, 2026 Price Decreased $4,650,000
↓ $100K (2.1%)
Price Decreased
Feb 20, 2026 Price Decreased $4,750,000
↓ $249K (5%)
Price Decreased
Oct 29, 2025 Listed by Coldwell Banker Realty $4,999,000
Listed by Coldwell Banker Realty
Aug 23, 2025 Price Decreased $5,195,000
↓ $55K (1.1%)
Price Decreased
Show More

Property Highlights

Garage
Air Conditioning
Fireplace
With View
Parking Details
Has Garage
Has Open Parking
Parking Features: Driveway, Garage, Guest, Gravel, Gated, Oversized, Private, DoorMulti
Garage Spaces: 3
Interior Details
Half Bathrooms: 2
Full Bathrooms: 3
Appliances: Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Flooring Type: Tile, Wood
Laundry Features: Inside
Has Fireplace
Fireplace Features: Family Room, BonusRoom
Exterior Details
Square Footage: 3726
Security Features: Gated Community
Architectural Style: Ranch
Year Built: 1972
Building Area Total: 3726
Levels: One
Other Structures: Barn(s), Guest House, Shed(s)
Pool Features: None
Lot Features: Back Yard, Landscaped, HorseProperty, Ranch
Lot Size Area: 223898
Lot Size Units: Square Feet
Lot Size Acres: 5.14
Lot Size Square Feet: 223898
Utilities Details
Cooling Type: Central Air
Heating Type: Central
Sewer : SepticTypeUnknown

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 1972
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 223,898
  • Total Building Area: 3,001
  • Building Area: 3,001
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 3,001
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANTA YNEZ ESTATES
  • Land Acres: 0000005140
  • Standard Land Use Code: 1008
  • County Land Use Code: 5822
  • Legal Description 1: TRACT 10,048 LOT 43 BK 51/66-69

Neighborhood

  • School District Name: Santa Ynez Valley Union High School District
  • Census Tract: 001905

Zoning

  • Zoning: AGI5

Geography

  • Assessors Map Reference: 80-A1
  • Subdivision Tract Number: 10
  • Parcel: 141-160-025
  • Lot: 43
  • Municipality: SANTA YNEZ VALLEY COUNTY
  • Latitude: 34.625
  • Longitude: -120.026

    Address

  • Full Address: 1516 Monarch Dr
  • Address - House Number: 1516
  • Address - Street Name: Monarch
  • Address - Suffix Type: Dr
  • State: CA
  • City Name: Santa Ynez
  • Carrier Code: R003
  • 4-Digit Zip Code: 9738
  • Zip Code: 93460

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $2,888,740
  • Initial Tax Delinquent Year: 2022
  • Tax Rate Code Area: 62-023

    Appraisal Valuation

  • Standard Deviation: 0.1776
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 77
  • Final Value: 4,345,473
  • High Value: 5,117,309
  • Low Value: 3,573,636

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,761,454
  • Assessed Land Value: $1,093,645
  • Assessed Improvements Value: $1,667,809

    Sales

  • Current Sale Contract Date: Aug 16, 2017
  • Current Sale Recording Date: Oct 05, 2017
  • Current Sale Price:
  • Current Sale Document Type: 36
  • Current Sale Input Document Number: 2017-0048003
  • Previous Sale Recording Date: Dec 04, 2013
  • Previous Sale Contract Date: Nov 07, 2013
  • Previous Sale Amount: $910,000
  • Previous Sale Document Type: 36

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Santa Barbara


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 1516 Monarch Drive built and last sold?
The property at 1516 Monarch Drive was built in 1972 and last sold on Aug 16, 2017 for $2,525,000.
How much is this home worth?
The estimated value of the home located at 1516 Monarch Drive is $4,539,950.
What are some comparable homes to 1516 Monarch Drive?
There are currently no comparable homes to 1516 Monarch Drive.