2550 Elk Grove Rd, Solvang, CA, 93463
About This Home
Nestled in the heart of the Santa Ynez Valley and within the Ballard school district, this beautifully updated single story equestrian property is designed for both everyday living and effortless entertaining. The spacious great room features vaulted ceilings, exposed beams, fireplace, bar, and tile flooring that flow into the dining area and gourmet kitchen with rich alder soft close cabinetry, granite countertops, large island, stainless appliances, and dual pantries.Perfect for multi-generational living, the split-wing layout features a private suite with bedroom, bath, walk-in closet, living area, and laundry. Opposite, the primary suite includes a spa-like bath, walk-in closet, and backyard pergola access, with two additional bedrooms sharing a full bath.The equestrian facilities include upgraded horse stalls with ceiling fans, rubber-matted flooring, built-in lighting, auto waterers, a wash station, grazing land with shade, corral, dressage arena, and 20x40 dream barn/workshop with drive thru design. The property provides plenty of room including easy in/out access for your trailers, RV or other vehicles.Flagstone pathways wind through flowering landscape and mature fruit trees to a tranquil 6-person sauna, two outdoor fireplaces, covered patios, and custom built-in bbq. Enjoy horses, unwind in the sauna, or take in sweeping views of the local fireworks, this is Santa Ynez Valley living at its best, blending space, comfort, and natural beauty.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1977
Materials
- Foundation: Slab
- Roof: Composition
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 3
Features
- Number of fireplaces: 1
- Fireplace features: Living Room
- Fireplace: Yes
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total structure area: 3,185
- Total interior livable area: 3,185 sqft
Master Bedroom
- Level: Lower
Property
Details
- Parcel number: 137380034
- Special condition: Standard
Features
- Stories: 1
Lot
- Lot size: 2.01 Acres
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Drought
- Earthquake
- Wildfire
- Landslide
How This Home’s Risks Compare
FEMA Declared Disasters in Santa Barbara County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $12,636 | $151,632 |
| Home Insurance * | $355 | $4,260 |
| Property Taxes | $2,186 | $26,232 |
| Electricity | $682 | $8,195 |
| Total | $15,859 | $190,308 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-08 | Listed for sale | $2,499,000 |
| 2026-02-16 | Listing removed | $2,850,000 |
| 2025-08-01 | Listed for sale | $2,850,000 |
| 2020-09-11 | Sold | $1,250,000 |
| 2020-07-24 | Pending sale | $1,275,000 |
| 2020-07-07 | Listed for sale | $1,275,000 |
| 2018-01-05 | Sold | $1,100,000 |
| 2017-11-30 | Pending sale | $1,165,000 |
| 2017-10-05 | Listed for sale | $1,165,000 |
| 2016-11-17 | Listing removed | $1,099,000 |
| 2016-09-01 | Listed for sale | $1,099,000 |
| 2016-08-23 | Pending sale | $1,099,000 |
| 2016-08-14 | Listed for sale | $1,099,000 |
| 2006-09-26 | Sold | $1,050,000 |
| 1999-10-29 | Sold | $480,000 |
For Sale by Agent
View on Zillow