California Coast Ranch Lists for $110 Million
August 12, 2019 - Santa Barbara
A 3,500-acre coastal ranch outside Santa Barbara with two mansions and a working farm is on the market for $110 million.
El Rancho Tajiguas, a working ranch that hugs the Pacific Coast between Santa Barbara and Point Concepcion, is hitting the market for the first time since owner Mansour Ojjeh, a French-Saudi businessman, purchased the spread almost four decades ago, according to the Wall Street Journal.
The ranch’s two Spanish-style villas — which are on opposite sides of the expansive property — are 10,000 square feet and 12,000 square feet and were built in 2014 and 2015.
It took five years to secure approvals for the homes, according to listing agents Marco Naggar and Aaron Kirman, both with Compass, and Randy Solakian of Coldwell Banker. Both homes have helipads, five bedrooms, wine cellars, and guesthouses.
The property operates as a ranch and the sale would include 120 cows there. A farm on the property grows avocados and persimmon. There are around 20 other buildings on the property for ranch staff.
Source : therealdeal.com
blog, ranch, Estate of the Day, ranch for sale