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For Sale
$2,000,000
Est. $11,200/mo425 1st Street, Solvang, CA 93463
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About this home
425 1st Street in Solvang presents a rare 21,344 SF VMU (Village Mixed Use) development site located just one block from Copenhagen Drive in the heart of the city's high-traffic tourism corridor. The property, formerly the Water Wheel building and scheduled for demolition, offers a true clean-slate opportunity for a variety of uses including boutique hotel, mixed-use, residential, or senior housing. Positioned within the highly desirable Santa Ynez Valley, the site benefits from strong tourism demand, walkability to shops, restaurants, and tasting rooms, and a significant lack of new boutique hotel supply. VMU zoning provides flexibility for multiple development strategies, with potential to increase density through California State Density Bonus Law (buyer to verify).
Property Facts
bathtub
Bathrooms
0
landscape
Lot Size
21,344 sqft
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Days on Market
8
payments
HOA Fee
N/A
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MLS #
26816075
Interior Details
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Exterior & Lot
Mortgage Calculator
Total Monthly
$0
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$0Property Tax:
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Nearby Schools
| Rating | School Name | ||
|---|---|---|---|
| No school data available for this area. | |||
Convenience Score
Market Insights
93463|Solvang
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Estimated Value
Calculating...
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Market Temperature
Seller'sBalancedBuyer's
0d30d60d180d
Balanced
Balanced market
30 Days
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
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Flood & Climate Risk
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
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Noise Levels
TrafficQuiet residential street
AirportMinimal airport noise
CommercialLow commercial activity nearby
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