Active

425 1st Street

Solvang, CA 93463

$2,000,000 $8,432/Mo

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Overview

21,344

Sqft(Lot)

Description

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 Details

Property Type : Land

Price : $2,000,000

AD Id : 77793921

MLS Id : 26816075

Lot Size : 21,344 Sqft(Lot)

County : Santa Barbara

Map

What's Nearby

Nearby Areas

Features

Bathroom Information

Total Baths: 0 Full Baths: 0 Half Baths: 0

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.49
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 21344

Listing Price Information

Original List Price: 2,000,000 Listing Contract Date: 2026-04-27
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 139192024

Other Property Info

Source Listing Status: Active Source Neighborhood: VANG - Solvang Postal Code Plus 4: 2713 Directions: South of Copenhagen and West of Alisal Source Property Type: Land Area: VANG - Solvang

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ByOwner last updated this listing 06/09/2026 @ 02:47

MLS: 26816075 LISTED BY: Hooman Emanuel, Keller Williams Studio City 818-432-1500 SOURCE: CRMLS