1516 Monarch Dr Santa Ynez, CA 93460
Estimated payment $28,662/month
Highlights
- Spa
- RV Access or Parking
- 5.14 Acre Lot
- Santa Ynez Elementary School Rated A-
- Solar Power System
- Family Room with Fireplace
About This Home
There's no other property in the Santa Ynez Valley quite like this. Nestled at the end of a rare cul-de-sac in coveted Happy Canyon, this enchanting estate offers the ultimate in country living--private, peaceful, and surrounded by natural beauty. Behind a gated, tree-lined drive, the exquisitely updated main house and guest house offer approx. 3,700 sq ft of elegant living space designed for both relaxed living and stylish entertaining. The grounds are thoughtfully curated with mature landscaping, fragrant lavender, bamboo meditation gardens, serene water features, and meandering paths. Enjoy true indoor-outdoor living with a covered patio, built-in BBQ, sundeck, spa, and outdoor shower. Additional features include a stand-alone gym, art studio, and outdoor bar. Raised garden beds and mature fruit trees provide estate-grown produce. The open-concept interior centers around a chef's kitchen with premium appliances and a wood-fired pizza oven, flowing into a refined family room and dining area with wine display. Located on approx. 5.14 acres with equestrian facilities--including barn, arena, and paddock--with potential for a boutique vineyard. Ideally situated just minutes from Los Olivos and Santa Ynez, and about 35 minutes to Santa Barbara, this exceptional estate blends luxury, seclusion, and convenience in one of the Valley's most prestigious settings.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $29,954
Year Built
- Built in 1972
Lot Details
- 5.14 Acre Lot
- Cul-De-Sac
- Rural Setting
- Level Lot
Parking
- 3 Car Attached Garage
- RV Access or Parking
Home Design
- Slab Foundation
- Composition Roof
Interior Spaces
- 3,726 Sq Ft Home
- 1-Story Property
- Family Room with Fireplace
- 3 Fireplaces
- Dining Area
- Laundry Room
Kitchen
- Double Oven
- Gas Cooktop
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Full Bathrooms
Eco-Friendly Details
- Solar Power System
- Solar owned by seller
Utilities
- Forced Air Heating and Cooling System
- Well
- Septic Tank
- Phone Available
Additional Features
- Stepless Entry
- Spa
- Accessory Dwelling Unit (ADU)
- License Number Tiffany Mills
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 141-160-025
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $29,954 | $2,873,015 | $1,137,827 | $1,735,188 |
| 2023 | $29,954 | $2,761,454 | $1,093,645 | $1,667,809 |
| 2022 | $28,887 | $2,707,308 | $1,072,201 | $1,635,107 |
| 2021 | $28,334 | $2,654,225 | $1,051,178 | $1,603,047 |
| 2020 | $27,962 | $2,627,010 | $1,040,400 | $1,586,610 |
| 2019 | $27,378 | $2,575,500 | $1,020,000 | $1,555,500 |
| 2018 | $26,859 | $2,525,000 | $1,000,000 | $1,525,000 |
| 2017 | $11,739 | $1,100,980 | $528,122 | $572,858 |
| 2016 | $11,361 | $1,079,393 | $517,767 | $561,626 |
| 2014 | $9,579 | $910,000 | $500,000 | $410,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/30/2025 10/30/25 | For Sale | $4,999,000 | 0.0% | $1,342 / Sq Ft | |
| 10/30/2025 10/30/25 | Price Changed | $4,999,000 | 0.0% | $1,342 / Sq Ft | |
| 10/29/2025 10/29/25 | For Sale | $4,999,000 | -3.8% | $1,342 / Sq Ft | |
| 10/29/2025 10/29/25 | Off Market | $5,195,000 | -- | -- | |
| 08/23/2025 08/23/25 | Price Changed | $5,195,000 | -1.0% | $1,394 / Sq Ft | |
| 05/09/2025 05/09/25 | For Sale | $5,250,000 | +107.9% | $1,409 / Sq Ft | |
| 10/05/2017 10/05/17 | Sold | $2,525,000 | +1.2% | $678 / Sq Ft | View Prior Sale |
| 08/08/2017 08/08/17 | Pending | -- | -- | -- | |
| 07/19/2017 07/19/17 | For Sale | $2,495,000 | +174.2% | $670 / Sq Ft | |
| 12/04/2013 12/04/13 | Sold | $910,000 | -34.8% | $288 / Sq Ft | View Prior Sale |
| 09/20/2013 09/20/13 | Pending | -- | -- | -- | |
| 06/12/2013 06/12/13 | For Sale | $1,395,000 | -- | $441 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | None Listed On Document | |
| Grant Deed | $2,525,000 | First American Title Company | |
| Grant Deed | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Grant Deed | $910,000 | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Company | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,999,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $1,200,000 | New Conventional | |
| Previous Owner | $245,000 | New Conventional | |
| Previous Owner | $249,000 | New Conventional |
Source: North Santa Barbara County Regional MLS
MLS Number: 25000923
APN: 141-160-025
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