425 1st St Solvang, CA 93463
Estimated payment $12,234/month
Highlights
- City View
- Solvang Elementary School Rated A
- 3-minute walk to Solvang Park
About This Lot
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
Lot Details
- 21,344 Sq Ft Lot
Property Views
- City
- Mountain
- Park or Greenbelt
Listing and Financial Details
- Assessor Parcel Number 139-192-024
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $19,445 | $1,831,853 | $820,233 | $1,011,620 |
| 2023 | $19,445 | $1,760,722 | $788,383 | $972,339 |
| 2022 | $18,811 | $1,726,199 | $772,925 | $953,274 |
| 2021 | $18,513 | $1,692,353 | $757,770 | $934,583 |
| 2020 | $13,935 | $1,289,024 | $392,311 | $896,713 |
| 2019 | $13,660 | $1,263,750 | $384,619 | $879,131 |
| 2018 | $13,423 | $1,238,972 | $377,078 | $861,894 |
| 2017 | $13,197 | $1,214,680 | $369,685 | $844,995 |
| 2016 | $12,754 | $1,190,864 | $362,437 | $828,427 |
| 2015 | $12,357 | $1,172,977 | $356,993 | $815,984 |
| 2014 | $12,115 | $1,150,000 | $350,000 | $800,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/27/2026 04/27/26 | For Sale | $2,000,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,675,000 | First American Title Company | |
| Grant Deed | $1,150,000 | Chicago Title Company | |
| Grant Deed | $800,000 | Chicago Title Co | |
| Trustee Deed | $875,000 | Continental Lawyers Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $4,578,262 | Commercial |
Source: The MLS
MLS Number: 26816075
APN: 139-192-024
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© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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