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$2,000,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • 0.49 Acres
  • Updated 2 days ago
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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).

Full Property Details for 425 1st St

General

  • Price: $2,000,000
  • Status: Active
  • Type: Lots/Land
  • Source: CLAW
  • MLS ID: 26816075
  • Updated: 4/28/2026
  • Added to Site: 3 day(s) ago

Location

  • Area: Solvang
  • County: Santa Barbara
  • Driving Directions: South of Copenhagen and West of Alisal

Lot Features

  • Property View: City, Green Belt, Mountains
  • Lot Size (Acres): 0.49
  • Lot Size: 21344
  • Lot Size Source: Vendor Enhanced

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 139-192-024

Listed by Keller Williams Studio City, Hooman Emanuel

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Listing agent

— 425 1st St —

  • Hooman Emanuel

    Keller Williams Studio City

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 425 1st St

School Districts:Solvang Elementary School District, Santa Ynez Valley Union High School District
NameGradesDistance
Solvang Elementary School
565 Atterdag Road, Solvang, CA 93463
K-80.3 mi
Santa Ynez Valley Union High School
2975 E. Highway 246, Santa Ynez, CA 93460
9-122.5 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 425 1st St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/27/2026
Listed
$2,000,000
19.4%
MLS
5/14/2020
Sold
$1,675,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 425 1st St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$19,796
2%
$1,831,853
2%
2024
$19,445
2%
$1,795,935
2%
2023
$19,125
2%
$1,760,722
2%
2022
$18,811
2%
$1,726,199
2%
2021
$18,513
33%
$1,692,353
31%
2020
$13,935
2%
$1,289,024
2%
2019
$13,660
2%
$1,263,750
2%
2018
$13,423
2%
$1,238,972
2%
2017
$13,197
3%
$1,214,680
2%
2016
$12,754
3%
$1,190,864
2%
2015
$12,357
2%
$1,172,977
2%
2014
$12,115
5%
$1,150,000
5%
2013
$11,534
—
$1,094,795
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Studio City, Hooman Emanuel

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425 1st St, Solvang, CA 93463 (MLS# 26816075) is a Lots/Land property with a lot size of 0.4900 acres. 425 1st St is currently listed for $2,000,000 and was received on April 27, 2026. Want to learn more about 425 1st St? Do you have questions about finding other Lots/Land real estate for sale in Solvang? You can browse all Solvang real estate or contact a Coldwell Banker agent to request more information.

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