425 1st Street, Solvang, CA 93463

Solvang
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
425 1st Street,Solvang, CA 93463
$2,000,000
  • 0.49 Acres
  • Lots / Land
  • Active
Listed by: hooman emanuel
Office: keller williams studio city818-432-1500
MLS#:26816075
Source:CRMLS

Price summary

  • Price:$2,000,000

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).

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Home facts

  • Listing ID #:26816075
  • Added:52 day(s) ago
  • Updated:June 19, 2026 at 10:54 AM

Structure and exterior

  • Lot area:0.49 Acres

Finances and disclosures

  • Price:$2,000,000
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