425 1st Street, Solvang, CA 93463

Solvang
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
425 1st Street,Solvang, CA 93463
$2,000,000
  • 0.49 Acres
  • Lots / Land
  • Active
Listed by: hooman emanuel
Office: keller williams studio city
MLS#:CL26816075
Source:Bay East, CCAR, bridgeMLS

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 #:CL26816075
  • Added:120 day(s) ago
  • Updated:August 26, 2026 at 02:24 PM

Structure and exterior

  • Lot area:0.49 Acres
  • Architectural Style:Unimproved Land

Finances and disclosures

  • Price:$2,000,000
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at August 26, 2026

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