- $2M Price
- .49 Acres
- 9 DOM
425 1st Street
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).
Essential Information
- MLS® #26816075
- Price$2,000,000
- Bathrooms0.00
- Acres0.49
- TypeLand
- StatusActive
Community Information
- Address425 1st Street
- AreaVANG - Solvang
- CitySolvang
- CountySanta Barbara
- Zip Code93463
Amenities
View
City Lights, Park/Greenbelt, Mountain(s)
Additional Information
- Date ListedApril 27th, 2026
- Days on Market9
Listing Details
- AgentHooman Emanuel
- OfficeKeller Williams Studio City
Hooman Emanuel, Keller Williams Studio City.
Based on information from California Regional Multiple Listing Service, Inc. as of May 6th, 2026 at 6:30am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.