Lot/land

$2,000,000

425 1st St, Solvang, CA 93463

--beds

--baths

0.49Acres

Unimproved Land

Built in ----

0.49 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

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).

75 days

172

5

Facts & features

Property

Features

Has view: Yes
View description: City, Park/Greenbelt, Mountain(s)

Lot

Size: 0.49 Acres

Details

Parcel number: 139192024
Special conditions: Standard

Community & HOA

Location

Region: Solvang

Financial & listing details

Tax assessed value: $1,831,853
Annual tax amount: $19,796
Date on market: 4/28/2026

Estimated market value

Not available

Estimated sales range

Not available

$4,859/mo

Price history

Date	Event	Price
4/28/2026	Listed for sale	$2,000,000+19.4%
Source: CLAW #26816075 Report a problem
5/21/2020	Sold	$1,675,000+45.7%
Source: Public Record Report a problem
9/27/2013	Sold	$1,150,000+43.8%
Source: Public Record Report a problem
12/20/1996	Sold	$800,000-8.6%
Source: Public Record Report a problem
5/22/1996	Sold	$875,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$19,796 +1.8%	$1,831,853 +2%
2024	$19,445 +1.7%	$1,795,935 +2%
2023	$19,125 +1.7%	$1,760,722 +2%
2022	$18,811 +1.6%	$1,726,199 +2%
2021	$18,513 +32.9%	$1,692,353 +31.3%
2020	$13,935 +2%	$1,289,024 +2%
2019	$13,660 +1.8%	$1,263,750 +2%
2018	$13,423 +1.7%	$1,238,972 +2%
2017	$13,197 +3.5%	$1,214,680 +2%
2016	$12,754 +5.3%	$1,190,864 +1.5%
2015	$12,115	$1,172,977

Find assessor info on the county website

Monthly payment

Estimated monthly payment$1,822

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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