UPDATED on Feb. 14, 2019, at 11:12 p.m.: A sweeping 3,500-acre coastal ranch outside Santa Barbara with two mansions and a working farm is on the market for $110 million.
El Rancho Tajiguas, a working ranch that hugs the Pacific Coast between Santa Barbara and Point Concepcion, is hitting the market for the first time since owner Mansour Ojjeh, a French-Saudi businessman, purchased the spread almost four decades ago, according to the Wall Street Journal.
The ranch’s two Spanish-style villas — which are on opposite sides of the expansive property — are 10,000 square feet and 12,000 square feet and were built in 2014 and 2015. It took about five years to secure approvals for the homes, according to listing agents Marco Naggar and Aaron Kirman, both with Compass, and Randy Solakian of Coldwell Banker. Both homes have helipads, five bedrooms, wine cellars, and guesthouses.
The property operates as a ranch and the sale would include 120 cows there. A farm on the property grows avocados and persimmon. There are around 20 other buildings on the property for ranch staff.
It appears to be the three agents largest exclusive listings, but not the most expensive. Kirman has a dozen exclusive listings with higher asking prices, including the $1 billion asking price on the “Mountain of Beverly Hills.”
Naggar told the Journal that Ojjeh is selling because he’s busy with his businesses and doesn’t visit often.
Ojjeh owns part of the Swiss-based company TAG Group and is a shareholder in the British supercar maker McLaren. He spent three decades running McLaren’s Formula One racing team. [WSJ] – Dennis Lynch