California horse ranch once listed for $109m goes to auction from $20m

Not many properties on the Southern California coast have seen their asking prices change as much as Rancho Cariñoso. The extraordinary 4.2-acre oceanfront ranch estate along Padaro Lane in Santa Barbara County’s seaside city of Carpinteria was first listed in 2021 for $100 million, Mansion Global reported. A year later, in 2022, the price rose to $109 million. The asking price subsequently fell to $70 million in September 2024 before dropping further to $48.975 million. Now, four years after it first came on the market, the ranch has gone to auction, with bidding starting at $20 million.Ranch land on the bluffsThe estate has nearly one acre of private beach. The property also has a horse trail that runs from the grounds straight to the sand. The land is zoned for nine horses. Loon Point, a surf break that draws experienced surfers, lies nearby.