Rare Coastal Ranch With Six-Stall Stable and a Vineyard in Carpinteria Returns to Market After $5 Million Price Cut

Set against the sweeping backdrop of Southern California’s Central Coast, a rare and extraordinary estate has reentered the market after a $5 million price cut.

The 10-acre Mediterranean-inspired ranch at 338 Toro Canyon Road is now being offered for $18.5 million. The home was first listed for sale in February at $23.5 million.

With approximately 7,657 square feet of thoughtfully designed living space, the property blends refined architecture, ocean and mountain views, equestrian capability, and hobby vineyards—all just minutes from Padaro Lane Beach, Montecito, and the Santa Barbara Polo Club.

Positioned well away from the road, the main residence greets visitors with a sense of timeless grandeur. Drawing from classical Mediterranean and Tuscan influences filtered through a modern California lens, the home is composed of arched passageways, vaulted and coffered ceilings, wrought-iron detailing, and intricate mosaic tilework.

According to listing agent Marsha Kotlyar, "The residence was custom-designed with a long-term vision in mind—prioritizing craftsmanship, proportion, and timeless European-inspired architecture rather than trends."

That sense of intentional design has not gone unnoticed. The 2004 build previously appeared on an episode of "The Real Housewives of Beverly Hills," offering viewers a glimpse of its dramatic interiors and expansive grounds.

Inside, the property balances elegance with livability. A richly appointed library, intimate screening room, and temperature-controlled wine cellar underscore the estate's sense of refinement.

Five bedrooms, four of which include en suite bathrooms, offer privacy for owners and guests alike, while expansive communal areas, like the great room and covered loggias, create an ideal atmosphere for hosting at any scale.

"The interiors balance formal elegance with warmth and livability, offering spaces that feel both impressive and deeply comfortable," says Kotlyar. "The estate also excels at seamless indoor-outdoor living, a hallmark of the California coastal lifestyle."

Covered terraces, heated outdoor spaces, and large stone patios extend the living areas outward, where walls of glass frame sweeping ocean, island, and mountain views. An infinity-edge pool and spa anchor the outdoor experience, complemented by an outdoor kitchen, fireplace, and pergola-shaded dining areas.

"Whether entertaining at scale or enjoying quiet mornings overlooking the vineyards and paddocks, the property offers a fluid connection between architecture and landscape," Kotlyar adds.

Equally compelling is how the architecture extends beyond the main residence to encompass a full 10 acres of usable land.

"The estate’s equestrian facilities were designed with the same level of craftsmanship and intention and feature a stately six-stall barn with turnouts, tack and feed rooms, a powder bath, garage bays, and a fully equipped guest or caretaker apartment," says Kotlyar.

Additional amenities include paddocks, a riding arena, and an automated European-style horse walker, allowing the property to function as a fully operational ranch without sacrificing visual appeal.

"Opportunities like this are extraordinarily rare, Kotlyar says. "A true 10-acre coastal ranch estate with vineyards and world-class equestrian amenities, all minutes from the beach—it’s the kind of property that would be exceptionally difficult to replicate today."