$7,980,000

Once in a lifetime opportunity to purchase one of the most historic homes in the Santa Ynez Valley. Perched high in a grove of 100-year-old Redwoods, ''Palacio del Rio'', formerly the Hacienda for the renowned Juan y Lolita Rancho, is set on approximately 36.6+/- acres and is steeped in Valley history. Designed by Joseph Plunkett and built between 1929-1938, the gracious Hacienda offers a dramatic setting of unparalleled Valley views and beautiful mature landscape with a pool and tennis court. Previously owned by Jimmy Stewart and Dean Martin, the main residence has 6 bedrooms and 6 1/2 bathrooms, plus extensive grand guest quarters across the magnificent courtyard with 4 bedrooms and 2 bathrooms. Additionally, there is a 2-bedroom 2nd residence, caretaker's quarters, wine cellar, and 6... car garage. On the lower portion of the property are fenced pastures and horse shelters, and a riding ring. There is also a large barn with a tack room, ample storage space, and four stalls. With sweeping views of the Santa Ynez Valley, an incredible location with serenity and privacy, this property is truly magnificent and irreplaceable.