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Closed
- Listed price
- $2,195,000
- Listed Apr 8, 2020
- Sold price
- $1,675,000
- Sold May 21, 2020
21,344 sqft lot|1976 Built|1 MLS days on market
425 1st St, Solvang, CA 93463
Property Description
Boutique Hotel development in the downtown tourist corridor of Solvang, California. Sale includes existing 3 story retail structure and plans to convert to Hotel Chaparral, a 25 room luxurious hotel with a restaurant, bar and large decks. The site currently has about 15,600 SF of building improvements consisting of 3 buildings, one of which is equipped with an elevator. The existing buildings have the 18th Century Northern European charm that Solvang tourists enjoy and come to see. The existing structure could also be redeveloped into vacation rentals, public market, office, retail or mixed use with any combination of these. This property has lots of possibilities and enormous potential with its great “location, location, location.”
Listing agent: Steven BattagliaDRE #01318215srb@battagliare.com, Listing office: Steven Battaglia, Broker
MLS data updated 10/25/2026, 4:46:59 AM PT
Source: CRMLSMLS #: PI20067895
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,675,000
May 21, 2020
Available records32020
From MLS recordsActual listing and closing events
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This home · nearest recorded event
No recordNo property-price record in this range.ZIP 93463 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 93463 · same property typeThis MLS property type has no exact comparison group.
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Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
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MLS records may be incomplete. Earlier asking prices are not sale prices.