Major Price Reduction for $109 Million Horse Ranch Near Celebrity Estate

March 2, 2025 - 05:36

Rancho Carinoso first came on the market in 2021 but has languished for nearly four years without a buyer. Originally listed at an impressive $109 million, this luxurious horse ranch adjacent to Kevin Costner's estate in Carpinteria has recently seen a significant price cut of $41.5 million. The new asking price now stands at $67.5 million, making it a potentially attractive opportunity for affluent buyers seeking a lavish equestrian property.

Spanning over 100 acres, the ranch boasts state-of-the-art facilities designed for horse breeding and training, including multiple barns, riding arenas, and expansive pastures. The property also features a stunning main residence with luxurious amenities and breathtaking views of the surrounding landscape. Despite its high-profile location and impressive features, the ranch has struggled to attract buyers, prompting the substantial price reduction.

As the real estate market continues to fluctuate, it remains to be seen whether this price adjustment will finally lead to a sale for this opulent property.