- A 3,500-acre ranch in southern California is on the market for $110 million.
- It is currently owned by the CEO of Luxembourg holding company TAG.
- The property, known as El Rancho Tajiguas, includes two luxury villas with five bedrooms each.
One of the most expensive properties in California is now for sale: a working ranch on the Gaviota coastline.
Located just outside Santa Barbara and known as El Rancho Tajiguas, the property sprawls across 3,500 acres. The Wall Street Journal previously reported that the ranch is linked to billionaire Mansour Ojjeh, who purchased the estate in 1981. Ojjeh is the former CEO of TAG, a Luxembourg holding company and a major shareholder in McLaren's racing team.
Read more: Here's what the most expensive house for sale in every US state looks like
The home is listed through Compass real estate. With a price tag of $110 million, El Rancho Tajiguas is in the same price range as the most expensive homes in America. As Forbes reports, the ranch will set a new record for the area if it sells at listing price.
Each of the ranch's two Spanish-style villas — Villa Della Costa and Villa Del Mare — includes five bedrooms and an additional guest house, along with extra amenities such as wine cellars and helipads.
Additional buildings are scattered throughout the property, as the ranch is a working farm for avocados and persimmon. Much of the land is also used for cattle grazing, and workers currently maintain a herd of around 120 cows.
Keep reading for a complete look at the property.
Located on a massive 3,500-acre piece of land, the center point of the property is an oceanfront cliff containing the El Rancho Tajiguas' main rooms.
Source: Aaron Kirman Partners, Wall Street Journal
The ranch is situated on the Gaviota Coast ...
Source: Aaron Kirman Partners, Google Maps
... just outside the city of Santa Barbara.
Source: Aaron Kirman Partners, Wall Street Journal
The area is popular among other wealthy individuals such as billionaire Charlie Munger, vice chairman of Warren Buffett's holding company Berkshire Hathaway. Munger recently purchased a nearby 1,800-acre ranch for $70 million.
Source: Forbes, Wall Street Journal
The property is currently owned by Mansour Ojjeh, CEO of Tag holding company and owner of the McLaren Formula 1 racing team.
Source: Reuters, McLaren, Wall Street Journal
Ojjeh purchased the coastline property in 1981, and built several luxury buildings over the next few decades.
Source: Wall Street Journal
The property includes two luxury villas, known as Villa Della Costa and Villa Del Mare.
Source: Aaron Kirman Partners
Each villa has its own pool ...
Source: Aaron Kirman Partners
... and a spacious living room area.
Source: Aaron Kirman Partners
The lofted ceilings and fireplace are well-suited for daytime gatherings ...
Source: Aaron Kirman Partners
... and offer sunset views in the evening.
Source: Aaron Kirman Partners
The hallways are lined with coordinated furniture and hanging lantern lights.
Source: Aaron Kirman Partners
Residents can enter and exit the bedroom by walking a hedge-lined pathway.
Source: Aaron Kirman Partners
Inside, the cavernous A-frame room houses a four-post bed, closet space, and additional seating ...
Source: Aaron Kirman Partners
... along with a personal fireplace, large windows, and a set of glass double doors.
Source: Aaron Kirman Partners
The bathrooms are just as impressive, with vanity space, a spacious tub, and large windows.
Source: Aaron Kirman Partners
Each villa also includes its own movie theater for inside entertainment ...
Source: Aaron Kirman Partners
... while the surrounding farmland offers beautiful hiking trails right in the home's backyard.
ncG1vNJzZmivp6x7o8HSoqWeq6Oeu7S1w56pZ5ufonymuIyrmKebmKR6ta3Jop6umaNiwKK605pkm5mil66zrYyrmKebmGKworjIn6arppmWeq3B166psmWmnrmtrdJmp6GnpKTAbn6PanBmaw%3D%3D