Hot Property

Home of the Day: A Solvang ranch where Rose Parade Palominos are bred

Known as Circle L Ranch, this fenced and gated equestrian estate sits on five bucolic acres in the Santa Ynez Valley with a resort-style swimming pool, a wood-fired pizza oven, fruit orchards and a stone-edged pond. Horse facilities used to breed Tennessee Walker Palominos seen in three decades of Rose Parades include a six-stall barn and tack room, a riding arena and irrigated pastures.

Location: 828 Ballard Canyon Road, Solvang, 93463

Asking price: $2.995 million

Year built: 1975

House size: 3,126 square feet, four bedrooms, four bathrooms

Lot size: 5 acres

Features: Rustic wood, stone and bronze touches; great room with open-truss ceilings; formal living and dining rooms; farmhouse-style kitchen with custom backsplash; master bedroom with stone fireplace and vaulted ceilings; swimming pool with waterfall and spa; deck/patio; wood-fired pizza oven; fruit orchard; six-stall barn, riding arena, irrigated pastures

About the area: In November, nine single-family homes sold in the 93463 ZIP Code at a median price of $793,000, according to Corelogic. That was a 45.5% increase in price from November 2014.

Agents: Magda Rodriguez, Partners Trust Real Estate, and Debbie McComb, Central Coast Realty Group

To submit a candidate for Home of the Day, send high-resolution color photos via Dropbox.com, permission from the photographer to publish the images and a description of the house to neal.leitereg@latimes.com.

Twitter: @NJLeitereg

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