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Santa Ynez

Updated Sep 5, 2024

Jenni Kayne Sells Santa Ynez Ranch-Style Home For $6M, Buyer's Rep Keller Williams Realty
SOLDSingle Family

Jenni Kayne Sells Santa Ynez Ranch-Style Home For $6M, Buyer's Rep Keller Williams Realty

Santa Ynez

$5,995,000

$1,553/SF

Building Size

3,860 SF

Asset Type

Single Family

Closing

Apr 25, 2023

About this deal

AI

Designer Jenni Kayne has sold her renovated Santa Ynez Ranch-style home for $5,995,000. The property, which spans 20 acres, was originally purchased by Kayne in 2020 for $950,000. After completing renovations in March 2022, she listed the property for its asking price of $6 million. The sale marks Kayne's first venture into the hotel and hospitality-driven experiences and resort markets, as part of her expansion efforts for the Pacific Group. The buyer, who remains anonymous, embraced the Jenni Kayne lifestyle brand and purchased the house fully furnished.

Summary of transaction details:

The successful sale of Jenni Kayne's Santa Ynez property was a significant milestone in her career, as she expands her brand presence into new markets. With the buyer choosing to purchase the house fully furnished, it demonstrates the appeal of the Jenni Kayne lifestyle and design aesthetic.

Players

Emily Termond

Keller Williams Realty

Broker

$6M

vol

1 deal

Broker

Santa Ynez Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

Jenni Kayne bought a home in Santa Ynez for $6M in 2023. The full closing is on this page.

About $1.6K per square foot on a published $6M for 3,860 square feet (2023).

Visit Laura Drammer to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.65%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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