Welcome to a truly unique property nestled among the picturesque landscapes of Los Olivos and Santa Ynez. This nearly 5-acre, fully fenced property features not one, but two charming homes, each with its own distinct character and style, making this an excellent investment property in our flourishing community. The front house, with 2 bedrooms and 2.5 bathrooms, exudes timeless elegance with its board and batten exterior, smooth coat plaster interior, and warm wood floors. Immaculately remodeled, the home seamlessly combines turn-of-the-century charm with modern amenities. The new fireplace insert and surround add a cozy feel, while the well-appointed kitchen and bathrooms showcase quality craftsmanship and attention to detail. With its own laundry room and an outdoor gas fireplace, this residence is designed for comfort and convenience. The light, bright second dwelling offers 2 bedrooms and 1 bathroom, ceiling beams, a new fireplace insert and surround and beautifully done kitchen and bathroom. Its welcoming ambiance and thoughtfully designed spaces make it an ideal retreat. An additional studio room provides versatility for various uses, while the extra metal structure can be envisioned as your future pool house. The property's level, usable terrain presents a canvas for your dreams, whether it be a barn, arena, ADU, or other creative endeavors. Zoned AG1, the potential is huge. A private well ensures a reliable water supply, while mature oak and olive trees add character and natural beauty to the surroundings. Enjoy breathtaking views of the olive orchards, vineyards and surrounding mountains from the residences and outdoor spaces. Conveniently close to the towns of Los Olivos and Santa Ynez, you'll find yourself in close proximity to exceptional restaurants and shopping, as well as the unique experience of wine and olive oil tasting within walking distance. With the potential for events with a minor conditional use permit, this property offers excellent investment potential and lifestyle. Embrace the tranquility of rural living, coupled with the convenience of nearby amenities, in this extraordinary property where history meets modern luxury. Don't miss the opportunity to make this idyllic property your own.