In 2022, California’s 4.2-acre Rancho Cariñoso asked $109 million; after years of price cuts, the beachfront horse ranch sold at auction for $22.55 million, with nearly an acre of private beach
Once marketed for $109 million, Rancho Cariñoso has sold at auction for $22.55 million, a dramatic drop for a property with nearly an acre of private beach. The 4.2-acre estate…