Asking Price: $9,950,000

The Back Ranch at Circle K spans 349 acres of classic Happy Canyon topography -- rolling pastures, ridgeline trails, fenced corrals, and elevated privacy with panoramic views of the valley. This section of the ranch has historically served as the agricultural and livestock heart of the property, housing the ranch manager, equestrian and livestock infrastructure. Centered around an iconic 4-bedroom ranch house, it offers 360-degree views of Happy Canyon and large pastures. Supporting structures include a duplex, horse barn, fuel depot, and a large equipment barn, providing the backbone for agricultural, equestrian, or operational use. All three parcels of the Back Ranch qualify independently under the Santa Barbara Ag Enterprise Ordinance (AEO), enabling future flexibility for farmstays, camping, or food-service uses. A true Californian ranch canvas, the Back Ranch combines beauty, history, and functional scale for those seeking land, legacy, and freedom. Also available: The Front Ranch (1750 Rambling Oaks, Santa Ynez CA - 204 acres) at 14,950,000 and the full Circle K Ranch (7351 Happy Canyon Rd, Santa Ynez - 554 acres) at 24,750,000.