Provenance · Advisory Record
Colby Barrick Represents Trust in Buellton Ranch Acquisition
Published October 8, 2026 · Last reviewed October 8, 2026

The record
- Property
- Rancho Cañada de la Laguna, 1050 West Highway 246
- Location
- Buellton, Santa Barbara County, California
- Asset type
- Ranch and agricultural holding
- Acreage
- 148.9 acres
- Client
- Santa Barbara-area trust
- Advisor role
- Buyer representation
- Original list date
- August 18, 2025
- Original list price
- $7,750,000
- Closing price
- $6,000,000
- Days on market
- 335
- Closing date
- September 22, 2026
- Advisor
- Colby Barrick, Warmstone Advisor
- Canonical representation
- Rancho Cañada de la Laguna
The property
Rancho Cañada de la Laguna spans 148.9 acres on both sides of Highway 246 in Buellton, with frontage on the Santa Ynez River. The former working dairy farm combines level cultivated ground, agricultural water resources, three residences, and a 100-year-old dairy barn.
Water resources include two shallow agricultural wells, two domestic wells, and two reservoirs of approximately 5 and 15 acre-feet. The property holds direct access and visibility along Highway 246, minutes from Buellton and the Santa Ynez Valley wine country.
The advisory problem
The property was originally listed at $7,750,000 and spent 335 days on market. For the trust, the question was not simply whether to acquire the ranch. The question was how to reconcile price, property condition, water resources, improvements, occupancy transition, and long-term hold value.
The acquisition also required a transition structure that respected the sellers' circumstances while giving the trust a durable basis in the property.
The work
Colby Barrick used inspection findings and market intelligence to align the price with the property's condition and long-term value. He worked through the sellers' agent to support the transition and kept the acquisition anchored to the trust's broader real estate position.
The work required more than price negotiation. It required a clear read of the property, the market evidence, the sellers' transition, and the trust's intended hold.
The outcome
The trust closed its acquisition on September 22, 2026 at $6,000,000.
The closing expanded the trust's footprint in the Santa Ynez Valley and added a substantial agricultural holding to its real estate portfolio. The final price reflected the property's condition, the market evidence, and the long-term value of the land and water resources.
Why this record matters
This acquisition shows the difference between transactional representation and advisory work. The Advisor's role was to interpret the property, test the price against evidence, structure the transition, and guide the trust toward a durable long-term position.

Verified and signed by Colby Barrick, Warmstone Advisor, DRE #02082097.
Published by Warmstone Advisors, DRE #02378475.
