Provenance · Advisory Record

Colby Barrick Represents Trust in Buellton Ranch Acquisition

Colby Barrick, Warmstone Advisor

Published October 8, 2026 · Last reviewed October 8, 2026

Rancho Cañada de la Laguna in Buellton, California

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.

Signature of Colby Barrick

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

Published by Warmstone Advisors, DRE #02378475.