The certifiable Shangri-las of Rancho El Cojo and Jalama Ranch have officially been sold, with escrow expected to close in early September. Though the buyer and the amount paid have yet to be disclosed, the asking price was about $120 million for the total package of 8,580-acre El Cojo and 15,813-acre Jalama. The land encompasses a vast majority of the pristine Gaviota Coast, beginning with the Surfin’ Cowboy Ranch and Hollister Ranch and extending all the way up to Jalama County Park near Lompoc. In addition to boasting world-class surf breaks, Point Concepción and its historic lighthouse, untold Chumash sites, and miles of pristine ranch land, the area is also home to oil leases and dozens of legally developable lots.
Originally published 12:00 p.m., July 20, 2006
Updated 11:08 a.m., August 10, 2006
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