California’s Rancho Cariñoso beachfront horse ranch sells for $22.55M after $109M asking price

Rancho Cariñoso was sold at auction for $22.55 million after previously being listed for $109 million. This estate features 4.2 acres of land and nearly an acre of private beachfront. The property includes a main house, equestrian facilities, and is near the Santa Barbara Polo Club. The auction ind…