A sprawling, 3,500-acre cliffside ranch with 2 luxury villas and 120 cows could break the Santa Barbara real-estate record - here's a look inside

• A 3,500-acre ranch in southern California is on the market for $110 million.
• It is currently owned by the CEO of Luxembourg holding company TAG.
• The property, known as El Rancho Tajiguas, includes two luxury villas with five bedrooms each.

One of the most expensive properties in California is now for sale: a working ranch on the Gaviota coastline.

Located just outside Santa Barbara and known as El Rancho Tajiguas, the property sprawls across 3,500 acres. The Wall Street Journal previously reported that the ranch is linked to billionaire Mansour Ojjeh, who purchased the estate in 1981. Ojjeh is the former CEO of TAG, a Luxembourg holding company and a major shareholder in McLaren's racing team.

Read more: Here's what the most expensive house for sale in every US state looks like

The home is listed through Compass real estate. With a price tag of $110 million, El Rancho Tajiguas is in the same price range as the most expensive homes in America. As Forbes reports, the ranch will set a new record for the area if it sells at listing price.

Each of the ranch's two Spanish-style villas - Villa Della Costa and Villa Del Mare - includes five bedrooms and an additional guest house, along with extra amenities such as wine cellars and helipads.

Additional buildings are scattered throughout the property, as the ranch is a working farm for avocados and persimmon. Much of the land is also used for cattle grazing, and workers currently maintain a herd of around 120 cows.

Keep reading for a complete look at the property.