As RadarOnline.com has learned, authorities are investigating a possible homicide at the luxurious Hope Ranch community. The couple was married for 35 years and have three children together.
The Daily Mail reports the woman has been identified as Ely's wife, former Miss Florida Valerie Lundeen.
The elder Ely, 81, described in the sheriff's account as disabled, was also found at the home and taken to an area hospital for evaluation.
Valerie Lundeen Ely, 62, was stabbed to death at the home she shared with her husband by her 30-year-old son, Cameron Ely, the sheriff's department said.
Ron Ely ID'd a family member as the culprit before officials searched the home.
The younger Ely posed an unspecified threat to the deputies, leading them to open fire on him, the statement said.
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Meanwhile, deputies who opened fire on the suspect will be placed on administrative leave, according to police.
The Santa Barbara County Sheriff's Office ordered a neighborhood lock-down within a one-mile radius of the home. "Autopsies of both the victim and the suspect are pending".
Details of the family dispute are unclear. TMZ obtained dispatch audio of law enforcement saying a man called from the home claiming his father tried to attack his mother before the man hung up.
A representative for Ely did not immediately respond to a request for comment Tuesday night.
Ely and Lundeen, former Miss Florida 1981, Wednesday in 1984.
The couple have two daughters, Kirsten and Kaitland, and a son, Cameron.