Lake at River Oaks Home to Jim May Park (an 11 acre park which includes a lake and walking trails) and Ida Redmond Taylor Elementary, the River Oaks development offers an idyllic setting which parallels the Santa Maria riverbed in northeast Santa Maria. Built from 1999 -2003, these homes range from 1400 sq.ft. up to almost 3000 sq.ft. in size. Current asking prices for active and pending homes in the River Oaks development range from $260,000 to $299,900. In the past 6 months, home sales prices in River Oaks ranged from $235,000 – $310,000. A 1400 sq.ft. one story short sale on Cornell Ct. sold for $235,000 and a 2086 sq.ft. two story foreclosure (REO) on Jesselle Ct sold for $310,000. The average selling price was approximately $285,000 after 76 days on market with an average price per square foot of $134. The smaller one story models sold for between $235,000 – $260,000 (there was also one larger one story home on Melanie Ct. which had a 500 sq.ft. addition which sold for $290,000 — but that was the exception not the rule). The larger two story models ranged between $265,000 – $310,000, with an average sales price of about $285,000. The largest home in River Oaks during this period was on Murray Drive and it had 5 bedroom, 4 baths and sold for $310,000.
Click here to search for available homes in the River Oaks development, or if you would like a list of other available Santa Maria homes, send me an email at tni@mintprop.com and request automatic email alerts on new properties as they hit the market in Santa Maria and Orcutt. If you would like a private tour of available homes in River Oaks in Santa Maria, give me a call today at (805) 878-9879.
*Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the market.
Lake Marie Estates is a secluded enclave of executive and luxury homes in Orcutt, located east of Highway 101, off the Clark Avenue exit. When exiting 101 on Clark, instead of heading west toward downtown and Old Town Orcutt, head east toward the vineyards and wineries. Lake Marie offers a truly rural setting that is just minutes away from shopping and other conveniences.
In the Santa Maria - Orcutt California area, there are currently 667 active, contingent, or pending homes and condos for sale. Of those 667 homes, 167 are foreclosure listings. Of those 167 REO listings, 7 are “contingent REO.” A contingent REO is a foreclosure listing with a verbally accepted offer.
Tni LeBlanc, JD, M.A., e-PRO