1180 Terrazzo Way, Santa Maria, CA 93455, Santa Maria, 93455 - 3 bed, 3 bath
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Santa Maria, CA 93455
This Turnkey Single-Family Residence is a High-Potential Investment Opportunity, listed at $1,018,800. While currently priced above the $895,388 Fair Market Value, the property offers significant long-term upside through its Significant Expansion Potential, featuring a pre-framed, plumbed, and wired upstairs area. With a Condition Rating of 3, this former model home provides a premium lifestyle with a South-Facing Backyard and Park Views. Located near Orcutt Junior High and Righetti High, this home is an ideal acquisition for Owner-Occupants or Value-Add Investors seeking a prestigious Santa Maria address.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1180 Terrazzo Way Subject | $899,900* List Price | 3 | 3 | 1,879 | $467 | - |
A 279 Wilson Sold | $743,500 | 3 | 2 | 1,498 | $496 | 0.8 mi |
B 4347 Manchester Sold | $812,000 | 4 | 3 | 2,216 | $366 | 0.6 mi |
C 275 Meadowbrook Drive Active | $989,000 List Price | 4 | 3 | 2,097 | $472 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2008, this 18-year-old property falls within the 10-20 year age bracket. The home is in turnkey condition with well-maintained systems, including a tankless water heater and modern attic ducting. The interior features high-quality finishes like crown molding and wainscoting, making it fully move-in ready and functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8276, living area = 1879.
The property features a pre-framed, plumbed, and wired upstairs area, offering a rare and streamlined opportunity to increase square footage and property value.
A south-facing backyard equipped with a built-in grill, fireplace, and fountain provides an exceptional space for entertaining complemented by serene park views.
While the upstairs is prepped for expansion, the buyer must navigate the municipal permitting process and incur additional construction costs to finish the space.
The assigned public schools carry ratings between 5 and 6, which may be a consideration for families prioritizing top-tier academic districts at this price point.
Unrivaled privacy, premium model upgrades, and a rare expansion opportunity await in the desirable Old Mill Run community near charming Old Orcutt. This stunning Cotswold floor plan sits on a premier lot with no neighbors directly across the street or behind, offering rare openness and tranquility. ROOM TO GROW: Move in today and expand tomorrow! This pristine home features a built-in opportunity to add space and equity. The second-floor features approx. 588 sq. ft. of bonus space already framed, plumbed, and wired for a potential 1-bed, 1-bath, and lounge addition (permit required). Ideal for a guest suite, home office, media room, or teen retreat. MODEL-HOME LUXURY: As a former model, this property features premium upgrades. A private, gated courtyard welcomes you into a bright single-story layout filled with natural light from a coveted southern exposure. • Living & Entertaining: The spacious living room with fireplace opens seamlessly to the gourmet kitchen and formal dining. Enjoy a whole-home speaker system, under-cabinet lighting, and central A/C. • Primary Retreat: The split-bedroom design ensures privacy. The primary suite boasts two walk-in closets and a spa-inspired bath with a soaking tub, separate shower, and peaceful backyard views. RESORT-STYLE OUTDOOR LIVING: Step into a low-maintenance backyard oasis built for effortless entertaining. Cozy up by the outdoor fireplace, host BBQs at the built-in grill station, and relax to the sounds of the tranquil water fountain. ADDITIONAL FEATURES: • Finished 2-car garage with custom built-ins, epoxy flooring, and tankless water heater. • Advanced home security system. • Clubhouse Access: Homeowners qualify to join the nearby Foxenwoods Clubhouse, featuring swimming pools, tennis courts, an exercise room, and social spaces. This isn't just a home; it's an investment in a lifestyle. Don't miss the best value in Orcutt—schedule your tour today! Check out this highlight video: https://unbranded.visithome.ai/JoBXyW6eTtt9M2wzaenSDT?mu=ft
No exterior & parking available.
Grades K-6 • 1.3 mi
Grades 7-8 • 0.9 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 52% |
| Square foot | 1,879 | 1,862 | 52% |
| Lot Size | 8,276 | 9,583 | 42% |
| Price | $899.9K | $789.9K | 79% |
| Price per sq ft | $479 | $419 | 73% |
| Built year | 2008 | 1980 | 91% |
| HOA | $125 | $0 | 90% |
| Days on market | 25 | 173 | 1% |
Jun 2, 2026
$899,900
$998,000
-10% Price Drop
Initial Listing
May 22, 2026
$998,000
$1,018,800
-2% Price Drop
Initial Listing
May 12, 2026
$1,018,800
Initial Listing
May 28, 2010
$330,000
Public Record