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Northpoint Circle

Santa Maria, CA 93455
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SqFt173,804.40

Sqft(Lot)

Major Price Reduction! SUMMARY This property offers a developer the chance to acquire a well-defined project with significant, pre-negotiated fee waivers and a resolved airport land use conflict. While it requires re-entitlement, the extensive project history and existing agreements provide a clear and de-risked roadmap for bringing 32 new homes to the attractive Orcutt market. KEY FINANCIAL ADVANTAGES & REDUCED FEES • No School Fees for OUSD: A recorded settlement agreement with the Orcutt Union School District means a future developer will not have to pay school impact fees to the OUSD. This represents a considerable savings, as the current OUSD residential development fee is $3.69 per square foot as of June 2024, a potential savings of $160,000. • No Quimby/Park Fees: A settlement w ith Santa Barbara County states that Quimby/Park fees, currently $5,344 per single-family dwelling, will not be required as the map has already been recorded. This amounts to a potential savings of over $171,000. • No Affordable Housing In-Lieu Fees: The same settlement agreement with the county determined that no affordable housing mitigation would be required for the project, representing another significant potential cost reduction. • HOA Agreement in Place: A mediated settlement with the Northpoint Homeowner's Association (HOA) clarifies that this phase is not required to join the existing HOA but will contribute to shared road and drainage basin maintenance. This agreement provides a clear framework for managing shared infrastructure costs and mitigates potential disputes with the existing association. DEVELOPMENT & ENTITLEMENT STATUS • Expired but Clear Path Forward: While the previous Development Plan for the 32 units expired in 2018, the path to re-entitle the project is straightforward. The buyer will need to undergo a new Development Plan application consistent with the prior approvals. • Favorable Airport Safety Zone Update: A 2023 revision to the Airport Land Use Compatibility Plan (ALUCP) has removed a "no build corridor" that previously conflicted with 15 of the lots, eliminating a significant past obstacle to development. Streamlining Potential: The site may qualify for the permit streamlining provisions of SB 35, as it is in an urban area with 75% of its perimeter already developed.

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Detail Ic Property Details

Property Type : Land

Price : $1,400,000

AD Id : 76235409

MLS Id : PI26059582

Lot Size : 173,804.40 Sqft(Lot)

County : Santa Barbara

Subdivision: Fallbrook

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Feature Features

  • Lot Information

    Main Square Feet: 3.99 Lot Size Acres: 3.99 Lot Size Source: Assessor Lot Size Square Feet: 173,804 Lot Description: 6-10 Units/Acre

    Property Information

    Subdivision: Orcutt West(880) Source Property Type: Land

  • Listing Price Information

    Listing Price: $1400000
    Cash to New Loan, 1031 Exchange

  • Tax Information

    Parcel Number: 107560033 Tax Lot: 116

  • Homeowners Association Information

    Has Association: Yes
    Community Features: Suburban

  • Utility Information

    Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Location Information

    Direction: Union Valley Parkway to Northpoint WaterSource: See Remarks
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
E Clark Ave, Santa Maria, CA, 93455 $13,677,777 -- -- -- 6,883,787 Sqft(Lot)
3920 S Us Highway 101, Santa Maria, CA, 93455 $4,700,000 -- -- -- 534,916.80 Sqft(Lot)
5362 Olive Hill Road, Santa Maria, CA, 93455 $540,000 -- -- -- 98,000 Sqft(Lot)
400 E Waller Lane, Santa Maria, CA, 93455 $1,500,000 -- -- -- 210,395 Sqft(Lot)
31 Cabrillo Highway, Santa Maria, CA, 93455 $4,000,000 -- -- -- 6,346,692 Sqft(Lot)

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ByOwner last updated this listing 08/01/2026 @ 04:28

MLS: PI26059582 LISTED BY: Jason Hart, Hart Commercial Real Estate 805-481-9010 SOURCE: CRMLS

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