Eight new homes have been released and are now available at the Pine Creek community at Rice Ranch in Orcutt. The new release is offered earlier than anticipated due to exceptionally strong sales at the community as home buyers take advantage of historically low interest rates. The early release of homes demonstrates once again that Rice Ranch is the Central Coast’s fastest selling new home neighborhood. The new homes include both one- and two-story designs. Several of the homes in this new release feature three-car garages.
“These are unquestionably some of the best homesites at Pine Creek,” stated Rhonda Scangarello, Community Sales Representative for Rice Ranch. “These homesites average 8,000 square feet and all are quiet cul-de-sac lots. The homes in this new release are ideal for families.”
Homes at Pine Creek range in size from 2,085 to 2,878 square feet and offer up to 5 bedrooms. According to Scangarello, this new release offers an unparalleled opportunity for new home ownership at one of the Central Coast’s most attractive master planned communities. “People are absolutely seeing the value in the real estate marketplace right now. Interest rates and prices are both at historic lows. It is the ultimate buyer’s market. With a 20% down payment and good credit, our buyers are seeing payments of just over $2,000 per month. We’ve had six homes at Rice Ranch close within the past month and final appraisals are coming in over the final sales price. This appreciation is definitely a sign the local housing market is in recovery.”
Pricing on the new release starts at $515,000 for the popular, 2,085 square foot single-story Residence 3. In addition to outstanding pricing and historically low interest rates, each of the homes in the new release offers a $10,000 builder credit which can be used towards upgrades or closing costs.
At the heart of the success of Rice Ranch is an outstanding array of community amenities, including a $10 million, 26-acre regional park featuring championship soccer fields, youth and adult baseball fields, dog parks, playgrounds, a tot lot and a picnic area. Unlike most developments, the regional park is maintained by the Parks District, not the Rice Ranch home owners association. Rice Ranch also includes approximately 350 acres of open space and preserved natural habitat and miles of walking trails.
For more information on Rice Ranch, call Rhonda Scangarello at (805) 938-0626. To visit the models, take 101 to Clarke Avenue and exit west; turn left on Bradley and right on Rice Ranch Road.