Category Archive: ‘Builders’
The SP models at Del Sur – a limited-edition collection of elegant estate-caliber homes enhanced by generous interiors and expansive outdoor spaces. The Mello-Roos ranges from $6,600 to $7,200 per year, depending upon purchase price and square footage. They have three canyon-front houses for sale currently, all in the $1,220,000s:
Here is an intro to Davidson’s Arterro at La Costa Town Square:
Phase 1 prices range from $1,029,900 for 3,843 sf ($268/sf) to $1,129,900 for 4,384 sf ($258/sf ).
You don’t see this every day – two houses plus a studio built in 1935 on two lots totaling 2.31 acres in Old Carlsbad:
These new homes next to the Crosby look reasonably priced – well, except for the HOA and Mello-Roos fees. They have five of these Plan-2 houses for sale, starting at $250/sf, which isn’t bad for homes with the master suite downstairs, private guest suite, and lot sizes that average 18,000sf.
But the monthly fees will make your head spin, and probably why they have standing inventory.
HOA fee at build-out = $536/mo.
Mello-Roos = $543 to $887 per month, depending on size of house/lot.
Combined total = $1,079 to $1,423 per month.
People are clamoring for more on the La Costa Town Square:
Arterro is the name of the Davidson tract. From their website:
Located off Rancho Santa Fe Road just east of La Costa Avenue, Arterro is a 22-acre residential element of La Costa Town Square, a planned 285,000-square-foot shopping center being developed by the Safeway division on 83 acres.
“A big plus for our homeowners is the ability to walk to several markets and other specialty services,” said Davidson, who noted that the anchor tenant is a 60,000 square foot Von’s store. La Costa Town Square is scheduled to open in mid-2014.
Arterro is on track for a Early 2014 opening.
Wondering about future development in North San Diego County?
Looking for “A Balanced Life”?
Or have you been longing for Night Ranger-like background music?
The new homes being sold in Carmel Valley are about the best thing that could happen for the resale market.
Buyers get to secure their place on ’the list’, and use it as a marker for resale comparisons over the next 3-6 months while waiting for their number to come up.
But it’s a long wait – if you are selected to purchase in the latest phase, then closings are scheduled for June, 2014. Resales offer occupancy months earlier, and for anxious buyers that is a big plus. Just the certainty of buying now vs. maybe-late-2014-or-2015 is worth something – probably 5% to 10%.
Pardee benefits too; they sell every house before they break ground, and can raise the prices steadily along the way:
The two big Pardee tracts in Carmel Valley haven’t disrupted the resale market – instead, with deliveries being so far out, they have probably helped resales which have a more-immediate occupancy.
Leucadia might be different - Shea is building enough new mid-range homes that the resale market might feel it next year.
At this location off Vulcan, Shea is building 39 houses from 2,520sf to 3,041 sf (which hopefully should start under $1,000,000), and 30 townhouses from 1,276sf to 1,575sf. They decided not to use my suggested Train Track Estates:
This should complete our run through Leucadia for now, though there is an ample supply of new homes coming to market over the next 6-12 months that we will chronicle later: