An update on the McMansions off the freeway – grand opening was April 5th:
Category Archive: ‘Leucadia’
Hat tip to daytrip for sending in this cliff-front house on the edge – hopefully someone has a camera on this 24/7!
A luxury house in Texas, perched on a cliff with a spectacular view of Lake Whitney, has started falling into the water. The edge of the 4,000-square-foot home was dangling about 75 feet above the rocky shoreline after part of it had already broken off.
Soil and other debris could be seen falling occasionally from the foundation of the home at the 0.46-min mark.
A small sign reading “Extreme danger. Stay off premises” was placed in the front yard as neighbors looked on helplessly.
Phase 1 was released last Saturday with six homes available, and it doesn’t look like they sold any yet (the hostess didn’t know):
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:
This is one of the few places where you can find newer, larger one-story homes on good-sized lots. No wonder it blew of the market in the first few days, and over list price!
In the first four months of 2012, there were 67 REOs listed for sale in NSDCC. This year there were 24 – not counting this one: