PHR Toll Brothers

Beginning in the 1980s, Pardee Homes developed almost all of Carmel Valley, and now they are down to the last remaining parcels. For some reason, they sold off 69 prime lots to Toll Brothers, and now plans to go head-to-head with them with their neighboring tract next door.

There was a time when people commented on this blog that PHR was so far out that it was more like Penasquitos Highland Ranch.  But Pardee plowed through the land they’ve held for decades and now they’re down to the last few acres.

Toll Brothers has five floor plans, with two of them being one-story layouts.  The one-story homes range from 4,542sf to 4,765sf, and the two-story plans start at 5,945sf.  Prices range from $1.9 to $3.2 million.  This past weekend was the grand opening, and they have sold seven of the 16 available.

Think the market is tanking?  They had 500+ people attend this weekend.

A video tour of the one-story model:

O-hain New Homes

Close-up photo:

This new-home tract (in red circle) is due east of La Costa and behind Knightsbridge for those who know Olivenhain. These can be described as Robertson-Ranch quality on bigger secluded lots for less than twice the price. This same builder sold out the 1 Channel Island in spite of the odds so they should have a go of it here (Encinitas schools too). Green line is the old dump. Click on any of my photos for larger image.


There are nine models that range in price from $2,094,000 to $3,119,000. The base tax rate is approximately 1.05965%, plus Mello-Roos assessment of $1,430 per year. The HOA fee is $420 per month for private streets, mailboxes, fencing, and common-area landscaping.

Robertson Wrap Up

It was almost four years to the day that the drone visited Robertson Ranch – before the development began.  Here is a post from 4/17/2014 when I was still piloting the drone, and hit my peak elevation:

https://www.bubbleinfo.com/2014/04/17/drone-at-robertson-ranch/

They only have six houses left to sell, plus the models, which means they’ve sold nearly 300 houses at an average of about $1,100,000 (guessing) in the last 2-3 years – or about 100 million-dollar-houses per year:

I’ve sold multiple houses across the street from the R-Ranch for less than $200,000. Now that they can get 13x times that money on what was a strawberry field five years ago is mind-boggling.

New Homes in North County

Reader metta8888 left this comment on the youtube channel that summarizes the 7,611 new homes being built in North County – they are just further out.  As we become more accustomed to driverless cars, these new homes might give coastal buyers some alternatives.

Here is his research on the current and proposed future projects:

1. Meadowood – Pardee Homes is building 844 homes on a 389.5 acre site in Fallbrook, near interstate 15 and state route 76:

http://meadowoodcommunity.c­om/

2. Campus Park. D.R. Horton is building 751 homes in Fallbrook, near I-15:

http://www.drhorton.com/California/San-Diego/Fallbrook

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