irviniteeee
Active member
I still can't believe PS is where it is today. Prior to you living there, it was way more affordable than other parts of Irvine...sort of a hidden gem (though not really a secret place), now it's Orchard Hills Jr.
Luna Park in Great Park Neighborhood
- Thread starter agp2572
- Start date
NEW -> Contingent Buyer Assistance Program
I remember the day we moved in, a realtor (Mina Wan) was having Open House on the Bluffs 1 across from our house. We talked to her a little bit and she said that PS is going to be the next big thing in Irvine. When we bought our home, the base price for Bluffs 2 was around $575/sq ft, and she said that PS will going to be around $850/sq ft within a couple of years. I told my wife that Mina was crazy. Now look at where we are. Homes are selling anywhere from $900/sq ft to $1150/sq ft. And these are not even view lots. Some view lots are going at $1500/sq ft.
To get to the 405 from Foothill Ranch takes me about ~8 minutes. Spectrum in around the same time. And I have a less than 5 minute drive to Target, Home Depot, Walmart, Ralphs, and a bunch of fast casual takeout food.
As others have mentioned, have you determined an accurate estimate of Mello Roos you would pay in Luna Park?
CalBears96
Well-known member
It was still kind of affordable when I first bought Bluffs there.
I remember the day we moved in, a realtor (Mina Wan) was having Open House on the Bluffs 1 across from our house. We talked to her a little bit and she said that PS is going to be the next big thing in Irvine. When we bought our home, the base price for Bluffs 2 was around $575/sq ft, and she said that PS will going to be around $850/sq ft within a couple of years. I told my wife that Mina was crazy. Now look at where we are. Homes are selling anywhere from $900/sq ft to $1150/sq ft. And these are not even view lots. Some view lots are going at $1500/sq ft.
We just joined in the priority list and we did not paid initial 3% yet. Yes, we decided stay close to i5 and 405.Sounds like you have made a great choice. GP definitely needs more buyers with this kind of mentality. Welcome to Irvine.
CalBears96
Well-known member
You only pay that deposit when you reserve a home.
Personally, I find Portola Springs to be overly hyped and, as you mentioned, quite expensive. I am not inclined to deplete all my savings on a home, especially since a significant portion of the initial investment would go to the lender. I prefer to allocate funds towards my children's college tuition. Additionally, I aim to spend more time at home, reduce travel, and enjoy quality family time, which is why I am considering Great Park.It was still kind of affordable when I first bought Bluffs there.
I remember the day we moved in, a realtor (Mina Wan) was having Open House on the Bluffs 1 across from our house. We talked to her a little bit and she said that PS is going to be the next big thing in Irvine. When we bought our home, the base price for Bluffs 2 was around $575/sq ft, and she said that PS will going to be around $850/sq ft within a couple of years. I told my wife that Mina was crazy. Now look at where we are. Homes are selling anywhere from $900/sq ft to $1150/sq ft. And these are not even view lots. Some view lots are going at $1500/sq ft.
@CalBears96 Is it true that some locations in PS are vulnerable to mudslides?
CalBears96
Well-known member
I'm not aware of mudslide concerns. There are some view lots on the hills and some hills overlooking some homes, but I don't think these hills would cause any mudslides.
sleepy5136
Well-known member
PS has a higher chance of wild fires and has been impacted in the past. PS will burn down before it reaches GP.
ThirtySomethingWEquity
Active member
Have you considered Foothill Ranch? The Meadows is quite nice, or Baker Ranch where I am. I'm also a software engineer working at one of the FAANGs in OC and it's about a 20 minute commute in the morning, and 30 minutes in the evening.
To get to the 405 from Foothill Ranch takes me about ~8 minutes. Spectrum in around the same time. And I have a less than 5 minute drive to Target, Home Depot, Walmart, Ralphs, and a bunch of fast casual takeout food.
@ThirtySomethingWEquity Yes, I also searched in Foothill Ranch, but I was not that impressed with the homes currently on the market. Thank you for your suggestions.
I really liked the Meadows community and TB Builders' construction. Their work is of high quality and thoughtfully designed. Unfortunately, it was too late for us. By the time we visited the Meadows community, they were only selling model homes, which were out of our budget. I remain very impressed with TB Builders' construction.
By the way, do you have kids? If so, I assume you might be considering sending them to OP. However, what are the alternative private schools in Lake Forest for elementary education?
I really liked the Meadows community and TB Builders' construction. Their work is of high quality and thoughtfully designed. Unfortunately, it was too late for us. By the time we visited the Meadows community, they were only selling model homes, which were out of our budget. I remain very impressed with TB Builders' construction.
By the way, do you have kids? If so, I assume you might be considering sending them to OP. However, what are the alternative private schools in Lake Forest for elementary education?
GrowthStateofMind
Member
I live on a hillier part of Portola Springs and saw the same environmental hazard disclosure about the property being located on expansive soil zone as I did on a different property on a flatter part of older Irvine off Jeffrey and Walnut, for what it’s worth.
As others have mentioned, have you determined an accurate estimate of Mello Roos you would pay in Luna Park?
Attachments
Its around $1000
CalBears96
Well-known member
It's impossible for a community in GP to have $1000 MR. The reason GP pays much higher MR than the rest of Irvine is not because of IUSD, but access to GP itself. Since Luna Park is part of GP, MR will be much much higher than $1000. Guaranteed.
irviniteeee
Active member
I'm a big Aliso Viejo fan as well. I just wanted to chime in to say that many homes in Aliso closer to the 133/73 & El Toro are Laguna Beach school district, so you will have to venture all deep into Laguna Beach to send your child to school. Example: Top of the World Elementary & Laguna Beach High which are both one way in and one way out from Aliso basically. If there is any summer traffic, flooding, fires, etc. it will affect the route to the schools.
segalduster
New member
PS is something else. Once the pits of Irvine now getting fully built out. PS has a ways to go, i dont understand how the infrastructure will keep up with the demand. Single lane roads, no bike lanes, poor crosswalk designations. Time will tell
Kangen.Irvine
Active member
PS will always suffer from its lack of commercial until they finally push to connect Portola Parkway to Foothill Ranch. If anything, residents would benefit from a connecting bike path circling back to the Borrego Trail to Irvine Blvd.
I saw the builder broacher and the mello roos range is from $9,600 to $11,500