Great Park Neighborhoods

NEW -> Contingent Buyer Assistance Program
Not really a fan of Sagewood's floorplans, 2 should have an upstairs loft space and 3 should give you more options for that suite area.

I guess the higher the price the less available... although Whistler is having issues. I think because it feels a bit crowded in those plans... although they are nicer to me than Mulberry in CV.
 
bones said:
I finally visited most of the new tracts (everything Whistler and up except for Melrose) at PP.  Here's my view of sales, etc:

1) Whistler (William Lyon) - Not sold out.  I would say they've maybe sold 1/2 of what they've released.  I'm surprised because you can get a 5 bedroom + loft in that plan 3 for under $1M.  But lot sizes are not that great.
2) Sagewood (Shea) - Both phase releases are completely sold out.  Decent # of folks on the priority list.  Great lot sizes.  All 3 floorplans appeal to a lot of folks.
3) Rosemist (Lennar) - From what I gather, some Plan 1 and 2s may be available from Saturday's release.  Their everything included program makes these a "value buy" over comparable homes (i.e. Sagewood).  Lot sizes are unimpressive though.  Approx 5500 sf.
4) Hawthorne (Pulte) - Quick move-ins available.  They are offering $8k in closing costs or design center credits if you use their in house lender.  Not sure how competitive the rates are.  All the good lots have been sold.  I suspect they will have a hard time selling the smaller lots.  Downstairs master doesn't have a wide appeal.
5) Harmony (K.Hov) - Not sold out - maybe half of their phase sheet said sold?  Their pricing also seems very high.  Lot size is averages 6,000 sf which is pretty small given house size.
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They seem to be super aggressive about phase releases. 

One thing I was annoyed by was the "yard not actual size" thing for the model home.  It seems like a serious bait and switch.
 
I can speak for RoundTree, most lots have 10 foot depths and for Springhouse, around 18-20 foot depths which is around half the size of the model homes.  One model home had a pool in the back.

The largest model home, Melrose by Ryland had a nice Vegas like pool with Encore Beach Club Cabanas in the backyard which had La Cantina Glass Folding Doors which looked pimp.

I would probably charge cover if you add a DJ but since it's Irvine, the IPD would be there in 15 minutes, all 4 cop cars of them...
 
I visited the Great Park PP today for the first time since the models were completed. I like the look and feel of the neighborhood (although those black walls throughout the neighborhood are odd, ugly and out of place). Except for that, I like the layout and general landscaping throughout the neighborhood. I visited 4 sets of models today (Rosemist, Springhouse, Beachwood and Whistler) and nothing really stood out. The lot sizes of the models at Springhouse were nice, but as clearly noted at the models, those lot sizes are not typical. Other than that, nice but rather ordinary homes. I'll take just about any of these though over what's offered by TIC; some were at least interesting floorplans.

The best part of the model tour was the fact that there were no sales office trap gates, and the sales staff didn't require you to fill out a form before they'd hand you a brochure. They were very low-key, which is the way it should be. No pressure sales reps and setup reminds me of Lambert Ranch sales.

I'll make a trip out again to PP another day to visit the rest of the models. I can only take so much in one day.
 
Stopped by again today to check out the smaller models but there was some film crew taping what looks like some Great Park commercial in one of the Beachwood models.

They were also filming on Compass and in the central park area. Anyone else notice that? It was around 3-4p today.

The golf carts are gone so it seemed more crowded because cars were parked all over the place.
 
Overheard while going through models:

Sales: To get on the priority list you need to prequalify with our lender.
FCB: We are not financing, we are paying all cash.
Sales: You would still need to provide proof of funds.
FCB: No problem

(I thought he was going to throw a suitcase on the table and pop it open)

FCB Realtor: Where is most of his money?
FCB Client: He has it invested in different things.
FCB Realtor: That's not the same as putting it into a house where his family will be living.

Seriously... I am not making these up.
 
I am just amazed at how many FCBs will buy homes in Irvine... regardless of where it is as long as it is in Irvine.

The crappy thing about buying a new home... the long wait for move-in date.

Even though the builders had prebuilds... the next phases have move-in dates of May/June.

I can't imagine waiting that long for a home... gone are the days where you can come in, buy standing inventory and negotiate on it.
 
Anyone know if the playground/tot lot is open to visitors?  Want to try visiting the models again but want something to keep the kiddo busy. 
 
Every time we go there our kids play in the playground/tot lot along with other people kids who are visiting the models.  We have been there at least half a dozen times. 
 
ps9 said:
Anyone know if the playground/tot lot is open to visitors?  Want to try visiting the models again but want something to keep the kiddo busy. 
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I  think it always has been. That's where the kids go after the models tour (we were there yesterday).
 
So it looks like ~10k GP homes is a done deal. Besides the pro forma City Council vote, are there any other agencies that need to approve?

GP and Tustin Legacy should bring online a massive amount of housing over the next decade in the Irvine area. It will be interesting to see how well these master plans are executed.
 
Given this volume of housing units coming onboard in Irvine and Tustin, are there sufficient buyers to absorb this inventory.  Obviously it will take years to build but what is the impact to housing prices in Irvine over the next several years?  Also, are the future locations of the housing units better or worse than the current location, i.e. Pavilion Park?
 
East side of PP will be closer to more industrial buildings and closer to the border of LF and FR.  Some have commented on being close to the Great Park is good but not exactly in the Great Park as it will attract visitors.

Tustin Legacy advantage is price point.  You could say a similar property there would be cheaper but that view of that big monstrosity is..
 
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