Montecito / Sonoma / Carmel Pricing

NEW -> Contingent Buyer Assistance Program
iacrenter said:
traceimage said:
I was picking someone up from Woodbury today and had a few minutes to kill, so I drove around the new developments today to see how they're coming along. Seeing Carmel and Montecito built out a little bit, it was just so shocking to me how little space you get for the price. (I'm talking about lot size, not interior square footage.) Even if I were in the market for a $1m dollar house, I can't imagine choosing one in a motorcourt and without a real driveway. For that much money, I feel there should be not only be a real driveway, but also a bigger lot, really big yard, nice view, or a timeless prestigious address like Newport Beach. To each his/her own, and if people want these houses then that's great for them, but personally I just can't imagine plunking down this kind of money for this.

I know this has been discussed ad nauseum already, but actually having seen the houses today...it was really astonishing.

 
Click to expand...

To be fair Montecito is priced from the high $700K and you do get a private driveway (though off of a motorcourt). The $900K+ Carmel homes are NOT on a motorcourt but have a traditional SFR format with a private driveway off of a road.

That being said, I agree that the homes are too expensive for my taste; especially when you factor in MR and HOA fees. I enjoy the modern layouts but the zero lot lines and tiny backyards kill me.

Obviously there are many new WB owners who strongly disagree with our views. They chose to buy for a myriad of reasons and so the TIC gravy train continues.
Click to expand...
I can almost guarantee you that there were no Montecito home that closed under $800k (with upgrades and landscaping) and no Carmel home that closed under $1m (with upgrades and landscaping).
 
When i was looking at carmel i heard a few buyers did not take any (or very few) upgrades from the builder.  So some might have closed under $1M but I'm sure the price went up with post close upgrades and landscaping
 
nytransplant said:
When i was looking at carmel i heard a few buyers did not take any (or very few) upgrades from the builder.  So some might have closed under $1M but I'm sure the price went up with post close upgrades and landscaping
Click to expand...

Under $1M is very possible with Plan 1 which was about $910K if you don't opt for the 2nd master suite upstairs.
 
USCTrojanCPA said:
iacrenter said:
traceimage said:
I was picking someone up from Woodbury today and had a few minutes to kill, so I drove around the new developments today to see how they're coming along. Seeing Carmel and Montecito built out a little bit, it was just so shocking to me how little space you get for the price. (I'm talking about lot size, not interior square footage.) Even if I were in the market for a $1m dollar house, I can't imagine choosing one in a motorcourt and without a real driveway. For that much money, I feel there should be not only be a real driveway, but also a bigger lot, really big yard, nice view, or a timeless prestigious address like Newport Beach. To each his/her own, and if people want these houses then that's great for them, but personally I just can't imagine plunking down this kind of money for this.

I know this has been discussed ad nauseum already, but actually having seen the houses today...it was really astonishing.

 
Click to expand...

To be fair Montecito is priced from the high $700K and you do get a private driveway (though off of a motorcourt). The $900K+ Carmel homes are NOT on a motorcourt but have a traditional SFR format with a private driveway off of a road.

That being said, I agree that the homes are too expensive for my taste; especially when you factor in MR and HOA fees. I enjoy the modern layouts but the zero lot lines and tiny backyards kill me.

Obviously there are many new WB owners who strongly disagree with our views. They chose to buy for a myriad of reasons and so the TIC gravy train continues.
Click to expand...
I can almost guarantee you that there were no Montecito home that closed under $800k (with upgrades and landscaping) and no Carmel home that closed under $1m (with upgrades and landscaping).
Click to expand...

Under $800K for Montecito is very possible is you got a Plan 1 in the first few phases.
 
traceimage said:
I was picking someone up from Woodbury today and had a few minutes to kill, so I drove around the new developments today to see how they're coming along. Seeing Carmel and Montecito built out a little bit, it was just so shocking to me how little space you get for the price. (I'm talking about lot size, not interior square footage.) Even if I were in the market for a $1m dollar house, I can't imagine choosing one in a motorcourt and without a real driveway. For that much money, I feel there should be not only be a real driveway, but also a bigger lot, really big yard, nice view, or a timeless prestigious address like Newport Beach. To each his/her own, and if people want these houses then that's great for them, but personally I just can't imagine plunking down this kind of money for this.

I know this has been discussed ad nauseum already, but actually having seen the houses today...it was really astonishing.
Click to expand...

As a buyer of Carmel I, I actually tend to agree with you. We would love to have bigger lots (6000 sq ft would be sweet, we don't want anything too big as maintenance gets to be a pain.) We'd love to have a view too... and New Port was our first choice, but a 3000 sq ft SFR would be at least 1.5 million, and probably closer to 2 million. And after shopping around, we decided we preferred new constructions over resale homes so we can customize them to our liking and not having to worry about remodeling. And since we didn't need the house right away, new constructions makes more sense schedule wise too.

We like Newport and Irvine, but it was not a must because most of our family and friends are up in LA, but after looking around, Carmel seem like the best option. We saw some of the new constructions by Toll Brothers and MBK over at Yorba Linda... they had views and much bigger lots, but some of the surrounding environments are pretty bad. So yeah, we wish there were better options, but with the lack of inventory in Irvine, Newport out of our price range, and not wanting to go further south because it would take us too far from family & friends, it came down to Carmel/Montecito/Sonoma.

And though not perfect, we are still excited and happy with our new purchase.
 
Was by sonoma this weekend.  The have bout 6 homes left.  Two of the models have not sold yet - Plan 1 and Plan 3.  I guess alot of people though the models were over-priced
 
One week later and 6 homes remain in Sonoma - moslty plan 1's

3 from the last phase:
Plan 1A - 4996 sq ft lot - $793,500
Plan 1 BR - 3780 sq ft lot - $784,500
Plan 1 CR - 3365 sq ft lot - $769,500

2 Models and the buildout
BO - Plan 3CR - 3726 sq ft lot - $908,500
Model 1AR - 3642 sq ft lot - $932,615
Model 3D - 3807 sq fot lot - $1,056,335
 
nytransplant said:
One week later and 6 homes remain in Sonoma - moslty plan 1's

3 from the last phase:
Plan 1A - 4996 sq ft lot - $793,500
Plan 1 BR - 3780 sq ft lot - $784,500
Plan 1 CR - 3365 sq ft lot - $769,500

2 Models and the buildout
BO - Plan 3CR - 3726 sq ft lot - $908,500
Model 1AR - 3642 sq ft lot - $932,615
Model 3D - 3807 sq fot lot - $1,056,335
Click to expand...

thanks for the update... can you let us know if they start doing incentives to move these?  doubtful but wishful
 
nytransplant said:
One week later and 6 homes remain in Sonoma - moslty plan 1's

3 from the last phase:
Plan 1A - 4996 sq ft lot - $793,500
Plan 1 BR - 3780 sq ft lot - $784,500
Plan 1 CR - 3365 sq ft lot - $769,500

2 Models and the buildout
BO - Plan 3CR - 3726 sq ft lot - $908,500
Model 1AR - 3642 sq ft lot - $932,615
Model 3D - 3807 sq fot lot - $1,056,335
Click to expand...

Wonder if it is hard for them to change plan 1s to plan 2 and plan 3.  It will sell faster if they do.
 
The remaining plan 1A is actually from phase 12.  Its along sand canyon, which is why its probably hard to sell.

I'm not sure why the build out plan 3 is hard to sell?
 
nytransplant said:
I'm not sure why the build out plan 3 is hard to sell?
Click to expand...
Probably the cost. With promise of bigger lots for Carmel... it may be holding people back who can afford to throw in another $100k+ for Carmel II.

 
irvinehomeowner said:
nytransplant said:
I'm not sure why the build out plan 3 is hard to sell?
Click to expand...
Probably the cost. With promise of bigger lots for Carmel... it may be holding people back who can afford to throw in another $100k+ for Carmel II.
Click to expand...

I am afraid that Carmel II will be at least $200K more than Sonoma, probably close to $300K more.
 
nytransplant said:
It looks like there will only be 3 left at sonoma.  The plan 1 model and two plan 1's from the last phase
Click to expand...

Wonder if Sonoma will lower the price on Plan 1 now that there are 3 plan 1's left.  Probably not, but we will hav wait and se.e.
 
And then there was one.  Only one Sonoma Plan 1 remains.  Its on Rolling Green  - from the last phase.

Also, as I drove by today, right across the street from the sonoma homes on rolling green are 4 signs for carmel lots.  Two of the lots have "in escrow signs"  Didn't realize that carmel II would be that close to sonoma.
 
irvinehomeowner said:
I stopped by Sonoma today also and was told the same thing. I'm surprised they were able to sell the model Plan 1 for $935k.
Click to expand...

Currently, only new construction, traditional SFR (non-motorcourt with driveway) available  is Carmel II and upcoming Las Colinas.  You will have to pay $1M+ for these homes.  Maybe that motivated the buyer to buy the Plan 1 model house.
 
There were probably some incentives on these last homes... but as we were driving away from Sonoma... I was still amazed at how fast they built out and sold that project and the other ones in Woodbury/WBE.

I know I always talk about FCBs but to actually see it in action is quite surreal... I notice graphrix and the other naysayers have been completely silent about this... even on OCR.
 
You must log in or register to reply here.
Back
Top