superbobbay
Member
Celeste is single family detached condo for $700k? Wow that's Lake Forest pricing. Hmm...very tempting!
Portola Springs Neighborhood 4B: Brisa, Celeste and Talise
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NEW -> Contingent Buyer Assistance Program
Grand model opening December 9th. Brisa from low $600K, Celeste from mid $750k, and Talise from low $900k.
WOW. $500/sf+ for detached condos. Is this the new normal?
Friend got a price sheet from Celeste, where 1600 SQFT, Plan 3 is listed at 845K base price+ 35K upgrades= 880. Unbelievable.
Thoughts on the price?
In most parts of Irvine, detached condos are approaching $500/sf (Cypress Village, Eastwood, Stonegate, etc). I think the pricing is a bit high for Portola Springs personally. They would have been better served starting around $460-$475/sf and build momentum. I think it'll take them while to sell all of those homes.
I am considering buying one of the Celeste detached homes at $750k but $511/qt ft. is tough to wrap my brain around. At 1470 sq. ft. it just doesn't give us a lot of extra space to grow into (right now it's just my wife and I). There were tons of people at the grand opening yesterday so we're worried that they will sell quickly and we will miss out on the early phase pricing if we don't jump on it. :-[
range_life
New member
I think I figured it out, I think Celeste is the same as Luna. I was checking out a listing on Redfin (150 Firefly) and realized it's the same as Celeste Floorplan #2.
the.irvine
Active member
Luna in PS, and Jade court at CV were exactly the same floor plans, so is Celeste.
What is the consensus on their floor plans?
What is the consensus on their floor plans?
Their floor plans are very good, one of the best detached condo, under 2,000 s.f. floor plan in Irvine. I think the only one Jade Court floor plan that was a little less popular was the one with 3 floors.
The Jade Court in CV is extremely popular, when it was new, it sold like hot cake. Even now in the existing home market, Jade Court home got sold almost as soon as they pop up.
The Jade Court in CV is extremely popular, when it was new, it sold like hot cake. Even now in the existing home market, Jade Court home got sold almost as soon as they pop up.
range_life
New member
Ah okay, that makes sense. I am a newbie, and didn't know they were the same. I'll expand my search to include Jade. I was pretty bummed I couldn't find any reviews for either neighborhood on IHB.
Irvinecommuter
New member
TIC and 5 points are locked in on pricing. They cannot go down in price because it would substantially undercut other areas that are being sold. Stonegate and Orchard Hills set the market for Eastwood, Beacon Park, PS2.
range_life
New member
Got an email today, Brisa is anticipated at $600k; Celeste is anticipated at mid $700k.
these home with low mello-roos like cypress village east would be reasonable for competition issues with great park homes, but no mello-roos like baker ranch homes just would bring so much more attraction. if these homes sell with $5000 mello-roos like other new areas, then i don't see them selling well at all unless the housing price drop significantly.
irvine buyer
Active member
range_life said:
Grand model opening December 9th. Brisa from low $600K, Celeste from mid $750k, and Talise from low $900k.
usctrojancpa
Well-known member
Went to the grand opening to register a client and here are the prices...
Brisa - Low $600k to Mid $700k around $500/sf with $333/mo HOA and $3,300/year Mello Roos
Celeste - Mid $700k to Mid $800k also around $500/sf with $245/mo HOA and $3,500/year Mello Roos
Talise - Low $900k to High $900ks over $500/sf with $243/mo HOa and $4,050/year Mello Roos (some of the Plan 4s will have view lots)
Brisa - Low $600k to Mid $700k around $500/sf with $333/mo HOA and $3,300/year Mello Roos
Celeste - Mid $700k to Mid $800k also around $500/sf with $245/mo HOA and $3,500/year Mello Roos
Talise - Low $900k to High $900ks over $500/sf with $243/mo HOa and $4,050/year Mello Roos (some of the Plan 4s will have view lots)
the.irvine
Active member
USCTrojanCPA said:
WOW. $500/sf+ for detached condos. Is this the new normal?
Friend got a price sheet from Celeste, where 1600 SQFT, Plan 3 is listed at 845K base price+ 35K upgrades= 880. Unbelievable.
Thoughts on the price?
usctrojancpa
Well-known member
the.irvine said:
In most parts of Irvine, detached condos are approaching $500/sf (Cypress Village, Eastwood, Stonegate, etc). I think the pricing is a bit high for Portola Springs personally. They would have been better served starting around $460-$475/sf and build momentum. I think it'll take them while to sell all of those homes.
eddieuclabruin
Member
USCTrojanCPA said:
I am considering buying one of the Celeste detached homes at $750k but $511/qt ft. is tough to wrap my brain around. At 1470 sq. ft. it just doesn't give us a lot of extra space to grow into (right now it's just my wife and I). There were tons of people at the grand opening yesterday so we're worried that they will sell quickly and we will miss out on the early phase pricing if we don't jump on it. :-[