irvine new home buyer
New member
Looking at Ravello in Reserve and Groves. What are the pros and cons of each? Which one is better? Is there any chance of getting either one at this point?
Ravello: Reserve vs Groves
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For $5M, Martin's home would have been much better.
CalBears96
Well-known member
The biggest difference between the two is school district. Reserve is in IUSD while Groves is in TUSD.
And it seems like Plans 4 and 5, which are smaller floorplans, are not available at Groves.
As for any chance of getting either one at this point, I would say very slim chance of getting Reserve. As far as I know, Reserve is starting to sell their last city view lots. Regular Plan 1 is about $2.2M, but these super premium lots start at $3.5M, possibly reaching $4M.
You might have better luck with Groves.
And it seems like Plans 4 and 5, which are smaller floorplans, are not available at Groves.
As for any chance of getting either one at this point, I would say very slim chance of getting Reserve. As far as I know, Reserve is starting to sell their last city view lots. Regular Plan 1 is about $2.2M, but these super premium lots start at $3.5M, possibly reaching $4M.
You might have better luck with Groves.
BlackKnight
New member
Bad school district and occasionally bad air vs better school district and more occasionally bad air. Tough choice if you are lucky to get a spot on wait list.
usctrojancpa
Well-known member
Ravello at the Reserves is basically sold out per the sales people (they have way more buyers on the wait list than actual lots left). So if you want Ravello, it'll be the Groves or nothing.
The Motor Court Company
Well-known member
school wise, Beckman is on par with Woodbridge so not at the same tier as Uni and Northwood. but there is an argument to be made if your kids need any kind of special education IUSD will be better as this is really a district thing. And it also matters for inter school district transfers if you have to move, IUSD is more recognized and respected by other school districts.
irviniteeee
Active member
Just saw that there are some quick move-ins from 4.7M-5M....HA!!
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CalBears96
Well-known member
Those are probably city view lots with almost $2M lot premium. Last time I checked, a Plan 1 non-view lot was $2.8M.
Ravello Groves is sold out and another builder is taking over the remaining land after their phase 12 homes under construction are completed and delivered. IP has now released their last build out phase at Ravello Reserves which have city view lots right next to the model homes ranging from $4M - $5M.
irviniteeee
Active member
I just can't fathom paying 4-5M for a Ravello home compared to what else is out there...is it just me?
sleepy5136
Well-known member
You're not alone. Ravello for 4-5m is a joke. The view isn't even ocean view. With 4-5m you can buy a really nice house with a huge lot in Hawaii. Again, FCB is the reason why Ravello and homes in Irvine are being priced that much. If you take out FCB, Irvine home prices will tumble.
CalBears96
Well-known member
You're not paying for the home. You're paying for the view. I mean, I can't fathom paying $2M for the view, but that's just how it is. The Ravello homes themselves only cost $2.8M to $3M.
For $5M, Martin's home would have been much better.
The Motor Court Company
Well-known member
you are paying for the bragging right. and make sure you have the Mercedes G Wagons parked in the drivewayYou're not paying for the home. You're paying for the view. I mean, I can't fathom paying $2M for the view, but that's just how it is. The Ravello homes themselves only cost $2.8M to $3M.
For $5M, Martin's home would have been much better.
sleepy5136
Well-known member
TBH there is nothing to brag buying a cookie cutter home. This is coming from someone that has one as well.
CalBears96
Well-known member
You're buying a $5M home and you're concerned about paying $170 extra for HOA?If it wasnt gated and $300 HOA, i would seriously consider it.
I don't understand why FCB's keep on buying these homes at these prices which doesn't make any sense, I assume that it has something to do with money laundering to bring their money out of China and park it here by purchasing these significantly overpriced homes so that they don't get caught and risk getting their money seized by the communist Chinese government or their realtors are misleading them about the prices and potential gains...