Where in the Irvine Ranch was this photo was taken? #7

NEW -> Contingent Buyer Assistance Program
[quote author="irvine_home_owner" date=1249626239]Oh... "ranch"... I was thinking in Irvine... as the IrvineSnob... I know nothing about any other city.</blockquote>


That is OK. Take a baby step to cross over and it is still inside the Irvine Ranch. Doing it few more times should ease your fear.
 
[quote author="bkshopr" date=1249624671][quote author="Mcdonna1980" date=1249624383]Is this within the city boundaries or the ranch boundaries?</blockquote>


Ranch boundary. Interior of the home. Lease is about $27,000/yr inaddition to a regular mortgage.</blockquote>


Was it built in the 50's (saw the wall heater).
 
[quote author="Cameray" date=1249634581]East Bluff NPB?</blockquote>


I don't think it is here. The architecture in the pic does not match this photo. Plus, all the sidewalks in East Bluff are gray cement. Is it just me or does this one look redish?
 
A 99 year lease will end in 21 years. New owner will assume all risk by that time. Asking price is over 1 mil. Most likely the land owner would ask the house owner to move house and build a custom Mcmansion on the site.
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<legend> Attached files </legend> <a href="http://www.talkirvine.com/converted_files/images/forum_attachments/382_jKo3yW0z08qFv0hR8e3q.jpg"><img src="http://www.talkirvine.com/converted_files/images/forum_attachments/382_jKo3yW0z08qFv0hR8e3q.jpg" class="gc-images" title="Ranch inteior 2.jpg" style="max-width:300px" /></a> </fieldset>
 
Final clue neighboring homes asking price $32 million. This home is worth $ 1 million. This should take you to the location.
 
I seriously searched google maps with a fine tooth comb!!! I'm not venturing into this section tomorrow and getting suck in. You through me off with the calculation business.
 
[quote author="bkshopr" date=1249636751]A 99 year lease will end in 21 years. New owner will assume all risk by that time. Asking price is over 1 mil. Most likely the land owner would ask the house owner to move house and build a custom Mcmansion on the site.</blockquote>


Has any of the leased land dwellers sucessfully purchased the land from the Irvine Company?
 
Beacon bay was the ideal second home location for east coast vacationers during the 20's and 30's to escape the winter cold. At that time few people wanted a home along the water. Owners of coastal lots including the Irvine family could not market or sell waterfront properties. During the 30's they were begging buyers to buy a lot and the adjacent second lots were given away as a bonus incentive.



Since no one wanted to spend the money to buy the land and build a home then another creative way was to rent out the land to these vacationers to build their cheap shack with flat stud walls (2 inch wall). Very little were spent on the construction and lease land rent was cheap next to the water. I guess this was the concept of early day time share where owners of these shacks lent their house to families and friends.



This neighborhood is the only one with the front door facing the mew and the garages along the alley. It is one of the most charming neighborhood on the Irvine Ranch.



Passing Beacon Bay over a public bridge is the $36 million and up Harbor Island. There are some famous people living there and it is the most exclusive and the most expensive real estates in all of Newport Beach. What is funny the 26 homes on the island is accessible by the public. Various measures over the years have been put in to intimidate the public from driving over the bridge such as installing an arm guard before the bridge but any one can just push the button. Another method was a full time arm guard decoy that can not prevent the public from driving or walking over the bridge because by law the road is a public street.



I selected this as the trivia because of its outstanding history and lifestyle culture that once was considered financially undesirable.
 
[quote author="Mcdonna1980" date=1249638930][quote author="bkshopr" date=1249636751]A 99 year lease will end in 21 years. New owner will assume all risk by that time. Asking price is over 1 mil. Most likely the land owner would ask the house owner to move house and build a custom Mcmansion on the site.</blockquote>


Has any of the leased land dwellers sucessfully purchased the land from the Irvine Company?</blockquote>


I believe the land was transferred to another entity owner long ago just like Cameo Shores and Highlands. No one have been able to purchase the land to save their home from the inevitable.
 
[quote author="Mcdonna1980" date=1249638436]I seriously searched google maps with a fine tooth comb!!! I'm not venturing into this section tomorrow and getting suck in. You through me off with the calculation business.</blockquote>


You now know a lot more about Beacon Bay! sorry for this difficult trivia. You and Cameray are very good sport. I know that you both would dilligently comb through every street on Google earth looking for the straight mew with a wide patch of grass. No one would ever expected waterfront properties could have this type of wasteful land usage. Common sense would lead all of us to to look away from the coastal adjacencies. Sorry for the tricky strategy and psychology. I have always posted truthful clues and comments. Congratulation for finding the exact location.
 
My great grandparents said pretty much the same thing. They said parcels along Newport Coast were for sale for .10 cents but people viewed them as worthless because the land was no good for farming.



I enjoyed challenge. It was fun. I think I would of got it sooner if it weren't for the "clues".
 
[quote author="bkshopr" date=1249640589][quote author="Mcdonna1980" date=1249638436]I seriously searched google maps with a fine tooth comb!!! I'm not venturing into this section tomorrow and getting suck in. You through me off with the calculation business.</blockquote>


You now know a lot more about Beacon Bay! sorry for this difficult trivia. You and Cameray are very good sport. I know that you both would dilligently comb through every street on Google earth looking for the straight mew with a wide patch of grass. No one would ever expected waterfront properties could have this type of wasteful land usage. Common sense would lead all of us to to look away from the coastal adjacencies. Sorry for the tricky strategy and psychology. I have always posted truthful clues and comments. Congratulation for finding the exact location.</blockquote>


I knew it was down by the water. I could definitely identify the coastal sky by the lack of mountains and smog in the air. I think I mistook those pathways for tennis courts they are so big!
 
[quote author="bkshopr" date=1249640128][quote author="Mcdonna1980" date=1249638930][quote author="bkshopr" date=1249636751]A 99 year lease will end in 21 years. New owner will assume all risk by that time. Asking price is over 1 mil. Most likely the land owner would ask the house owner to move house and build a custom Mcmansion on the site.</blockquote>


Has any of the leased land dwellers sucessfully purchased the land from the Irvine Company?</blockquote>


I believe the land was transferred to another entity owner long ago just like Cameo Shores and Highlands. No one have been able to purchase the land to save their home from the inevitable.</blockquote>


I believe both Cameo Shores and Highlands homeowners were able to purchase their own land. In 1974, Sunny Homes gave up its leasehold interest under an agreement with the Irvine Company. This decision made it possible for Cameo homeowners to purchase their own land, an option most association members have exercised. Also they are the first area which Irvine developed using a "bare-ground lease" concept. And, the first Irvine development in which association membership was automatic with the purchase of a home according to the Cameo Community Association.
 
Hello...newcomer to this forum here. Is anyone here knowledgeable about Irvine Company leases? Specifically Beacon Bay, Newport Beach leases? We own a property here and I have some questions.



Thanks!
 
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