Author Topic: New communities in Portola Springs  (Read 70851 times)

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Offline mellorooster

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Re: New communities in Portola Springs
« Reply #510 on: August 08, 2022, 11:37:20 PM »
Does anyone know if there’s plan to build a shopping center in PS?

Offline USCTrojanCPA

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Re: New communities in Portola Springs
« Reply #511 on: August 08, 2022, 11:38:57 PM »
Does anyone know if there’s plan to build a shopping center in PS?

There's no more land to build a shopping center in PS, the closest shopping center that will be built will be at the Great Park.
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Offline Sysko

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Re: New communities in Portola Springs
« Reply #512 on: August 09, 2022, 03:41:51 AM »
I heard that CalPac has began offering a broker co-op of $18k for Sierra and $13k for Lapis.

Wow...that's a far cry from no broker co-op.

I knew it was just a matter of time since Toll increased their broker co-op at The Meadows.  If sales continue to be slow you'll see iPac and CalPac increase their broker co-op from 0.75% to 1% closer to 2% like Toll's broker co-op.  That's what happened back in 2014 when the market slowed down from the big price increased in late 2012 and 2013.

CalPac has posted a Sierra home on MLS with a Buyer's Agent Commission of 1.05%

https://www.redfin.com/CA/Irvine/106-Bouquet-92618/home/180930515

Offline USCTrojanCPA

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Re: New communities in Portola Springs
« Reply #513 on: August 09, 2022, 08:54:38 AM »
I heard that CalPac has began offering a broker co-op of $18k for Sierra and $13k for Lapis.

Wow...that's a far cry from no broker co-op.

I knew it was just a matter of time since Toll increased their broker co-op at The Meadows.  If sales continue to be slow you'll see iPac and CalPac increase their broker co-op from 0.75% to 1% closer to 2% like Toll's broker co-op.  That's what happened back in 2014 when the market slowed down from the big price increased in late 2012 and 2013.

CalPac has posted a Sierra home on MLS with a Buyer's Agent Commission of 1.05%

https://www.redfin.com/CA/Irvine/106-Bouquet-92618/home/180930515

Yeah, the commission is $18k for all of their Sierra homes.
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Offline irviniteeee

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Re: New communities in Portola Springs
« Reply #514 on: August 09, 2022, 01:43:38 PM »
What's everyone's opinion on Sierra vs the current IP projects that are similarly priced? Motorcourt homes vs SFR's, but I feel like each has pros and cons.

Offline CalBears96

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Re: New communities in Portola Springs
« Reply #515 on: August 17, 2022, 02:02:42 PM »
So CalPac is giving $16k incentives for closing costs/rate buy down for Lapis. Wonder if this is on top of commission or just incentives.

Offline Portolaresident

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Re: New communities in Portola Springs
« Reply #516 on: August 17, 2022, 04:59:06 PM »
$1.4M with $400+ HOA next to toll road for attached condo, Pass ::)
I understand it's Irvine and Portola, but how can one justify the asking price for these homes? Sierra plans are not much better either. 

Offline CalBears96

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Re: New communities in Portola Springs
« Reply #517 on: August 17, 2022, 05:02:21 PM »
$1.4M with $400+ HOA next to toll road for attached condo, Pass ::)
I understand it's Irvine and Portola, but how can one justify the asking price for these homes? Sierra plans are not much better either.

Well, Sierra homes are like $1.8M, but I do agree that Lapis should be below $1.3M.

Offline irviniteeee

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Re: New communities in Portola Springs
« Reply #518 on: August 23, 2022, 01:44:13 PM »
Now that models seem to be open and real photos are available, what does everyone think about Azul? I still feel like my initial thoughts are still valid...what kind of dining spaces are these in a 2M+ home?

https://www.irvinepacific.com/media/4070/2238-03-pl1_kitchen_azul_irvinepacific_ericfiggephotos.jpg
https://www.irvinepacific.com/media/4081/2238-14-pl3_kitchen_azul_irvinepacific_ericfiggephotos.jpg

And I still stick by what I said about this weird kitchen layout initially. I don't understand why they just have an empty space that juts out with no room for any furniture

https://www.irvinepacific.com/media/4074/2238-07-pl2_kitchen_azul_irvinepacific_ericfiggephotos.jpg



Offline CalBears96

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Re: New communities in Portola Springs
« Reply #519 on: August 23, 2022, 01:58:30 PM »
I just don't like Azul's floorplan (any of them) overall. If I had to spend that type of money, I would definitely go for Cielo instead.

And I wouldn't sell my Bluffs 2 to buy Azul. Azul has better master bed/bath/closet than Bluffs 2, but that's pretty much all the advantage it has. It's not worth spending like $500k for that.

Offline bones

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Re: New communities in Portola Springs
« Reply #520 on: August 23, 2022, 02:59:37 PM »
Are these selling at asking? I heard one lot at azul sold for $200k less than the published price. Not sure if it’s rumor or not.

Offline irviniteeee

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Re: New communities in Portola Springs
« Reply #521 on: August 23, 2022, 03:11:28 PM »
Are these selling at asking? I heard one lot at azul sold for $200k less than the published price. Not sure if it’s rumor or not.

Oh wow, that would be interesting. I wonder. I will say they just seem super expensive for PS. I know PS is becoming more and more desirable and the market is crazy, but almost 3M for PS seems insane.

Offline CalBears96

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Re: New communities in Portola Springs
« Reply #522 on: August 23, 2022, 03:33:12 PM »
Are these selling at asking? I heard one lot at azul sold for $200k less than the published price. Not sure if it’s rumor or not.

Unless IP priced them at crazy high prices, which I doubt, then I don't think they would sell that much below published price. They would rather give incentives and such than selling at lower price.

Offline someguy

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Re: New communities in Portola Springs
« Reply #523 on: August 23, 2022, 05:42:15 PM »
And I wouldn't sell my Bluffs 2 to buy Azul. Azul has better master bed/bath/closet than Bluffs 2, but that's pretty much all the advantage it has. It's not worth spending like $500k for that.

I wish Talk Irvine's search function was robust enough to count the total number of times you've mentioned your Bluffs 2 house and the average duration between mentions.  Lol.

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Offline bones

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Re: New communities in Portola Springs
« Reply #524 on: August 23, 2022, 05:54:29 PM »
Are these selling at asking? I heard one lot at azul sold for $200k less than the published price. Not sure if it’s rumor or not.

Oh wow, that would be interesting. I wonder. I will say they just seem super expensive for PS. I know PS is becoming more and more desirable and the market is crazy, but almost 3M for PS seems insane.

I'm not sure it's true but how would we know? IP isn't going to volunteer that information - to me anyway.
As far as floorplans, I could be talked into Azul 3.  The den/bedroom or bedroom/suite is nice. I like the height of the great room, but agree that the dining area is weak. I know why IP is the builder here but it would have been fun to get another builder into these tracts to flex the designs a bit.

 

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