Author Topic: New communities in Portola Springs  (Read 42525 times)

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Offline IrvineRealEstate

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Re: New communities in Portola Springs
« Reply #270 on: May 08, 2022, 03:08:12 PM »
@Martin Mania - nice to see that you helped your dad buy at Sierra phase 1.  Sounds like it's a validation of the area.  Has he moved in yet?  Seems there are folks already moved in so would be good to hear a broker's perspective after moving there. 

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Offline USCTrojanCPA

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Re: New communities in Portola Springs
« Reply #271 on: May 09, 2022, 10:29:46 AM »
@Martin Mania - nice to see that you helped your dad buy at Sierra phase 1.  Sounds like it's a validation of the area.  Has he moved in yet?  Seems there are folks already moved in so would be good to hear a broker's perspective after moving there. 

Not yet, there's a lot of work to be done before moving in.  Garage door epoxy flooring done and now waiting on flooring and paint then window coverings.  All of the buyers are all good folks and I actually helped one them sell their exit property to one of my buyers via a pocket listings (thanks to the sales folks at CalPac referring them to me). 

I was going to buy in Portola Srpings back in 2011, Las Ventanas by Taylor Morrison but found a short sale in West Irvine at a great price, so I've always liked Portola Springs myself and have already recommended my buyers consider the area.
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Online CalBears96

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Re: New communities in Portola Springs
« Reply #272 on: May 09, 2022, 05:38:22 PM »
Bluffs phase 29B has been released.

I'm pretty sure that there are typos on the lot size. Based on site map, these two lots are bigger than base lot size. Lot 86 should actually be bigger than my lot 95. I'm estimating close to 4000 sq ft on lot 86.

It's pretty crazy to see detached condos priced at $1.7M-$1.8M.  ;D

Online CalBears96

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Re: New communities in Portola Springs
« Reply #273 on: May 13, 2022, 11:45:32 AM »
An update on phase 29B with lot size correction:

Homesite 87 - 3166 sq ft lot
Homesite 86 - 4064 sq ft lot

Offline jomama229

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Re: New communities in Portola Springs
« Reply #274 on: May 16, 2022, 12:05:20 PM »
My contact at CalPac also mentioned that the base price shouldn't be raised too much for the next phase either.

That unfortunately did not turn out to be the case - prices most certainly did go up! At this point, I'm not sure who would choose Sierra if they have a shot at a home at Highlands.

Online CalBears96

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Re: New communities in Portola Springs
« Reply #275 on: May 16, 2022, 12:18:43 PM »
My contact at CalPac also mentioned that the base price shouldn't be raised too much for the next phase either.

That unfortunately did not turn out to be the case - prices most certainly did go up! At this point, I'm not sure who would choose Sierra if they have a shot at a home at Highlands.

Note "shouldn't be raised too much." They didn't say the prices won't go up, just not as much.

As for why choose Sierra over Highland, I do agree, but some people prefer a real SFR at Sierra over a quasi-SFR at Highland. Note that you can't park on the streets at Highland, which is something that I personally prefer.

Highland plan 1 was actually my #1 choice, but we got a call first for Bluffs plan 2, so we took it. Overall, the location and lot size of Bluffs 2 was better than Highland 1 (minimum lot size), so we took Bluffs 2 even though it doesn't have driveway.

By the way, Highland 1 is now at $1.835M, so it's not cheaper than Sierra either.

Offline sleepy5136

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Re: New communities in Portola Springs
« Reply #276 on: May 16, 2022, 01:49:02 PM »
My contact at CalPac also mentioned that the base price shouldn't be raised too much for the next phase either.

That unfortunately did not turn out to be the case - prices most certainly did go up! At this point, I'm not sure who would choose Sierra if they have a shot at a home at Highlands.
Go blame Donald Bren and his royalties that he collects for each sale in Irvine.

Offline jomama229

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Re: New communities in Portola Springs
« Reply #277 on: May 17, 2022, 04:29:48 AM »
Go blame Donald Bren and his royalties that he collects for each sale in Irvine.
there's no one to blame in this game. i trust the market to be (mostly) efficient, and everyone's figuring out where the ceiling is.
« Last Edit: May 17, 2022, 06:08:37 PM by jomama229 »

Offline lickmywalrus

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Re: New communities in Portola Springs
« Reply #278 on: May 23, 2022, 04:39:23 PM »
Phase 5 pricing sheet

Online CalBears96

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Re: New communities in Portola Springs
« Reply #279 on: May 28, 2022, 08:47:45 PM »
Bluffs price sheet for phase 30A.

Base price has been increasing $20k per phase from 29A to 29B to 30A. Sales lady said next phase will increase by $25k.

It has been slowing down, though. IIRC, the increase from phase 28B to 29A was around $40k.

Offline USCTrojanCPA

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Re: New communities in Portola Springs
« Reply #280 on: May 28, 2022, 08:50:56 PM »
How many homes does Bluffs have left to sell?  I know that Hillside only has a handful left now.
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Online CalBears96

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Re: New communities in Portola Springs
« Reply #281 on: May 28, 2022, 08:58:56 PM »
How many homes does Bluffs have left to sell?  I know that Hillside only has a handful left now.

Not counting the ones I posted, 25 left. Most of the remaining ones are premium lots, either big (a couple that are huge) or view lots.

Offline Danimal

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Re: New communities in Portola Springs
« Reply #282 on: May 28, 2022, 10:15:46 PM »
Bluffs price sheet for phase 30A.

Base price has been increasing $20k per phase from 29A to 29B to 30A. Sales lady said next phase will increase by $25k.

It has been slowing down, though. IIRC, the increase from phase 28B to 29A was around $40k.

Those are tiny lots for that price but they are still reserved.

Online CalBears96

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Re: New communities in Portola Springs
« Reply #283 on: May 28, 2022, 10:50:57 PM »
Bluffs price sheet for phase 30A.

Base price has been increasing $20k per phase from 29A to 29B to 30A. Sales lady said next phase will increase by $25k.

It has been slowing down, though. IIRC, the increase from phase 28B to 29A was around $40k.

Those are tiny lots for that price but they are still reserved.

Those are minimum lots, 5' to the backwall from the far end. We were offered Bluffs 1 on tiny lot like that. We originally were going to take it, but eventually declined (so happy we declined), and fortunately got a much bigger lot (3889 compared to 2805) on Bluffs 2 on the next release.

I guess this is the true sense of FOMO.

Offline Skunkworks

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Re: New communities in Portola Springs
« Reply #284 on: May 29, 2022, 12:39:08 AM »
Anyword on when the Marea (shared driveway condos) and Forza (SFR) developments are slated to have models ready in PS?

N5-B

 

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