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HOA is $240/month for detached homes. Attached homes will be higher due to additional cost to maintain the roof and exterior. Mello Roos per year is based on sq footage but it will be approximately $7K for 2500-2700 sqft home, $9K for 2700-3000 sqft home, $11K for 3000-3300 sqft home and so on.

There is not much information on this but looking at the website there are two homes by Taylor Morrison which will be in Parasol Park of Great Park close to the new small retail center called The Canopy that will be build in Great Park. Even though it says Luna Park it will be in Parasol Park...

Agree even if homes survive I feel the sentiment of people would be different. People would see LA homes destroyed and people from out of state thinking to move and buy would not. People in the state who live in LA who would move to OC for home would change plans and move out of state as well. I...

I feel like a strong earthquake can scare people and a bunch of collapsing houses can cause prices to come down really fast. I understand holding long term is best but if you have all your money invested in this one large asset you are putting yourself in a very risky position as you are not...

Not sure how you are getting $45K number from. If someone pays same $2.4M in Altair for comparison sake you are paying $24K plus $11K extra so it would be $35K in property taxes. You cannot compare a $2.4M value house to a $4M value house as based on tax rate they will pay higher property taxes.

In Rise Park and in Solis there were such Tri level homes where the kitchen / dining and living room is at the ground floor and all bedrooms are on seconds floor and the third floor is a bonus room with bath / powder room with covered and open balcony. Agree such layout you have to climb one...

I am not sure if people realize considering the prices here people are paying $30K in annual property taxes with a $2.4M house. I know a lot of people complain about property taxes in Great Park but this is crazy as well since the sale prices being high just drive up the higher property taxes.

Seems like a movie sequel but saw a board with Adagio III written on it where they are building new homes in the new Luna Park right adjacent to Rise Park Adagio II homes by Chorus and Merit.

Here is a photo I saw on a website of the location and boundary of Luna Park and relative to other parks neighborhoods in Great Park. Seems like there might be one more park after this one as shown in Future Development below Luna Park. That land is not owned by City so Fivepoint might build...

Are Tustin schools better or comparable to Irvine? Why are people paying Irvine prices in Tustin area?

Does anyone have more information about Luna Park which is the 8th and last neighborhood to be built within Great Park Neighborhood. This was mentioned in this article but there is no other information available...

Right you can take the extra $175K you saved by paying less for the same size house in GP and get 4% interest and pay off the extra Mello Roos.

So seems like GP is where you get the most bang for your buck. That is what I am getting a sense of when looking at other parts of Irvine. Also regarding Mello Roos I did my research and it is for 40 years. But realistically even if it is for life time it does not matter when you sell the house...

The reason for this thread was to find out the catch. Besides Mello Roos do you see what is the catch?

@The Motor Court Company @CalBears96 Good advice but wanted to get opinion of others incase I am missing something more than just Mello Roos.

Looking at GP community they do have a lot of amenities which feel modern and different from typical Irvine Company resort style pool/community area. https://www.gpngreatlife.com/amenities They have 7 Parks and you get access to all amenities in those parks.

Agree that its public park but close proximity to it where you can walk or bike to the park would add value to the homes just like homes near Mountains or Central park are more valuable than homes near nothing exciting.

Yes agree they try to do a 3 story home more than a 2 story. I prefer 2 story homes as well where the Living Room, Kitchen and one bedroom is on ground floor and rest of the bedroom upstairs.

The difference in Mello Roos is $5-7K more a year compared to house prices which are $125-$175K more. Even if you live at this place for 30 years which is a long time and then leave you would pay max $210,000 more ($7K X 30 year).

Agree but they just did ground breaking for the final phase of Great Park where they will have Botanical Garden, Library, Lakes and Meadows and other museums, etc. This is the website recently I came across greatparkframework.org Do you think the area could appreciate in future as agree right...