sleepy5136
Well-known member
give it up to victor zeng for negotiating that dealIt finally sold. For less than the non-view lots.
Cielo million dollar price drops
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But 125 Drumbeat (same floor plan) closed for $450k more in August. Interesting market to say the least.
Lot 74 is Plan 3 and 4984 sq ft lot.
There's a $200k difference between Plan 1 and Plan 3. But the main reason for 75 to be sold at a much lower price is due to the T-junction.
Most of his data is wrong. Lot 74 sold on 12/15/2025 for 3.3 and lot 75 sold on 9/9/2025 for 2.8.
usctrojancpa
Well-known member
It finally sold. For less than the non-view lots.
But 125 Drumbeat (same floor plan) closed for $450k more in August. Interesting market to say the least.
CalBears96
Well-known member
Being at the T-junction makes it much harder to sell, especially to Chinese buyers. Feng Shui aside, it's unsafe.
CalBears96
Well-known member
Phase 18 is mostly non-view lots, so they might actually sell.
toekneechin
New member
Hi there. Does anyone have any updates on this community? I see resell but it’s not really moving.
miniDragonPaw
Member
Seems like Portola Springs is unpopular. I guess location matters a lot.
Buyirvine11
New member
toekneechin
New member
Did a lot of research to look at comps in the area.
Maybe T-junction. It's a big no no for rich old Chinese. Considering it's a downhill road it's also a safety hazard.
CalBears96
Well-known member
Lot 75 is Plan 1, T-junction, and 4409 sq ft lot.
Lot 74 is Plan 3 and 4984 sq ft lot.
There's a $200k difference between Plan 1 and Plan 3. But the main reason for 75 to be sold at a much lower price is due to the T-junction.
Most of his data is wrong. Lot 74 sold on 12/15/2025 for 3.3 and lot 75 sold on 9/9/2025 for 2.8.
CalBears96
Well-known member
I see where YMMV's confusion is coming in. The dates in red aren't actual sold or even reserved dates. They are the release dates. Basically, lots 74 and 75 were released on 8/6/2025. I still have the price sheet for lots 40-44 (top right side), which were released on 1/13/2024.
Edit: Actually, lot 75's release date seems to be wrong. Lot 75 is Phase 12 and Lot 74 is Phase 15, so Lot 74 should have been released several months after Lot 75, which is why it was sold about 4 months later. It's likely that lot 75 was released early spring or even earlier. I remember it was sitting there for several months. It's likely that lot 74 was released on 8/6/2025.
Edit: Actually, lot 75's release date seems to be wrong. Lot 75 is Phase 12 and Lot 74 is Phase 15, so Lot 74 should have been released several months after Lot 75, which is why it was sold about 4 months later. It's likely that lot 75 was released early spring or even earlier. I remember it was sitting there for several months. It's likely that lot 74 was released on 8/6/2025.
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toekneechin
New member
You are correct. Sorry for not clarifying that.
CalBears96
Well-known member
I don't think those prices can be used for comps, though. Phases 1 and 2 came without lot premium on larger lots. For example, lot 40 was 6582 sq ft and lot 41 was 8867 sq ft, and both came with optional suites, but they both were priced at $3M. In phase 3, lot 97 was 8071 sq ft, but had no suite upgrade, but was priced at $3.255M, due to $300k lot premium on larger lots. Basically, any lots > 6000 sq ft would have a $200k-$300k premium. At least for a while.
And of course, there was also the release time. The market pretty much peaked in April-May 2024. After that, the prices stagnated, but then Cielo started release view lots.
And of course, there was also the release time. The market pretty much peaked in April-May 2024. After that, the prices stagnated, but then Cielo started release view lots.