Hard to envision rising prices given nearby comps. Here is a flip not far from the tract below Lennar's starting price point as one comparative example:
https://www.redfin.com/CA/Fountain-Valley/18291-Santa-Belinda-92708/home/3553577?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link&2010988919=variant&813945303=variant
Or this one - closer in size and location, with pool though:
https://www.redfin.com/CA/Fountain-Valley/18855-Mt-Cimarron-St-92708/home/3826765?utm_source=android_share&utm_medium=share&utm_nooverride=1&utm_content=link&2010988919=variant&813945303=variant
Lennar's homes are bigger, but closer together. That "New Home" vibe can carry prices where they are today, but tomorrow? Hard to say. This isn't so much of an "upside potential" buy in my mind than perhaps a just a way to be close to the beach and airport area employment without having to pay $3-4m for something in NPB.
Anyone know what this was a year ago? (School?)