New Detached Condos Coming Soon at Los Olivos

[irvinehomeowner]

Location and total cost vs per SF cost are factors.

 

[zovall]

Will these sell? I think these are way overpriced but it's Irvine and based on occupancy of those Spectrum apartment complexes (and continual expansion), 1%ers will buy them.

It is a pretty convenient location IMO.

 

[GrowthStateofMind]

It is a pretty convenient location IMO.

Indeed, proximity to Spectrum, Hoag & Kaiser campuses, 405, Laguna Beach, Whole Foods, Quail Hill Shopping Center

 

[CalBears96]

$1200-$1300/sq ft for detached condos is nuts though. I mean, it would still be acceptable if they were single family residences, given the location.

 

[Ready2Downsize]

$1200-$1300/sq ft for detached condos is nuts though. I mean, it would still be acceptable if they were single family residences, given the location.

There are detached condos selling for $1000 per sq foot in Laguna Altura. Yup older and not same location but $200-$400 less per square foot seems to be either a great discount for Laguna Altura or Los Olivos is over priced....... jmho.

 

[irvinehomeowner]

These really seem like DINK homes.

If you have a family, QH has better detached condo product and it's closer to schools and pools.

 

[irviniteeee]

View attachment 10688

The prices are outrageous, but to be expected based on what happened with Barcelona. This community is a good location if you don't have children who are school age. I think the city should have added an elementary or middle school close to Los Olivos. Kids can't really even bike or walk to their schools. I wouldn't want my children going all the way up Lake Forest Dr and crossing Laguna Canyon to go to Alderwood. I guess all parents in this area will drive their kids.

 

[test]

View attachment 10688

Only the view lots have been reserved.



Premium is obviously too low. What happened to $1M view lot premiums?

 

[vchoi]

There is no gas connections... which is a big deal for all the rich Chinese buyers.

Also no laundry room but just a closet for a stacked combo unit is kind of ridiculous for a $1.5M+ home...

 

[test]

I encourage you to explore the different models and share your thoughts on the traditional layout, where each house opens up to the street, compared to the motor court design, where several homes are positioned away from the street frontage. Your feedback will be valuable in understanding the benefits and challenges of each approach.

Looks like Toll Brothers Great Park is doing the same design. A traditional layout but with no driveway. That is so bad. So lame. Another way to give customers an inferior product to squeeze out more margin.