Newport Coast
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Skek, you're so money and you don't even know it. A bear with fangs and claws and everything.
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Don't forget, there's plenty of not hard earned money in OC. Back in 1998 (yeah, I know, ten years ago), I heard from a NB police officer that Newport had the highest rate of white collar crime in the nation.
I was so close, so, so close to ripping on IR2 here. But I can't, I just can't when he gets the Swingers reference.
And why RealtyCrap? Haven't you gotten all the comments I have made on how Ipop is wasting his money on them, when he should be spending his money on the good stuff of foreclosureradar.com? Okay, maybe not all grown up, but baby steps.
All of Pacific Ridge (Belcara, Cypress, Costa Azul, and Pienza) are going to get hit, hard. Pac Ridge was developed towards the top of the housing market. Couple that with easy lending/credit, and anyone who is truly set on selling right now in there is in for a ruid awakening, especially spec buyers.
Correct, even numbers on Observatory represent view properties. 15 Obervatory, again another spec buyer who lives across the community in Ocean Heights. That crazy seller originally came on at something like $3.4?? musta thought he was going to be a flipper!
Roo I really hope he did not buy in NC for $6.0m with no ocean view. Maybe if I was moving to hot, oops I mean Shady Canyon....
where do you see ocean view homes in Pelican Hill trading at $650 (ocean view) a square foot? The lowest priced active right now (atleast according to the MLS) is 1 Gallery Place, and off the top of my head I believe it was around $760/785 currently a square foot, "so-so" ocean view. Last three solds in Pelican Hill were ocean view, $844,$875,$1,00.
Should NC be more or less expensive than Crystal Cove? Personally CV is more private, and has nicer views IMO.
Wow... when the pros aren't picking them up for that, it really make me wonder what I can get if we wait longer.
Hi all,
Sorry to go a bit off topic. I like the Newport Coast area but I was wondering what you all thought about living close to the Coyote canyon landfill. I've brought this topic up in another post, but I wanted to hear some more opinions.
So more specifically, how many of you would have concerns living in 19 Harcourt, which appears to be part of Rivage.
The Rivage area reportedly had "potentially explosive levels" of methane in 1998 during construction,
and still had a "methane problem" in 2005.
Exact quote fromhttp://www.city.newport-beach.ca.us/NewportCoastAdvisoryCommitteeAgendas/2005/Minutes7-11-05.htm
is "There is no methane problem at the site, there is at Rivage, but not at the Center location."
I'm not trying to pick on methane, so what about all the other stuff in the landfill. It's not supposed to have industrial waste in it, but people throw all kinds of toxic stuff into their garbage. Could some of that seep into the surrounding neighborhoods, as in El Toro?
So at $1.8M (or WTF $2.8M), buying there isn't an option for me. But let's say at the bottom you could pick this place up for some low price, let's say 1.2M. Would you live there? What if you have young kids? Would you eat fruit grown in your backyard?
IrvineRealtor_IHB
New member
graphrix said:
Skek, you're so money and you don't even know it. A bear with fangs and claws and everything.
(embedded video no longer available)
EvaLSeraphim_IHB
New member
skek said:
Don't forget, there's plenty of not hard earned money in OC. Back in 1998 (yeah, I know, ten years ago), I heard from a NB police officer that Newport had the highest rate of white collar crime in the nation.
graphrix_IHB
New member
skek said:
I was so close, so, so close to ripping on IR2 here. But I can't, I just can't when he gets the Swingers reference.
And why RealtyCrap? Haven't you gotten all the comments I have made on how Ipop is wasting his money on them, when he should be spending his money on the good stuff of foreclosureradar.com? Okay, maybe not all grown up, but baby steps.
sell4u_IHB
New member
skek said:
All of Pacific Ridge (Belcara, Cypress, Costa Azul, and Pienza) are going to get hit, hard. Pac Ridge was developed towards the top of the housing market. Couple that with easy lending/credit, and anyone who is truly set on selling right now in there is in for a ruid awakening, especially spec buyers.
Correct, even numbers on Observatory represent view properties. 15 Obervatory, again another spec buyer who lives across the community in Ocean Heights. That crazy seller originally came on at something like $3.4?? musta thought he was going to be a flipper!
Gohabsgo_IHB
New member
I was involved in a conversation with someone living in NC. Some people from Tx where asking how the OC market was going. His answer was that OC was down 20-25% (correct), but that coastal properties were holding up (incorrect). The funny thing is that he bought in 2006 for $6.0M, but he doesn't even have an ocean view.
On a different note, new homes in Pelican Hill are selling for $650/sq. ft (w/ ocean view) or $500/sq. ft (w/ mountain view). Add as much as you want for upgrades and landscaping, the new homes are much cheaper than existing homes on the coast.
On a different note, new homes in Pelican Hill are selling for $650/sq. ft (w/ ocean view) or $500/sq. ft (w/ mountain view). Add as much as you want for upgrades and landscaping, the new homes are much cheaper than existing homes on the coast.
sell4u_IHB
New member
Roo said:
Roo I really hope he did not buy in NC for $6.0m with no ocean view. Maybe if I was moving to hot, oops I mean Shady Canyon....
where do you see ocean view homes in Pelican Hill trading at $650 (ocean view) a square foot? The lowest priced active right now (atleast according to the MLS) is 1 Gallery Place, and off the top of my head I believe it was around $760/785 currently a square foot, "so-so" ocean view. Last three solds in Pelican Hill were ocean view, $844,$875,$1,00.
Gohabsgo_IHB
New member
Oops Sorry, I meant Crystal Cove. I checked them out the other day, SeaPoint by Laing Luxury Homes. Way out of my range, but always fun to check out!sell4u said:
Should NC be more or less expensive than Crystal Cove? Personally CV is more private, and has nicer views IMO.
sell4u_IHB
New member
Crystal Cove, while part of Newport Coast (92657) is on average still more expensive than Newport Coast, but prices are coming down.
28 Sidra(Front row sweeping ocean view Seascape home) just closed last week for $2.4m ~ $724p.sq.ft. Seascape homes were trading at $1,000sq.ft. or more all day long during 2005/2006. The home was only the market a true 35 days, needless to say priced to sell in this market. Then again you have 146 Sidney Bay (on and off the market, probably on the market atleast 5-7 months) sold last week at $1,000 a square foot, way to much IMO. 28 Sidra has better views than 146 Sidney Bay.
Last I checked which was not that long ago, Sea Point was getting really aggressive with their pricing. view homes between $4.8-$5.3m and non view in the $3.8-$4.2m if that's still the pricing.
28 Sidra(Front row sweeping ocean view Seascape home) just closed last week for $2.4m ~ $724p.sq.ft. Seascape homes were trading at $1,000sq.ft. or more all day long during 2005/2006. The home was only the market a true 35 days, needless to say priced to sell in this market. Then again you have 146 Sidney Bay (on and off the market, probably on the market atleast 5-7 months) sold last week at $1,000 a square foot, way to much IMO. 28 Sidra has better views than 146 Sidney Bay.
Last I checked which was not that long ago, Sea Point was getting really aggressive with their pricing. view homes between $4.8-$5.3m and non view in the $3.8-$4.2m if that's still the pricing.
graphrix_IHB
New member
Ut roh... 3 Hidden Pass is no longer hiding from the bank, the bank owns it now. It's so new it doesn't even show up on Zillow yet. Now, what I find interesting is that the Zestimates for those homes, including 4 Hidden Pass, are in the $2.5mil range, but no one bid on this for $1.6mil. The high-end is clearly not immune.
PadreBrian_IHB
New member
lol
EvaLSeraphim_IHB
New member
graphrix said:
Wow... when the pros aren't picking them up for that, it really make me wonder what I can get if we wait longer.
sell4u_IHB
New member
Updates. Prices are coming down, this is good.
3 Hidden Pass, no sell at auction 5/27/2008, REO time. I call it now, home sells between $1.4-$1.5m.
First NOD popped up on Seascape home in CC about week ago. The only NOD (or NOT) that I've seen in CC. Home is currently for sale.
19 Harcourt (Newport Ridge) Originally listed $2.8m(4/4/2006), close of escrow (5/27/2008) $1.8m. 35% off original list price.
3 Anacapri (Tesoro Villas) just closed at $1,587,500. No view.
3 Hidden Pass, no sell at auction 5/27/2008, REO time. I call it now, home sells between $1.4-$1.5m.
First NOD popped up on Seascape home in CC about week ago. The only NOD (or NOT) that I've seen in CC. Home is currently for sale.
19 Harcourt (Newport Ridge) Originally listed $2.8m(4/4/2006), close of escrow (5/27/2008) $1.8m. 35% off original list price.
3 Anacapri (Tesoro Villas) just closed at $1,587,500. No view.
justbrowsing_IHB
New member
sell4u said:
Hi all,
Sorry to go a bit off topic. I like the Newport Coast area but I was wondering what you all thought about living close to the Coyote canyon landfill. I've brought this topic up in another post, but I wanted to hear some more opinions.
So more specifically, how many of you would have concerns living in 19 Harcourt, which appears to be part of Rivage.
The Rivage area reportedly had "potentially explosive levels" of methane in 1998 during construction,
and still had a "methane problem" in 2005.
Exact quote fromhttp://www.city.newport-beach.ca.us/NewportCoastAdvisoryCommitteeAgendas/2005/Minutes7-11-05.htm
is "There is no methane problem at the site, there is at Rivage, but not at the Center location."
I'm not trying to pick on methane, so what about all the other stuff in the landfill. It's not supposed to have industrial waste in it, but people throw all kinds of toxic stuff into their garbage. Could some of that seep into the surrounding neighborhoods, as in El Toro?
So at $1.8M (or WTF $2.8M), buying there isn't an option for me. But let's say at the bottom you could pick this place up for some low price, let's say 1.2M. Would you live there? What if you have young kids? Would you eat fruit grown in your backyard?
EvaLSeraphim_IHB
New member
JB - Good call on wanting to get educated. Often, people will hear "landfill" and immediately think "Stringfellow." I don't want to underplay any dangers, but I wouldn't want to overplay them either. Your best bets are to call the City, the County Integrated Waste Management Board, and the state Integrated Waste Management Board. The state oversees the process of closing landfills.
Some basic info.
More.
Also, if you drive by, you will note the presence of Gas Recovery Systems (now part of Fortistar) at the site. I believe that they are capturing and recycling the methane or running a methane plant.
Some basic info.
More.
Also, if you drive by, you will note the presence of Gas Recovery Systems (now part of Fortistar) at the site. I believe that they are capturing and recycling the methane or running a methane plant.
After reading some of the raves about the Tides at Crystal Cove on this thread, well Mrs cdm and I were driving past CC and I just had to take a look for myself.
OMG!!! I immediately assigned the wife the task of picking out a bank to knock over so we could afford one (she's an attorney, so she is quite good at this nefarious and underhanded thinking and planning). Then I realized that the taxes would be about $90k per year, and I don't think I have a bank job per year in me.
A few thoughts: Did anyone else think that the way they modeled the plan one was for a target single guy with more money than he knows what to do with (Master, plus one bedroom, plus casita)?
Also, did anyone else think that the plan 3 was a little chopped up, and didn't flow well?
I though that families would be most attracted to the plan 2, and car people everywhere rejoiced at the sight of the garage (my wife had visions of her long dreamed about tri Chevy dancing through her head - Do 32 year old female attorneys usually dream of tri Chevy's?).
Anyhow, at $7 mill and up, this project seems really expensive, especially since SeaPoint is selling at 40% less at about the same square footage just up the hill. I know that they did some pre-release sales at the Tides early last year. Does anyone know what the run rates have been since the troubles started in mid July last year? And how have the run rates been at SeaPoint? Also, what did they sell the final units for at Sea Crest?
I had asked a Laing Luxury rep about multi generational households at one time, and boy did she artfully not answer the question! A lot of the plans have optional second master suites, as well as some casitas with kitchenettes. Having this sort of arrangement means more traffic, as well as more cars parked on the street. Any idea how many homes are occupied by multi-generational families?
OMG!!! I immediately assigned the wife the task of picking out a bank to knock over so we could afford one (she's an attorney, so she is quite good at this nefarious and underhanded thinking and planning). Then I realized that the taxes would be about $90k per year, and I don't think I have a bank job per year in me.
A few thoughts: Did anyone else think that the way they modeled the plan one was for a target single guy with more money than he knows what to do with (Master, plus one bedroom, plus casita)?
Also, did anyone else think that the plan 3 was a little chopped up, and didn't flow well?
I though that families would be most attracted to the plan 2, and car people everywhere rejoiced at the sight of the garage (my wife had visions of her long dreamed about tri Chevy dancing through her head - Do 32 year old female attorneys usually dream of tri Chevy's?).
Anyhow, at $7 mill and up, this project seems really expensive, especially since SeaPoint is selling at 40% less at about the same square footage just up the hill. I know that they did some pre-release sales at the Tides early last year. Does anyone know what the run rates have been since the troubles started in mid July last year? And how have the run rates been at SeaPoint? Also, what did they sell the final units for at Sea Crest?
I had asked a Laing Luxury rep about multi generational households at one time, and boy did she artfully not answer the question! A lot of the plans have optional second master suites, as well as some casitas with kitchenettes. Having this sort of arrangement means more traffic, as well as more cars parked on the street. Any idea how many homes are occupied by multi-generational families?
SacRenter_IHB
New member
Bumping this back up to see what is happening in the 'coast.
A few properties have popped up in the MLS lately that look interesting. Pelican Crest is the area that fascinates me the most. IR, IR2 and others - what are your thoughts on what's happening there in the custom built high end world?
A few properties have popped up in the MLS lately that look interesting. Pelican Crest is the area that fascinates me the most. IR, IR2 and others - what are your thoughts on what's happening there in the custom built high end world?
Most landfills are MSWs. Municipal Solid Waste Landfills. These are Class III landfills. Class I is the hazardous waste landfills. I think there are only 2 left in CA. Stringfellow is a Superfund site as most bases are immediately after they close. Class III landfills only accept household waste. That does not stop people from dumping and hiding stuff in their garbage though. Methane starts to generate several years after waste is placed due to the decomposition of the organic material. Only about half the gas is methane, the other gases generated is a mishmash of stuff. Leachate is also generated. Think of the liquid from a pile of garbage, that is leachate. The gas plant means an active recovery system versus passive where they vent to the atmosphere. Landfills have monitoring wells located 1000 feet around the perimeter. These are regularly sampled to show any migration of groundwater plumes or gases.
I would be more worried about the bases since the military was not as strict about dumping or spilling jet fuel into the ground. Landfills are likely safer bets. Not that I would live too close to one.
I would be more worried about the bases since the military was not as strict about dumping or spilling jet fuel into the ground. Landfills are likely safer bets. Not that I would live too close to one.