Orchard Hills Neighborhood 3

Irvine is the new Newport for real estate, thanks to BTB's marketing prowess!
#givedatmanaraise
 
Pass.  Nice elevated neighborhood, probably boring floor plans and small lots.  Maybe wait for the later non Ipac builders.
 
I had some sticker shock too.  I've been waiting for OH3 for some time, but after seeing the details, I started looking at resale homes older communities like NW Point, and considering some of the newer ones OH1 and Altair.  Tustin Legacy is also starting to look more appealing :).  So many options...   
 
Like it or not, my sentiment is the same about Irvine Pacific pricing. However, I do give IP and Irvine builders and developers, Tolls and Five Points as a whole a lot of credits in develop and create a Master Plan communities, which result in the stratosphere pricing that we see today. The hallow affects propogate to surrounding villages, even the older one makes price sticky and marches upward. The bottom line here is that there is a wide array of products and price point. You have to be able to chew with what you bite into.

You can live in it while surely it will appreciate overtime. I can safely say that your investment in Irvine is a sounds purchase.

 
 
Unless the neighborhood burns to the ground (which recent events justify), you will make money buying here. I foresee a repeat of Laguna Woktura. Hated the location/Wok, hated the community redesign (deleted parks and paseo to add more density), and thought the pricing was ridiculous for recycled IP floor plans. At the end of the day--resale prices soared through the roof.
 
Burn That Belly said:
I still don't know why folks are bitching and whining about the price of OH3. Let's talk about fundamentals.

A house is only worth what the comps say it's worth and then will sell at what people are willing to pay for it. OH3 will sell because people think it's worth it and this particular neighborhood is targeted towards the folks with deeper pockets. Do not treat this neighborhood like a Toyota Camry. You are buying a Porsche 911 here. Nobody bitches and whines about the price of a Porsche 911, they either buy it or don't. Irvine Co. offers you many other choices if you don't have the deep pockets. Perhaps attached homes in Portola Springs will fit your budget.

Folks who are whining are exactly the folks in the rustic belt states who voted Trump because they felt left behind. If you feel that OH3 is priced too high, that is not a pricing/market problem because these homes will sell. Rather that is an income problem with the person that is whining. You are being left behind of the rat race because the FCBs are doing dirty business making a killing. Do not expect to buy homes like this doing simple 9-5 jobs....

Irvine properties provide luxury/resort-like living amenities at a cost. That cost MUST be paid one way or another. If you can't afford it, move out of the city or buy in a dilapidated neighborhood like Deerfield. Capitalism is also based on the fact that people have to feel more empowered and richer than the other, unlike communism. With that being said, rich folks want to feel like they're entitled and their efforts are reflected in their day-to-day living. i.e. (Park their Mercedes wherever they want in the fire lane or live in elevated hills looking down on the poor). Come on now, why do you guys think the rich hollywood elite producers try to hustle every aspiring actress for sex?
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For some, it comes down mainly to price/income.  But I know several people with a budget of $2M who were looking forward to this community but were disappointed in price per sq ft and overall design / what you get for the cost.  Will OH3 still be appealing to some?  Without a doubt.  Will it still sell?  I'm sure it will as do all recently built Irvine communities.  But is it the best place to put your money if cost of ownership and resale value in 2-7 years are both important?  Only time will tell. 

I'm still considering it but was hoping this would be closer to a no-brainer.  Unfortunately, it's not. 
 
It's because people don't know the area. They think Irvine is the only good school district.

There are other vehicles of investment.
cqqq
 
Must say, I do like the location, scenic drive up, view lots are great.  Makes you forget about the Alta and Bella vistas, lol
 
AW said:
Must say, I do like the location, scenic drive up, view lots are great.  Makes you forget about the Alta and Bella vistas, lol
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Location-good. Floor plans- failed. I too would wait for builders other than Irvine Pacific.
 
Went for the free boba and 85c.

All floor plans were way too small and cramped.  I fear though once they build 3,500 sq ft homes here theyll be $2M.
 
Didn't have the time to go through all of the models today. Just visited Terra and left. The only thing that stood out to me at Terra were the backyards, but the floorplans were compact and seen-before (as expected). I don't know what about it, but the community didn't feel very high-end to me... The community entrance is stunning, but the main park seems like a run-of-the-mill park at any other "value-village," with the added plus of the view. I expected a little more for a community that's marketing itself as a completely new level of luxury. As I've mentioned before, I'm not completely as opposed to the prices as I am to the floorplans and the high-density arrangement of the homes.
 
irvineboy said:
Dr Travel just posted $1.7m for Terra plan 3 (phase 1)?

So the view lots will be more than $1.7m?
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Yup, the sales office told me that view lot premiums will be over $100k+.
 
Burn That Belly said:
OMG! Incredibly high turn out today!  They even had VIP vegas style party buses to chauffeur people around.
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Was at today?s grand opening and Altair?s which had a larger turnout, the same chauffeur buses, better food (and more of it), more luxurious designs and view lots.

The only OMG is your over the top love/preacher salesmanship of this community and your inability to see the negatives. Why not just fess up your real motivations?
 
DrTravel said:
Burn That Belly said:
OMG! Incredibly high turn out today!  They even had VIP vegas style party buses to chauffeur people around.
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Was at today?s grand opening and Altair?s which had a larger turnout, the same chauffeur buses, better food (and more of it), more luxurious designs and view lots.

The only OMG is your over the top love/preacher salesmanship of this community and your inability to see the negatives. Why not just fess up your real motivations?
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The chauffeur buses are pretty standard for grand openings now-a-days. And you're right in saying Altair's grand opening had a larger turn out. It pretty much blow's Reserve's grand opening out of the water. I feel like the grand opening for the Groves a few years back had a larger turnout too.
 
Villager said:
Didn't have the time to go through all of the models today. Just visited Terra and left. The only thing that stood out to me at Terra were the backyards, but the floorplans were compact and seen-before (as expected). I don't know what about it, but the community didn't feel very high-end to me... The community entrance is stunning, but the main park seems like a run-of-the-mill park at any other "value-village," with the added plus of the view. I expected a little more for a community that's marketing itself as a completely new level of luxury. As I've mentioned before, I'm not completely as opposed to the prices as I am to the floorplans and the high-density arrangement of the homes.
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Very astute observations. Visited 4 communities and was particularly unimpressed with the lack of differences between Vivo and San Mateo which I used to own 6 years ago! IP just doesn?t do luxurious. After buildout it will feel crowded and monotonous as all community designs are derivatives of one design philosophy. A majority of the lots have no views but I was impressed with the Terra model homes back yard size and views. Their design was meh but again we?re dealing with IP.
 
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