FYI.. I called Cornerstone. Apparently they’re only on Phase 3 of 7. Prices really haven’t changed much since I last saw the models in the first quarter of this year. Residence 2 still starts at around $1.2mm (~$210-230/sf).

Cornerstone is also going to be launching a new community very close to Tiburon called Montero. The models will ready in January 2009. Floorplans will range from 3500sf – 5000sf, so a bit smaller than Tiburon. Good news is that the lots will average about 25,000sf (0.6 acres) of flat, usable space. Stay tuned for pricing.