[quote=outtamojo][quote=waiting for bottom]Horizon is a great street. Too bad that house faces the hill and not the ocean (but I guess it would cost more then, wouldn’t it?)

Seriously, I really like that street. Not sure if SEH will go up or not in the future. Is it really important to you? If you buy the house, can afford it, and plan on living in it for 10 years or more…who cares what the value is?[/quote]

Whaddya think of the Terrazas by Lennar just above Luminara. They are smaller than what OP is looking at but prop tax is advetised at 1.1% http://www.sanelijohills.com/find_your_home/newhomes/Terraza/newneighborhood_terraza.php%5B/quote%5D

That entire area up there will be a construction zone for years to come. If you dont mind that noise, then its fine. There is still quite a bit of land to build out. Check out san elijo hills.com for a lot map.