Just as a point of clarification, this house (as well as a number of other short sales/bank-owned) is in Pardee’s Mirasol development. Mirasol (and Santa Monica next door) are actually not part of Santaluz and don’t have Santaluz club membership. They were developed as seperate gated communities. People get fooled because they are located right next door. You even see some unsavory agents “implying” that they are part of Santaluz. Their fees are quite a bit lower than Santaluz. I believe both Santa Monica and Mirasol have a small club house/pool, and that’s about it. Mirasol’s HOA is $240, which is quite a bit less than Santaluz $400+. They still do have a hefty Mello-Roos, like Santaluz, but no Club membership fees. Other Short Sales there are 7419 and 7371 Rancho Catalina, plus Santa Monica has a Short Sale at 14629 Arroyo Hondo. I’m sure there are others. Some of these short sales should go for less than $300/sq. ft.! Perhaps we will see some going into the low-mid $200/sq. ft. before all is said and done!

I would love to hear from anyone that bought at these two developments as to what they like/dislike about living there (besides experiencing Santaluz envy!).