[quote=bearishgurl]Just for sh!ts and giggles, flu, can you post a listing in Derby Hills here (if there is currently one available)?
Is Derby Hills the highest-priced tract subdivision in CV?
I’m wondering what the presumed “8-figure set” is supposedly buying in CV for their principal residence when they have so many housing choices to choose from.[/quote]
IMHO, this home is way out of wack price, even today’s standards. I’d think a “fair” price for this home in even in today’s market is around $1.55-1.6million, because I know of people that paid roughly that that are in much better locations and with much better lots. But then again, I’m not an agent and am actively looking, so maybe this home can fetch more than that. If there are able get anything close to $1.6mil, that’s pretty darn good for owner occupied home purchased in 2006 for 1.2m.
But regardless, the friends that did buy into this community with their respective net worth liked being in this area, and didn’t want to spend considerably more for a custom home in this area, and weren’t interested in spending less for a custom home not in this area. They like the convenience of being here, of the school district (the schools in particular), and their friends being here, and I guess the general community of parents that seem to more or less all want the same thing for their kids and with roughly the same background. At least, that’s my understanding of it.
