recordsclerk,
The development is called “Garden Homes” and was probably the worst selling of all the Santaluz developments. Part of the problem is that they are on the west side of Camino Del Sur, which is much less desireable than the east-side, which is much closer to the club facilities. They also don’t have much privacy. On the west-side you have Garden Homes, Davidson, Belsera, and Spanish Bungalows. Note that Mirasol and Santa Monica are NOT part of Santaluz. They sit just to the west of the Santaluz boundary, and they do not have any privledges at Santaluz, despite what some Realtors may “imply” in their marketing. They are nice large homes for sure, have their own little community center with pool, etc. These have also had very long resale marketing times and price drops. I like the Spanish Bungalows the best out of the lower-priced west-side Santaluz properties and they can be had in the very low $1M’s. When this bear market is hitting bottom I expect they will be closer to their original prices in the $700-800’s. On the East-Side of Santaluz, I would look at Casitas for lower cost properties. I used to own one on the golf course, and while they are smaller (2100-2300 sq. ft.) they are the ultimate in convenience if you use the Club facilities alot, and many are also right on the Golf Course. They too are getting quite soft on pricing and expect will be sub-$1M soon.
