Bella Lago in Eastlake

[Eugene]

(This thread is about Bella Lago in Eastlake, NOT the one in Carlsbad)

I was routinely checking up on the real estate trainwreck in Quintessa/Castillian neighborhoods in NE Eastlake, waiting for the first REO to cross the $600,000 mark, and noticed that neighboring K.Hov’s Bella Lago houses are now starting from $599,990. Residence 1 is single story, up to 5 bedrooms, 3,867 sf, average lots are 25,000 sf. No Mello Roos, $250/month HOA fees.

I think it’s worth investigating further. Will visit tomorrow and report.

Last fall, Harris fire got within 100 yards from Bella Lago. That must have hurt property values. And then there’s risk that K.Hov goes bust before completing the community. (Which is only about 10% done, as far as I can tell) Other than that, I can’t find any information about the community.

[Eugene]

Rolling Hills Ranch is entertaining to watch, like a slow-mo trainwreck.

Quintessa appears to have sold exactly one (1) new house in the last 3 months. I’ve been in their sales office twice, once in mid-May and once in early July, and the saleswoman remembered me from the first visit. They probably don’t get many white visitors. Or maybe they don’t get many visitors of any color.

A brand-new 4200 sf house (576 Coastal Hills Dr) is listed for sale at 902k. There wasn’t a single authentic sale above 800k, new or used across two developments (Quintessa/Castillian) since April, but one can dream, right?

At the time when house values were crashing all around, the owner of 684 Coastal Hills Dr managed to flip his house and make a profit! All it took was to find a buyer willing to pay almost double the price of comparable listings. If only all his neighbors were as lucky.

There are at least 6 unlisted REOs sitting vacant, probably waiting for the end of the housing bust. One bank took a plunge, listed a house at 650k and got multiple offers – proving that the market isn’t dead and there are buyers out there, if only the price is right.

And now, just as things began stabilizing, an outside developer (Bella Lago isn’t technically a part of Rolling Hills Ranch) comes along and undercuts everyone – REOs and developers alike – with its 3900 sf plans starting at 600k. Ouch.

[Eugene]

Rolling Hills Ranch is entertaining to watch, like a slow-mo trainwreck.

Quintessa appears to have sold exactly one (1) new house in the last 3 months. I’ve been in their sales office twice, once in mid-May and once in early July, and the saleswoman remembered me from the first visit. They probably don’t get many white visitors. Or maybe they don’t get many visitors of any color.

A brand-new 4200 sf house (576 Coastal Hills Dr) is listed for sale at 902k. There wasn’t a single authentic sale above 800k, new or used across two developments (Quintessa/Castillian) since April, but one can dream, right?

At the time when house values were crashing all around, the owner of 684 Coastal Hills Dr managed to flip his house and make a profit! All it took was to find a buyer willing to pay almost double the price of comparable listings. If only all his neighbors were as lucky.

There are at least 6 unlisted REOs sitting vacant, probably waiting for the end of the housing bust. One bank took a plunge, listed a house at 650k and got multiple offers – proving that the market isn’t dead and there are buyers out there, if only the price is right.

And now, just as things began stabilizing, an outside developer (Bella Lago isn’t technically a part of Rolling Hills Ranch) comes along and undercuts everyone – REOs and developers alike – with its 3900 sf plans starting at 600k. Ouch.

[Eugene]

Rolling Hills Ranch is entertaining to watch, like a slow-mo trainwreck.

Quintessa appears to have sold exactly one (1) new house in the last 3 months. I’ve been in their sales office twice, once in mid-May and once in early July, and the saleswoman remembered me from the first visit. They probably don’t get many white visitors. Or maybe they don’t get many visitors of any color.

A brand-new 4200 sf house (576 Coastal Hills Dr) is listed for sale at 902k. There wasn’t a single authentic sale above 800k, new or used across two developments (Quintessa/Castillian) since April, but one can dream, right?

At the time when house values were crashing all around, the owner of 684 Coastal Hills Dr managed to flip his house and make a profit! All it took was to find a buyer willing to pay almost double the price of comparable listings. If only all his neighbors were as lucky.

There are at least 6 unlisted REOs sitting vacant, probably waiting for the end of the housing bust. One bank took a plunge, listed a house at 650k and got multiple offers – proving that the market isn’t dead and there are buyers out there, if only the price is right.

And now, just as things began stabilizing, an outside developer (Bella Lago isn’t technically a part of Rolling Hills Ranch) comes along and undercuts everyone – REOs and developers alike – with its 3900 sf plans starting at 600k. Ouch.

[Eugene]

Rolling Hills Ranch is entertaining to watch, like a slow-mo trainwreck.

Quintessa appears to have sold exactly one (1) new house in the last 3 months. I’ve been in their sales office twice, once in mid-May and once in early July, and the saleswoman remembered me from the first visit. They probably don’t get many white visitors. Or maybe they don’t get many visitors of any color.

A brand-new 4200 sf house (576 Coastal Hills Dr) is listed for sale at 902k. There wasn’t a single authentic sale above 800k, new or used across two developments (Quintessa/Castillian) since April, but one can dream, right?

At the time when house values were crashing all around, the owner of 684 Coastal Hills Dr managed to flip his house and make a profit! All it took was to find a buyer willing to pay almost double the price of comparable listings. If only all his neighbors were as lucky.

There are at least 6 unlisted REOs sitting vacant, probably waiting for the end of the housing bust. One bank took a plunge, listed a house at 650k and got multiple offers – proving that the market isn’t dead and there are buyers out there, if only the price is right.

And now, just as things began stabilizing, an outside developer (Bella Lago isn’t technically a part of Rolling Hills Ranch) comes along and undercuts everyone – REOs and developers alike – with its 3900 sf plans starting at 600k. Ouch.

[Eugene]

Rolling Hills Ranch is entertaining to watch, like a slow-mo trainwreck.

Quintessa appears to have sold exactly one (1) new house in the last 3 months. I’ve been in their sales office twice, once in mid-May and once in early July, and the saleswoman remembered me from the first visit. They probably don’t get many white visitors. Or maybe they don’t get many visitors of any color.

A brand-new 4200 sf house (576 Coastal Hills Dr) is listed for sale at 902k. There wasn’t a single authentic sale above 800k, new or used across two developments (Quintessa/Castillian) since April, but one can dream, right?

At the time when house values were crashing all around, the owner of 684 Coastal Hills Dr managed to flip his house and make a profit! All it took was to find a buyer willing to pay almost double the price of comparable listings. If only all his neighbors were as lucky.

There are at least 6 unlisted REOs sitting vacant, probably waiting for the end of the housing bust. One bank took a plunge, listed a house at 650k and got multiple offers – proving that the market isn’t dead and there are buyers out there, if only the price is right.

And now, just as things began stabilizing, an outside developer (Bella Lago isn’t technically a part of Rolling Hills Ranch) comes along and undercuts everyone – REOs and developers alike – with its 3900 sf plans starting at 600k. Ouch.

[recordsclerk]

Thanks for the info. Wow, a Bella Lago plan 1 for 599K. I wonder what this new price will do for the rest of Chula Vista. These are brand new upgraded homes with decent lots. Did Bella Lago discontinue the Mello Roos fees. The first phase did not have Mello Roos, but the phases after that did. Bella Loga is at a disadvantage because they are not part of Rolling Hills and cannot use any of their amenities, including their “World Class Swin Club”. I also noticed that sale for $1.4 million for a Quintessa by a private party. Do you have any inside knowledge on that one of a kind sale? I’ve also just noticed the new prices for Clearstory. Then Provence goes and lowers their prices the next day after Clearstory list their new prices. Provence has their 5,400sqft 4 car garage home for $899K undercutting Clearstory by $100K.

[recordsclerk]

Thanks for the info. Wow, a Bella Lago plan 1 for 599K. I wonder what this new price will do for the rest of Chula Vista. These are brand new upgraded homes with decent lots. Did Bella Lago discontinue the Mello Roos fees. The first phase did not have Mello Roos, but the phases after that did. Bella Loga is at a disadvantage because they are not part of Rolling Hills and cannot use any of their amenities, including their “World Class Swin Club”. I also noticed that sale for $1.4 million for a Quintessa by a private party. Do you have any inside knowledge on that one of a kind sale? I’ve also just noticed the new prices for Clearstory. Then Provence goes and lowers their prices the next day after Clearstory list their new prices. Provence has their 5,400sqft 4 car garage home for $899K undercutting Clearstory by $100K.

[recordsclerk]

Thanks for the info. Wow, a Bella Lago plan 1 for 599K. I wonder what this new price will do for the rest of Chula Vista. These are brand new upgraded homes with decent lots. Did Bella Lago discontinue the Mello Roos fees. The first phase did not have Mello Roos, but the phases after that did. Bella Loga is at a disadvantage because they are not part of Rolling Hills and cannot use any of their amenities, including their “World Class Swin Club”. I also noticed that sale for $1.4 million for a Quintessa by a private party. Do you have any inside knowledge on that one of a kind sale? I’ve also just noticed the new prices for Clearstory. Then Provence goes and lowers their prices the next day after Clearstory list their new prices. Provence has their 5,400sqft 4 car garage home for $899K undercutting Clearstory by $100K.

[recordsclerk]

Thanks for the info. Wow, a Bella Lago plan 1 for 599K. I wonder what this new price will do for the rest of Chula Vista. These are brand new upgraded homes with decent lots. Did Bella Lago discontinue the Mello Roos fees. The first phase did not have Mello Roos, but the phases after that did. Bella Loga is at a disadvantage because they are not part of Rolling Hills and cannot use any of their amenities, including their “World Class Swin Club”. I also noticed that sale for $1.4 million for a Quintessa by a private party. Do you have any inside knowledge on that one of a kind sale? I’ve also just noticed the new prices for Clearstory. Then Provence goes and lowers their prices the next day after Clearstory list their new prices. Provence has their 5,400sqft 4 car garage home for $899K undercutting Clearstory by $100K.

[recordsclerk]

Thanks for the info. Wow, a Bella Lago plan 1 for 599K. I wonder what this new price will do for the rest of Chula Vista. These are brand new upgraded homes with decent lots. Did Bella Lago discontinue the Mello Roos fees. The first phase did not have Mello Roos, but the phases after that did. Bella Loga is at a disadvantage because they are not part of Rolling Hills and cannot use any of their amenities, including their “World Class Swin Club”. I also noticed that sale for $1.4 million for a Quintessa by a private party. Do you have any inside knowledge on that one of a kind sale? I’ve also just noticed the new prices for Clearstory. Then Provence goes and lowers their prices the next day after Clearstory list their new prices. Provence has their 5,400sqft 4 car garage home for $899K undercutting Clearstory by $100K.

[KIBU]

I wonder if the fire insurance in that area is quite high?

2007 Harris fire may got very close to Bella Lago but there was already a real fire within Rolling hills which threatened San Miguel and took 3 helicopters to take the fire out.

http://www.signonsandiego.com/news/metro/20071023-9999-1n23harris.html

Chula Vista really need to enhance their defense before fire could burn all the way to 805.

[KIBU]

I wonder if the fire insurance in that area is quite high?

2007 Harris fire may got very close to Bella Lago but there was already a real fire within Rolling hills which threatened San Miguel and took 3 helicopters to take the fire out.

http://www.signonsandiego.com/news/metro/20071023-9999-1n23harris.html

Chula Vista really need to enhance their defense before fire could burn all the way to 805.

[KIBU]

I wonder if the fire insurance in that area is quite high?

2007 Harris fire may got very close to Bella Lago but there was already a real fire within Rolling hills which threatened San Miguel and took 3 helicopters to take the fire out.

http://www.signonsandiego.com/news/metro/20071023-9999-1n23harris.html

Chula Vista really need to enhance their defense before fire could burn all the way to 805.

[KIBU]

I wonder if the fire insurance in that area is quite high?

2007 Harris fire may got very close to Bella Lago but there was already a real fire within Rolling hills which threatened San Miguel and took 3 helicopters to take the fire out.

http://www.signonsandiego.com/news/metro/20071023-9999-1n23harris.html

Chula Vista really need to enhance their defense before fire could burn all the way to 805.

[Author]

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