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    • March 28, 2011 at 8:25 PM #18671
      pfflyer
      Participant

      I sold a home in LA County in 2003 across from the beach. Zillow now shows it is worth 700k (I sold at 745k, peak price went to almost 1.3M) So in upper mid tier homes I am guessing we are at 2002 pricing.

      I watch The Bridges (retire someday?) and see many are priced still at 2005 or 2006 numbers. Any thoughts on where this area is going? The club buy in and the fact its mostly “new money” make me think it can’t last much longer. Is it being artificially propped up by the builders or the club?

      Thanks-

    • March 29, 2011 at 7:34 PM #681564
      HomeShopping
      Participant

      I also like the Bridges in RSF, but the prices are exorbitant. There are about 28 homes (roughly 10% of the community) for sale, but there has not been a sale in almost 4 months. In my opinion, prices will come down.

      In 2010, it seemed like homes in the Bridges were selling for at least a $500K premium over other high end areas like covenant RSF, fairbanks ranch, cielo, crosby, santaluz, etc. The price of the lots is part of the problem, ranging from $1.2 -3.2 mil. As much as I like the Bridges, I would only spend that kind of money on a lot near the ocean. Not sure that the builder has much to do with the high prices at this point. There are only a few empty lots left, and almost all of the 28 homes listed are resales.

      Anyone know whether the initiation fee for golf is still $350K? At one point, monthly membership dues were $1500-1800/month. I do not understand where all that money goes. Any guesses about how much it costs to maintain a nice 18 hole course? Assuming 200 golf members, this club brings in $300K a month. Let’s assume $180K a month to maintain the course (or $10K per hole a month). That still leaves $120K a month for the clubhouse and other expenses. Seems very excessive to me.

      • March 30, 2011 at 7:10 AM #681684
        SDisGreat
        Participant

        I have been to the bridges many times and their course is immaculate. I have not seen a nicer greener golf course. I agree the 350k membership is crazy. And it’s tuck 15 mins away from the nearest beach ;((

      • March 30, 2011 at 7:10 AM #681736
        SDisGreat
        Participant

        I have been to the bridges many times and their course is immaculate. I have not seen a nicer greener golf course. I agree the 350k membership is crazy. And it’s tuck 15 mins away from the nearest beach ;((

      • March 30, 2011 at 7:10 AM #682356
        SDisGreat
        Participant

        I have been to the bridges many times and their course is immaculate. I have not seen a nicer greener golf course. I agree the 350k membership is crazy. And it’s tuck 15 mins away from the nearest beach ;((

      • March 30, 2011 at 7:10 AM #682496
        SDisGreat
        Participant

        I have been to the bridges many times and their course is immaculate. I have not seen a nicer greener golf course. I agree the 350k membership is crazy. And it’s tuck 15 mins away from the nearest beach ;((

      • March 30, 2011 at 7:10 AM #682850
        SDisGreat
        Participant

        I have been to the bridges many times and their course is immaculate. I have not seen a nicer greener golf course. I agree the 350k membership is crazy. And it’s tuck 15 mins away from the nearest beach ;((

    • March 29, 2011 at 7:34 PM #681617
      HomeShopping
      Participant

      I also like the Bridges in RSF, but the prices are exorbitant. There are about 28 homes (roughly 10% of the community) for sale, but there has not been a sale in almost 4 months. In my opinion, prices will come down.

      In 2010, it seemed like homes in the Bridges were selling for at least a $500K premium over other high end areas like covenant RSF, fairbanks ranch, cielo, crosby, santaluz, etc. The price of the lots is part of the problem, ranging from $1.2 -3.2 mil. As much as I like the Bridges, I would only spend that kind of money on a lot near the ocean. Not sure that the builder has much to do with the high prices at this point. There are only a few empty lots left, and almost all of the 28 homes listed are resales.

      Anyone know whether the initiation fee for golf is still $350K? At one point, monthly membership dues were $1500-1800/month. I do not understand where all that money goes. Any guesses about how much it costs to maintain a nice 18 hole course? Assuming 200 golf members, this club brings in $300K a month. Let’s assume $180K a month to maintain the course (or $10K per hole a month). That still leaves $120K a month for the clubhouse and other expenses. Seems very excessive to me.

    • March 29, 2011 at 7:34 PM #682237
      HomeShopping
      Participant

      I also like the Bridges in RSF, but the prices are exorbitant. There are about 28 homes (roughly 10% of the community) for sale, but there has not been a sale in almost 4 months. In my opinion, prices will come down.

      In 2010, it seemed like homes in the Bridges were selling for at least a $500K premium over other high end areas like covenant RSF, fairbanks ranch, cielo, crosby, santaluz, etc. The price of the lots is part of the problem, ranging from $1.2 -3.2 mil. As much as I like the Bridges, I would only spend that kind of money on a lot near the ocean. Not sure that the builder has much to do with the high prices at this point. There are only a few empty lots left, and almost all of the 28 homes listed are resales.

      Anyone know whether the initiation fee for golf is still $350K? At one point, monthly membership dues were $1500-1800/month. I do not understand where all that money goes. Any guesses about how much it costs to maintain a nice 18 hole course? Assuming 200 golf members, this club brings in $300K a month. Let’s assume $180K a month to maintain the course (or $10K per hole a month). That still leaves $120K a month for the clubhouse and other expenses. Seems very excessive to me.

    • March 29, 2011 at 7:34 PM #682377
      HomeShopping
      Participant

      I also like the Bridges in RSF, but the prices are exorbitant. There are about 28 homes (roughly 10% of the community) for sale, but there has not been a sale in almost 4 months. In my opinion, prices will come down.

      In 2010, it seemed like homes in the Bridges were selling for at least a $500K premium over other high end areas like covenant RSF, fairbanks ranch, cielo, crosby, santaluz, etc. The price of the lots is part of the problem, ranging from $1.2 -3.2 mil. As much as I like the Bridges, I would only spend that kind of money on a lot near the ocean. Not sure that the builder has much to do with the high prices at this point. There are only a few empty lots left, and almost all of the 28 homes listed are resales.

      Anyone know whether the initiation fee for golf is still $350K? At one point, monthly membership dues were $1500-1800/month. I do not understand where all that money goes. Any guesses about how much it costs to maintain a nice 18 hole course? Assuming 200 golf members, this club brings in $300K a month. Let’s assume $180K a month to maintain the course (or $10K per hole a month). That still leaves $120K a month for the clubhouse and other expenses. Seems very excessive to me.

    • March 29, 2011 at 7:34 PM #682730
      HomeShopping
      Participant

      I also like the Bridges in RSF, but the prices are exorbitant. There are about 28 homes (roughly 10% of the community) for sale, but there has not been a sale in almost 4 months. In my opinion, prices will come down.

      In 2010, it seemed like homes in the Bridges were selling for at least a $500K premium over other high end areas like covenant RSF, fairbanks ranch, cielo, crosby, santaluz, etc. The price of the lots is part of the problem, ranging from $1.2 -3.2 mil. As much as I like the Bridges, I would only spend that kind of money on a lot near the ocean. Not sure that the builder has much to do with the high prices at this point. There are only a few empty lots left, and almost all of the 28 homes listed are resales.

      Anyone know whether the initiation fee for golf is still $350K? At one point, monthly membership dues were $1500-1800/month. I do not understand where all that money goes. Any guesses about how much it costs to maintain a nice 18 hole course? Assuming 200 golf members, this club brings in $300K a month. Let’s assume $180K a month to maintain the course (or $10K per hole a month). That still leaves $120K a month for the clubhouse and other expenses. Seems very excessive to me.

    • March 30, 2011 at 6:13 PM #681939
      pfflyer
      Participant

      I thought the higher end was starting to unravel. This seems like the perfect place to watch. Away from the beach, all new construction, no mello roos, new money owners, and even during the peak was overpriced.

      Only a few are listed as far as I can see with only 1 foreclosure. How many more in the making? Who really can afford 350k for a golf buy-in and $1500 per month (sure there are minimum monthly $ in the club to spend as well?) Even 4 years ago there were lots of resale memberships offered and no takers.

      This could be fun to watch….

    • March 30, 2011 at 6:13 PM #681993
      pfflyer
      Participant

      I thought the higher end was starting to unravel. This seems like the perfect place to watch. Away from the beach, all new construction, no mello roos, new money owners, and even during the peak was overpriced.

      Only a few are listed as far as I can see with only 1 foreclosure. How many more in the making? Who really can afford 350k for a golf buy-in and $1500 per month (sure there are minimum monthly $ in the club to spend as well?) Even 4 years ago there were lots of resale memberships offered and no takers.

      This could be fun to watch….

    • March 30, 2011 at 6:13 PM #682615
      pfflyer
      Participant

      I thought the higher end was starting to unravel. This seems like the perfect place to watch. Away from the beach, all new construction, no mello roos, new money owners, and even during the peak was overpriced.

      Only a few are listed as far as I can see with only 1 foreclosure. How many more in the making? Who really can afford 350k for a golf buy-in and $1500 per month (sure there are minimum monthly $ in the club to spend as well?) Even 4 years ago there were lots of resale memberships offered and no takers.

      This could be fun to watch….

    • March 30, 2011 at 6:13 PM #682754
      pfflyer
      Participant

      I thought the higher end was starting to unravel. This seems like the perfect place to watch. Away from the beach, all new construction, no mello roos, new money owners, and even during the peak was overpriced.

      Only a few are listed as far as I can see with only 1 foreclosure. How many more in the making? Who really can afford 350k for a golf buy-in and $1500 per month (sure there are minimum monthly $ in the club to spend as well?) Even 4 years ago there were lots of resale memberships offered and no takers.

      This could be fun to watch….

    • March 30, 2011 at 6:13 PM #683109
      pfflyer
      Participant

      I thought the higher end was starting to unravel. This seems like the perfect place to watch. Away from the beach, all new construction, no mello roos, new money owners, and even during the peak was overpriced.

      Only a few are listed as far as I can see with only 1 foreclosure. How many more in the making? Who really can afford 350k for a golf buy-in and $1500 per month (sure there are minimum monthly $ in the club to spend as well?) Even 4 years ago there were lots of resale memberships offered and no takers.

      This could be fun to watch….

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