- This topic has 24 replies, 11 voices, and was last updated 17 years, 7 months ago by
Bugs.
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May 25, 2007 at 2:58 PM #55064May 25, 2007 at 2:58 PM #55079
recordsclerk
ParticipantDoes anyone know what the name of the development is. Parts of Santa Luz are custom home sites with an 1/2+acre of land. I think that Marisol and Santa Monica are part of Santa Luz, not sure. I like Marisol and Santa Monica a lot. It would be nice if both area’s came down in price. The HOA and Taxes may still be to rich for my blood, but if I could get one for under a million that would be nice.
By the way 1800 sqft in Chula Vista in the 500’s. There are some listings for 3000+sqft in Chula Vista for 699K. I’ve been window shopping both areas. Chula Vista being more realistic, but I can’t help but dream about Santa Luz. Willing to spend up to a million (800K more realistic), just window shopping until the 50% off sales start.May 25, 2007 at 4:11 PM #55074Anonymous
GuestSpeaking of nice sized homes and big HOAs, does anyone know how Fairbanks Highlands in Carmel Valley is holding up? I remember driving through that gated community back in ’01, seeing the 1 acre lots, handsome homes, and thinking, ‘Nice place, here!’ Things were selling for $900K, but quickly moved up in subsequent releases.
May 25, 2007 at 4:11 PM #55089GuestSpeaking of nice sized homes and big HOAs, does anyone know how Fairbanks Highlands in Carmel Valley is holding up? I remember driving through that gated community back in ’01, seeing the 1 acre lots, handsome homes, and thinking, ‘Nice place, here!’ Things were selling for $900K, but quickly moved up in subsequent releases.
May 25, 2007 at 5:47 PM #55078New_Renter
Participantrecordsclerk,
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.May 25, 2007 at 5:47 PM #55094Participantrecordsclerk,
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.May 26, 2007 at 7:47 AM #55116MANmom
ParticipantThanks, all, for the imput…The area I am speaking of particularly was The Belsera Development. Wow, a lot of short sales, people in trouble. We drove through that area once and could not believe how unkempt some of the yards were. Weeds everywhere! Now I know why, they were mortgaged up to their eyeballs! I myself would never live on a golf course, you get pelted with errant shots, have people searching for lost balls in your yard, wake up to people cussing as early as the sun rises and yelling up until sunset.
May 26, 2007 at 7:47 AM #55132ParticipantThanks, all, for the imput…The area I am speaking of particularly was The Belsera Development. Wow, a lot of short sales, people in trouble. We drove through that area once and could not believe how unkempt some of the yards were. Weeds everywhere! Now I know why, they were mortgaged up to their eyeballs! I myself would never live on a golf course, you get pelted with errant shots, have people searching for lost balls in your yard, wake up to people cussing as early as the sun rises and yelling up until sunset.
May 26, 2007 at 8:15 AM #55121Bugs
ParticipantThere are a lot of owners in Del Sur who work in RE or related businesses. Their fortunes were riding on the health of the local RE markets. The market is down, hence their own losses.
If Fairbanks Ranch was a pretender to Rancho Santa Fe status during the last bust, Del Sur is the pretender to Fairbanks this time around. It’ll probably do a lot better after it gets built out and stabilized.
May 26, 2007 at 8:15 AM #55138ParticipantThere are a lot of owners in Del Sur who work in RE or related businesses. Their fortunes were riding on the health of the local RE markets. The market is down, hence their own losses.
If Fairbanks Ranch was a pretender to Rancho Santa Fe status during the last bust, Del Sur is the pretender to Fairbanks this time around. It’ll probably do a lot better after it gets built out and stabilized.
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