Real Estate Round Up

July 1, 1999

July 8, 1999

July 15, 1999

Real Estate Roundup

McMillin Cos. reports more than 2,500 people were drawn to the eight-hour grand opening, and 26 homes were sold in one day from four neighborhoods under construction at its McMillin Lomas Verdes development in Otay Ranch in Chula Vista.

McMillin is building the 87-home Veranda and 120-unit Alcala neighborhoods; Shea Homes is constructing the Diego neighborhood of 86 paired homes; and Cornerstone Communities is building 117 courtyard homes in its Capri collection and 138 attached homes in its Montecito Development. Twelve model homes now are open at Veranda, Alcala, Diego and Capri. In addition, Chelsea Investment Corp., in conjunction with Kaufman & Broad Multi-Housing Group, is developing a project called Teresina, which will feature 440 apartments.

Otay Ranch is a development of McMillin Land Development and is planned for an eventual 1,500 homes. The first phase under way is 300 acres.

Reynolds Communities on Saturday and Sunday will hold a grand opening at its 70-home Sun River development in Alpine. The four two-story, three- and four-bedroom floor plans range from 1,565 to 1,938 square feet and are priced from the $190,000s. Thirty of the homes have been sold in advance.

Morrow Development reports that on Saturday two new developments will open for sale at its La Costa Valley development in Carlsbad.

The Enclave by Centex Homes will have three- to five-bedroom residences ranging from 2,037 to 2,796 square feet. Prices will start in the low $400,000s.

The Preserve by Standard Pacific will have a quartet of four- to six-bedroom floor plans ranging from 2,456 to 3,399 square feet. Prices are expected to start in the low $400,000s.

Morrow also reports that homes are available in four other neighborhoods in the La Costa Valley. The first five neighborhoods opened in 1998.

Lucas & Mercier Development reports three decorated models, and four production homes remain for sale at The Heartland at Ivey Ranch development in Oceanside. The three- to five-bedroom floor plans range from 2,160 to 3,277 square feet and are priced from the high-$200,000s. The models are priced from the mid-$300,000s.

Presley Homes plans on Saturday to release six homes for sale at its Stratford Place development in StoneCrest Village in Murphy Canyon. It is the neighborhood's second-to-last phase. The four two-story, two- to four-bedroom floor plans range from 1,310 to 1,675 square feet and are priced from $245,000 to $280,900.

McMillin Cos. reports that more than 500 people attended the opening of its Capistrano development in Calavera Hills in Carlsbad. Seven homes have been sold to date. The three- to five-bedroom homes range from 2,726 to 3,190 square feet and are priced from the mid-$300,000s.

Brookfield Homes has sold five homes without the benefit of models at its Barrington development at Calavera Hills. Barrington has three two-story, three- and four-bedroom floor plans ranging from 1,957 to 2,287 square feet. Prices range from the high $200,000s.

A third neighborhood, Nantucket by McMillin Homes, is scheduled to open in early August. That project will feature two- to five-bedroom floor plans ranging from the low $300,000s.

Brookfield Homes has named Land Concern of Santa Ana as the community landscape designer for its Sheffield at Calavera Hills in Carlsbad. The four- and five-bedroom floor plans range from 2,579 to 3,415 square feet and are priced from the mid-$300,000s.

McMillin Cos. reports it plan to release 11 homes Saturday as part of the 10th phase of its Sunrise development at Temeku Hills in Temecula. The prices range from $166,990 to $203,990. The trio of two- to six-bedroom floor plans range from 1,726 to 2,584 square feet.

Barratt American plans to open model homes on Sunday at its Rembrandt development near Lake Skinner in the northern Temecula Valley. The grand opening will offer homes in the first three phases. The three- and four-bedroom floor plans range from 1,715 to 2,277 square feet. The production homes are priced from $158,990 to $188,990.

July 1, 1999

July 8, 1999

July 15, 1999