The Otay Ranch Co. has transferred 735 of the 5,300 acres it is developing in east Chula Vista to the Otay Ranch Land Preserve. The ranch company is contributing 1.18 acres to the land preserve for every acre developed at Otay Ranch, according to Kim Kilkenny, executive vice president of the ranch company.
Over time, that will add up to a 2,500-acre contribution to the regional open space preserve being managed jointly by the city of Chula Vista and the county of San Diego. The regional preserve will ultimately include 11,375 acres, or 18 square miles.
Since Otay Ranch opened for sales about 18 months ago, nearly 1,000 homes have been sold. The ranch has also been the county's top-selling, master-planned community for the past three quarters.
Centex Homes on Saturday will release eight homes at its 99-home Patina at Bernardo Springs neighborhood in Rancho Bernardo as the second increment of the sixth phase. Prices will range from the $500,000s. A total of 65 homes have been sold since the opening in October 1999. Four one- and two-story floor plans range from 2,713 to 3,631 square feet with three to six bedrooms.
McMillin Homes has released the first seven homes of the sixth phase of its Capistrano neighborhood at Calavera Hills in Carlsbad. Prices range from the high $300,000s to the low $400,000s. The 107-home neighborhood offers a trio of two-story floor plans from 2,726 to 3,190 square feet with three to five bedrooms.
Fieldstone Communities Inc. reports that eight homes were sold during the first weekend release of the seventh phase of its Monterey Ridge at EastLake Trails in Chula Vista, and that total sales at the neighborhood have hit 75 percent. The 93-home neighborhood has floor plans from 2,356 to 2,872 square feet with three to five bedrooms. Prices begin in the mid-$280,000s.
Barratt American reports 18 sales at its 44-home Olive Hill Ranch in Murrieta. Five one- and two-story floor plans range from 3,175 to 3,944 square feet and three to six bedrooms. Prices range from $419,990 to $537,990.