San Diego Business Journal

Real Estate Roundup

By Stephanie Glidden Monday, April 30, 2012
Pardee Homes reports that 16 homes were sold during the first quarter of the year at Brightwater, a collection of single-family detached homes in Pacific Highlands Ranch.

Pardee Homes reports that 16 homes were sold during the first quarter of the year at Brightwater, a collection of single-family detached homes in Pacific Highlands Ranch.

Priced from the $800,000s, Bellasario’s estate-sized residences range in size from 4,180 to 5,155 square feet of living space. The homes feature Italian, French-country and Tuscan exterior styles and offer up to six bedrooms and four and one-half bathrooms. Serving up home sites up to one-half acre in size, Bellasario offers expansive backyards large enough to accommodate a future swimming pool, vineyard or private casita.

The community boasts a countryside setting with 1,600 acres of preserved open space, rose gardens, apple orchards and olive trees. Community amenities include hiking and biking trails and an eight acre neighborhood park complete with sports fields and a playground. Plus, the community’s children may have the opportunity to attend elementary through high school in Poway Unified School District, one of the most sought-after educational systems in San Diego County.

Visit Bellasario at Stonebridge Estates at 15773 Bacara Court, San Diego, CA 92131. For additional details and directions visit www.standardpacifichomes.com.

Escondido Property Sells for $2.6 Million

Hidden Springs Apartments, at 711 W. Lincoln Ave. in Escondido, sold for $2.6 million, or $104,000 per unit. The buyer, Arcadia Pines Properties LLC, acquired the property from Glenarron LLC.

Completed in 1979, the property totals 23,475 square feet and sits on a 1.84-acre parcel. It features 25 units that are comprised of two-bed, 1.5-bath units.

Bill Anderson and Andrew Lindsay of ACRE Investment Real Estate Services represented both the buyer and the seller in the sale.

Traffic, Sales Up at Brookfield Homes

San Diego new-home builder Brookfield Homes had 16 home sales in March. This is the builder’s biggest sales month in the last 30 months.

“It feels great to post these numbers,” says Debby King, director of marketing for Brookfield Homes. “Our traffic is up and shoppers are excited by our new and existing single-family homes and townhomes across the county.”

In March, Brookfield had sales activity at all of its new-home communities. Two of its communities, Sago in Carlsbad and Mahogany in San Marcos, were best-selling communities in their respective cities.

Sago at The Foothills, Brookfield’s newest community, substantially contributed to March sales numbers. The coastal community, which opened last month, is Carlsbad’s best-selling new-home community priced under $600,000 for the month of March. Priced from $459,900, the detached homes at Sago offer some of the most affordable new homes in Carlsbad.

Across the way in San Marcos, Brookfield is closing out its detached new-home community, Mahogany at Old Creek Ranch. With 14 home sales in 2012, Mahogany is the best-selling new-home community in San Marcos year-to-date. Five homes remain at Mahogany.

Also contributing to March sales numbers were Brookfield’s Rockrose at The Foothills in Carlsbad; Trellis and Cordova at Windingwalk in Chula Vista; as well Serenity at Stonebridge Estates east of Scripps Ranch in San Diego. For more information about Brookfield’s communities, visit www.brookfieldsd.com.

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