The Portola Hills community in Lake Forest has seen a huge change on the real estate landscape with the addition of several new home communities. The Oaks and Iron Ridge are in full sales, with The Oaks beginning to sale in late 2017 and the Iron Ridge early 2018.
These new additions are selling well. The Oaks would be considered luxury properties with the square footage ranging from 2600 square feet to over 5200. Comprised of seven distinct neighborhoods, all within a private gated community featuring tree-lined streets and premium views, outdoor recreational spaces within our community including a Central Neighborhood Park and Swim Club, a large 5-acre public park with recreation and sports fields and three neighborhood parks.
Iron Ridge, the newest community is comprised of six distinct neighborhoods, ranging from Townhomes to large Single Family, ranging in size from 1100 square feet to over 3800 square feet. Each residence offers superb craftsmanship and spacious elegance for today’s active lifestyles. Community amenities such include a Clubhouse, resort style pool and playgrounds.
This has brought a completely new dynamic to the Portola Hills real estate market. It certainly has raised home values, but it also adds tremendous pressure on resales. Why, because now resales are competing with Brand New Pretty Homes!
Take a peek at the top selling resales and new homes in Portola Hills.
The most expensive home in Portola Hills was sold for over $1,7 million in 2018. That is a huge jump in pricing for the area. Comparably a resale home slightly smaller sold for $1,4 million. As soon as the new builds become resales, the area should see further price gains. Making Portola Hills an ideal place to purchase a home today.
Now we might be a bit bias, as we have always felt this way. The community overall offers a wide range of homes, beautiful landscapes and natural habitat with views of the Saddleback Mountains and the Pacific Ocean. If you are thinking of making a move, don't hesitate to give us a call to review the current market whether buying new or a resale, having a realtor by your side who is passionate about the community is key to get your home sold quickly and for top dollar.