Landsea Homes will build two new housing projects that will bring a total of 187 homes to San Juan Capistrano and Anaheim.
The announcements are part of the fast-growing Newport Beach-based builder’s expansion plans that include a focus on more “affordable” housing.
In Anaheim, Landsea will build 65 three-story townhomes in a community called “Nolin” off Beach Boulevard. Construction is expected to start this month with sales starting in October. Pricing will begin in the high $600,000s.
The residences will run from 1,134 to 1,970 square feet with up to four bedrooms. The homes will be part of the city’s 39 Commons redevelopment project that’s retooling land that was once a myriad of things, from a citrus orchard to a gravel pit, a landfill, a go-cart track to a mobile home park. It has been vacant since 1985.
In San Juan Capistrano, Landsea will build 43 two-story, detached homes and 89 three-story townhomes on a site just off the 5 freeway near Ortega Highway. No grand opening or pricing has been set.
The detached homes will run from 1,700 to 2,000 square feet in living space with up to four bedrooms and three bathrooms. The townhomes will be 1,200 to 1,900 square feet with up to three bedrooms and four bathrooms.
The builder, which recently became a publicly owned company, expects to sell 1,979 homes this year at an average sales price of $446,000. Last year, it sold 1,527 homes averaging $481,000 and 597 homes averaging $953,000 in 2019. Its growth includes the purchase of 1,067 homesites in Arizona.
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