On The Market: Homes built in 2017 bring in the now—and the wow

Corona del Mar
4501 Camden Drive
$19.99 million
10,168 square feet

The sense of expansiveness is aided by entire walls that disappear and finishes that flow from inside out in this ocean-view, Spinnaker Development home. The two-level contemporary construction has six bedrooms, eight baths, two kitchens, and an infinity-edge pool. Ron Millar, 949-233-8080

Irvine
113 Canyon Creek
$11.99 million
10,656 square feet

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Positioned to capture views of the canyons and city lights, this contemporary, two-story Mediterranean has seven bedrooms and eight baths. Comforts include a kitchen with an oversize island, an outdoor kitchen, wine storage for 2,000 bottles, and a pool and spa. Shiva Ommi, 949-887-6737

Photograph by Ryan Garvin

Newport Beach
901 Clay Street
$3.99 million
5,009 square feet

→At the hand of architect Frank Stolz, this home blends California sensibilities with an Eastern Seaboard aesthetic. The master suite has a fireplace on the deck, the kitchen has a double oven, and the backyard has a pool and spa. The home also has another five bedrooms and five baths. Tim Smith, 949-717-4711


Wisdom from a realtor and home flipper…
Newport Beach native AJ Whitfield sizes up O.C.’s new home trends

On new developments …
Irvine, Lake Forest, and Rancho Mission Viejo are leading the pack in terms of new home communities. There’s a lot of infill building, too. In Costa Mesa (and elsewhere), trilevel homes and denser communities are becoming the norm.

On increasing density …
Affordable inventory is low, so cities are pushing to provide more housing, plus they can increase their property tax revenue. At the same time, developers are dealing with the increasing cost of land. They’re shrinking the amount of outdoor space and increasing the number of units per project as a way to manage profitability.

A look ahead …
We’ll likely start to see a stall in small-scale, new builder projects toward the end of the year. Construction and land costs are up, and interest rate hikes along with changing state and city regulations stand to make building even more expensive.

 

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