Marblehead Gets Going Again

Marblehead Gets Going Again

Early last year, Marblehead, a coveted piece of coastal California real estate located in San Clemente, traded hands from Lehman Brothers Holdings to merchant-builder Taylor Morrison in a deal valued in excess of $200M. Once a victim of the housing downturn, the moth-balled project is springing back to life with model home completions and sales activity set to begin this summer and move-ins to take place by the end of the year. The 248-acre luxury housing project, branded as Sea Summit at Marblehead, will have sale prices starting at just under $1M and topping out north of $3M. At build-out, the project will consist of 309 homes.

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Michael Anderson
Michael Anderson 249 posts

Over the course of his 30-year career, Michael Anderson has worked in the residential development industry in the Pacific Northwest, Northern California and Southern California. He has acquired residential land in excess of $300M for both land development and homebuilding entities and has overseen the construction of approximately 2500 homes. Currently, in semi-retirement, and based out of Newport Beach, CA, Michael continues to invest in and stay abreast of the land markets.

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