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.

Read More

Previous Single-Family Starts Strong in December
Next DR Horton Reports Strong 1Q Earnings

About author

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.

View all posts by this author →

You might also like

Homebuilders / Land Developers

543 new homes in Lake Forest: The builder’s story

Meet the chief of Landsea Homes, making its first mark in local homebuilding in the rugged foothills of Lake Forest.

Land/Projects

Top-Selling Master-Planned Communities: Preview

RCLCO’s Master-Planned Community Survey is the longest running in the industry, and as such benefits from our unique and exhaustive historical perspective. Every year since 1994, RCLCO has conducted a

Land/Projects

Horton Picks Up 20 Lots in West Hills

DR Horton acquired 20 unimproved lots in the West Hills section of the San Fernando Valley. The lots will average approximately 5,000 square feet in size with home sizes averaging