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


Building Activity Steps Up in the OC

OC has been a hub of new home construction activity so far this cycle, and the pace seems to be accelerating in reaction to strengthening housing market conditions. In this


MBK Set to Open in Gardena

MBK’s 1500 Artesia Square project in Gardena is scheduled to open for sale this month. Located in the City of Gardena’s Artesia Corridor Specific Plan, where MBK successfully closed out


Del Webb to Build 240 Homes at Terramor in Southern California

By Mary Salmonsen Forestar Toscana Development Company, a joint venture between developer Foremost Companies and an affiliate of investor Starwood Capital Group, have announced that PulteGroup’s Del Webb brand will