When does a line of potential homebuyers look like it’s waiting for a new Apple device? Since Woodbridge Pacific Group starting taking names of “eligible buyers” for its Brightwater development in Huntington Beach, California. A dozen homebuyers camped out for a week, hoping to get their name on the list for the Capri neighborhood.
The new Brightwater community consists of three neighborhoods with a total of 356 homes ranging in price from the low $800,000s to those that start in the mid-$1,400,000s. Why would people in their fifties who can afford such homes camp out to get the chance to buy? “Location, location, location.” There’s only so much beach property to go around, and these homes, with their Bolsa Chica wetlands and ocean views, will be very select properties. The tax rate for this neighborhood, according to the developer, is only 1.066%.
The first tier neighborhood offers homes with spacious family rooms with fireplaces, some vaulted ceilings, gourmet kitchens, and luxurious master suites. These Capri homes start with four bedrooms and can have up to four and a half baths. Each Capri home also has a “Huntington Room” which is an outdoor patio with a fireplace and sliding doors that open up indoor/outdoor living space.
The top tier neighborhood, Azurene, has homes with three to six bedrooms and up to six and a half baths. All residences are served by a central recreation area with two pools, a gym and recreation center called “the Brightwater Club” expected to open this summer.
The developer has teamed up with a private Wells Fargo mortgage broker, Jeff Wiersma, to assist potential buyers with financing. The campers had to be prequalified by Wiersma to get on the first-come, first-serve Capri eligibility list. Capri is expected to open this fall. Some model homes have already been sold. The Azurene and Seaglass neighborhoods will have sales releases in late March. Get out your tent, and get ready to go.