This new development in Lake Forest eastern end, in the community of Portola Hills has been a long time coming.. but here we go... the ground has been broken and the grading has begun for a new community of Luxury Estate homes called... The Oaks at Portola Hills
Details of the new community include:
- 309 Luxury Estate Homes
- Gated Community
- Square Footage ranges from 2692 (the only single level) up to 5200
- 8 Different Home Styles
- 2 and 3 Car Garages
- HOA of $350/Month to start. Estimated $250/Month at build out
- Estimated Tax Rate 1.2570
Pricing hasn't been released offiically but looking at the current market these homes should enter the market at over $1 million.
This will be a nice upgrade to the Portola Hills Community. Currently there are only two tracts of homes that are considered estates and they were built in the 1990's. Both very nice tracts wtih the average square footage of homes at 3400 sq. ft and selling currenlty for between $900,000-$1,100,000.
Did you know..... Kelly was on the only Realtor involved in the original steering committee to bring the the communty and developer together on this development. This committee worked for over 5 years and included a small group of residents, the developer Baldwin and Sons, Lake Forest City Officails, etc. The goal of this committee was to ensure the current community needs were incoporated into this new development.
As such, enhancements to Portola Hills Elementary, commuinty streets and added features such as dog park are being incorporated into Portola Hills, i.e. Portola Center.
To be kept up to date on the new community... click here and note The Oaks
Make sure to check out our other information on the area of Portola Hills.