Somerset Phase 1 Pricing

As a side note: posts will pick up significantly in November. Expect floorplans for Portola Springs Neighborhood 5B, Eastwood Lot 7 (first-floor designs already released), and Orchard Hills Neighborhood 3. Floorplans for all neighborhoods in District Next/4 have already been released and are available upon request.

Somerset phase 1 pricing has been released.

Residence 1 2,028 square feet Two-Story $879,990 $434/sf

Residence 2 2,323 square feet Two-Story $899,990 $387/sf

Residence 3 2,708 square feet Two-Story $949,990 $351/sf

Residence 2X 2,891 square feet Three-Story $1,029,990 $356/sf

Residence 3X 3,196 square feet Three-Story $1,089,990 $341/sf

Here is the tentative pricing for the Julep homes:

Residence 1 1,734 square feet Two-Story The High $700,000s

Residence 2 1,917 square feet Two-Story The Low $800,000s

Residence 2X 2,131 square feet Three-Story The Mid $800,000s

Based on this data alone, Obsidian will start above $1,000,000. I am sincerely disturbed that none of the master bathrooms in the new design have a separate tub and shower. The Residence 3 has what I would call an "elephant" shower.

Here are pricing data for Trellis Court phase 1 in comparison:

Residence 1 1,718 square feet $817,352 $476/sf

Residence 3X 1,934 square feet $824,860 $427/sf

Residence 2 1,825 square feet $830,368 $455/sf

Residence 3 1,934 square feet $853,281 $441/sf

Residence 4 2,070 square feet $905,485 $437/sf

Unlike Beacon Park, Lennar priced well with their Somerset homes (except Residence 1, which doesn't even have a tub in the master bathroom). For about $40,000 more, one can get 700 square feet more in the Somerset Residence 3 than in the Trellis Court Residence 4. Sure, there are volume ceilings and the Trellis Court neighborhood is closer to the Great Park, but 700 square feet is very hard to resist. Sub-$400/sf residences have returned!

In the much more pricey Playa Vista:

Mason at Playa Vista

Residence 1 2nd Floor 1,816 square feet 3 Beds, 2 Baths $1,651,400* Views of the Lawn

Residence 1 4th Floor 1,816 square feet 3 Beds, 2 Baths $1,660,800* None

Residence 3 2nd Floor 2,658 square feet 4 Beds, 3.5 Baths $1,908,000* Private entry; 4th bedroom guest suite

Residence 2X 4th Floor 2,141 square feet 3 Beds, 2.5 Baths $1,916,900* Additional flex space

Skylar at Playa Vista

Residence 2 4th Floor 2,027 square feet 3 Beds, 2.5 Baths $1,929,935 * Ultra-modern exterior; dual walk-in closets; large living area

Cleo at Playa Vista

Residence 1 4th Floor 2,052 square feet 3 Beds, 2.5 Baths $1,858,000* Spacious deck; 11 ½’ ceilings; large kitchen island

Residence 1 4th Floor 2,052 square feet 3 Beds, 2.5 Baths $1,860,000* Spacious deck; 11 ½’ ceilings; large kitchen island

Residence 2 3rd Floor 2,242 square feet 3 Beds, 2.5 Baths $1,869,000* Additional office

Residence 3 2nd Floor 2,674 square feet 4 Beds, 2.5 Baths $1,989,000* 3rd tandem garage; 4th bedroom guest suite + flex; private entry

Everly at Playa Vista

Residence 1 2,318 square feet 3 Beds, 3.5 Baths $1,898,000* Detached residence; patio; dual walk-in closets; additional family room

Residence 3 2,449 square feet 4 Beds, 3.5 Baths $1,949,000* Detached residence; patio; additional tech space; open-to-below;

dual decks; large kitchen; corner location