{"id":212088,"date":"2021-01-08T18:55:38","date_gmt":"2021-01-08T23:55:38","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=212088"},"modified":"2024-02-19T02:37:49","modified_gmt":"2024-02-19T07:37:49","slug":"large-property-sale-new-homes-calimesa-ca","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/news\/large-property-sale-new-homes-calimesa-ca","title":{"rendered":"Sale of 2,590-acre property to bring thousands of new homes to Calimesa"},"content":{"rendered":"<h4 id='pressboard-ad-sponsorship-tag' style='margin-bottom: 35px;'><\/h4><p><a href=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/01\/summerwind-trails.jpg\" rel=\"lightbox[212088]\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-212089\" src=\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2021\/01\/summerwind-trails.jpg\" alt=\"\" width=\"1024\" height=\"768\" \/><\/a><em>Photo: <a href=\"https:\/\/www.facebook.com\/SummerwindTrails\/photos\/582560198845341\" class=\"external\" target=\"_blank\">Facebook\/Summerwind Trails<\/a><\/em><\/p>\n<p><span style=\"font-weight: 400\">The proliferation of remote work has yielded a suburban real estate boom, particularly in the affordably-priced Inland Empire markets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the freedom to work from anywhere, Southern California residents are snapping up larger, lower-priced properties in Riverside and San Bernardino counties. A <\/span><a href=\"https:\/\/www.livabl.com\/articles\/2020\/08\/realtor-survey-suburban-home-searches-california.html\"><span style=\"font-weight: 400\">Realtor.com survey<\/span><\/a><span style=\"font-weight: 400\"> published in August found that the Riverside-San Bernardino-Ontario, CA metropolitan area recorded the steepest inventory decline of any market nationwide as hungry homebuyers from Greater Los Angeles moved in.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the recent sale of a 2,590-acre property in Calimesa could deliver 3,052 new homes to the starved Inland Empire market. According to reporting by <\/span><a href=\"https:\/\/www.pe.com\/2021\/01\/07\/3053-homes-coming-to-calimesa-after-giant-land-sale\" class=\"external\" target=\"_blank\"><span style=\"font-weight: 400\">The Press-Enterprise<\/span><\/a><span style=\"font-weight: 400\">, the unfinished Summerwind Trails master-planned community has been sold by Irvine developer <\/span><a href=\"https:\/\/www.livabl.com\/builder\/suncal\"><span style=\"font-weight: 400\">SunCal<\/span><\/a><span style=\"font-weight: 400\"> to JPMB Investments, an LLC owned by Pasadena-based homebuilder Paul Onufer.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">There are 600 lots within the community that are currently being developed by homebuilders Lennar, Meritage Homes, Richmond American and D.R. Horton, such as <\/span><a href=\"https:\/\/www.livabl.com\/calimesa-ca\/camellia-pointe-at-summerwind-trails\"><span style=\"font-weight: 400\">Camellia Pointe<\/span><\/a><span style=\"font-weight: 400\"> and the sold-out <\/span><a href=\"https:\/\/www.livabl.com\/calimesa-ca\/the-retreat-at-summerwind-trails\"><span style=\"font-weight: 400\">Retreat at Summerwind Trails<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p>JPMB Investments hopes to satisfy buyer demand by kicking off construction in early 2022 and delivering the new homes by year-end. The 3,000-plus home sites have already been approved by the city, which will help to streamline the process.<\/p>\n<p>Summerwind bears a number of onsite amenities, including 20 miles of trails, 80 acres of planned parks, over 1,400 acres of open space, three planned schools, and a growing retail and business park that already boasts a CVS and Stater Bros. Market.<\/p>\n<p>It\u2019s unclear how much the 2,590-acre site sold for, but it\u2019s been referred to as \u201cthe region\u2019s second-biggest sale of lots in eight years.\u201d New single-family homes in Calimesa typically sell in the high-$300,000s to low-$400,000s range, according to <a href=\"https:\/\/www.livabl.com\/north-charleston-sc\/new-homes\">BuzzBuzzHome data<\/a>.<\/p>\n<div id='pressboard-ad-sponsorship-msg'><\/div>\n","protected":false},"excerpt":{"rendered":"<p>JPMB Investments hopes to satisfy buyer demand by kicking off construction in early 2022 and delivering the new homes by year-end.<\/p>\n","protected":false},"author":12,"featured_media":212089,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"2021-01-08T23:55:46Z","apple_news_api_id":"83b6789e-8536-4695-876d-d84adfe90621","apple_news_api_modified_at":"2021-01-13T20:09:30Z","apple_news_api_revision":"AAAAAAAAAAAAAAAAAAAAAA==","apple_news_api_share_url":"https:\/\/apple.news\/Ag7Z4noU2RpWHbdhK3-kGIQ","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"middle","apple_news_slug":"","apple_news_sections":["https:\/\/u48r14.digitalhub.com\/sections\/09b86915-7d2b-3acd-915b-b215002d01b7"],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11108],"tags":[11122,11230,11191],"coauthors":[8647],"apple_news_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - 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