Strong Sales Accelerate New Home Releases At Newport Palisades Collection

New homebuyers are taking advantage of the rare opportunity to purchase a new, single-family detached home in Newport Beach at the Newport Palisades Collection. End Quote

(1888PressRelease) July 13, 2013 - Newport Beach's newest community opened its doors to the public on June 15 and the first release of 8 homes sold out in less than two hours. As a result of the strong demand, the second release was recently made available to the public and is now 50% sold. With 50% of the 25 total homes in the community now sold in less than 1 month, prospective buyers should act quickly before the community is sold out.

"New homebuyers have really responded to the rare opportunity to enjoy the unique lifestyle found in Newport Beach at these attractive price points," said Chris Gray, Senior Vice President, Strategic Sales and Marketing. "Our innovative floorplans with upgraded contemporary finishes, low HOA dues and no Mello-Roos tax, combined with a great location that is just minutes from the beach and close to activities like walking or biking in the Back Bay, have proven very attractive."

Gray added, "The three-story floor plan -- especially the open concept 2nd-floor living and entertaining space with the large veranda -- has been very well received, as has the fact that all of these homes are smart-home ready."

Attractively priced from the high-$600,000s, the Newport Palisades Collection is the only new home community for sale in Newport Beach with prices under $2,000,000. Located within a private, gated community, these homes range from 1,695 to 1,814 square feet with newly redesigned floorplans that include two-car attached garages and either three bedrooms and a loft with two full bathrooms and a powder room, or three bedrooms and a veranda with three full bathrooms and powder room.

The new homes come standard with upgraded dual-pane, insulated glass windows for noise reduction and climate control. They also feature a choice of four stylish granite kitchen countertops and island with 6" backsplash plus full splash at the cooktop area as well as European white thermofoil cabinetry with dovetail drawers and soft-close doors with concealed hinges, and GE® Stainless Steel appliances.

Each home in the Newport Palisades Collection has been pre-wired for the Control4® home automation system, which allows residents - at a touch of a button - to control the lights, home security, movie library, climate controls and even music in different rooms. This intuitive interface can be controlled from a TV remote, laptop, in-wall or portable touch screen and even remotely from your smart phone and iPad®.

This gated community is conveniently located near world-class shopping, dining and entertainment at South Coast Plaza® and Fashion Island®. Additionally, these homes are just minutes from great outdoor destinations like Crystal Cove State Park, Balboa Island, the Balboa Fun Zone, the Upper Newport Back Bay, as well as the local beaches. Recreation opportunities are close by as well, including the Newport Beach Golf Course and Santa Ana Country Club. Entertainment venues abound nearby with the Orange County Performing Arts Center, the South Coast Repertory, the Pacific Amphitheater and the Orange County Fairgrounds.

Newport Palisades Collection is part of the heralded Newport-Mesa Unified School District. The Orange County Register notes, "Newport-Mesa's overall API score has grown in recent years." In the just-released Academic Performance Index scores for Orange County in 2012 from the California Department of Education, eight schools scored perfect 10s.

To visit the model, or for more information about the limited number of new homes available at the Newport Palisades Collection, prospective buyers can visit the Sales Office located at 1562 Orchard Drive in Newport Beach. The Sales Office is open daily from 10am to 6 pm; visit the community website at: www.NewportPalisadesCollection.com, or call the Sales Office at: 949-644-0444.

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