Tagged : Harbour Vista Huntington Beach

The Harbour Vista community in Huntington Beach is one of the most requested condo tracts due to it's very attractive price points by the beach.  Many buyers get really excited when they see condos still in the mid $300,000 for a two or three bedroom condo with over 1,000 square feet of living space.  The one thing we try to educate buyers on for this community is the concept of a land lease which the Harbour Vista community has associated with it.  For example there is one current listing at 16512 Blackbeard Lane #201 that is listed for sale at $385,000 and features 3 bedrooms with an approximate $385,000.  The listing indicates that the land lease is to expire on 08/31/2041 which has a monthly fee of $230.00.  This is in addition to the $581.00 a month

We are currently working with a client who is looking for condo under the $400,000 but has specifically said she doesn't want the condo to be under a land lease.  A land lease is basically when a person or entity buys a parcel of land and then leases the land to another party for a period of time.  Often times condos buildings and complete neighborhoods are built on this land but the residents never own the land and also have to pay a monthly fee to the owner of the land.  Sounds like a pretty good deal for the owner of the land.  It also can be a more affordable option for buyers looking to find a place to live as these types of properties are typically priced below other comparable buildings that are not on lease land.  The fear of the land owner not

The Harbour Vista community in Huntington Beach has been offering some of the lowest priced condos for sale in the past years.  One bedroom condos are now selling in the $190,000 range and two bedroom units start at $289,000. Sometimes when things are too good to be true there always seems to be a catch.  One of the important things to understand when buying in this community is that the homes are located on leased land.  There is also a homeowners association dues that are paid on a monthly basis and average around $421.00 a month.  What you get for the monthly due is a large community pool area, spa and outdoor barbecue area.

The land lease is a little tricky to understand.  There is a website for the Harbor Vista News that gives a breakdown of how