Pasadena CA Real Estate

Recently, Pasadena has experienced quite a bit of growth in new constructions. We are especially seeing a lot of brand new condo and loft style apartments for sale. If you are looking for new construction around South Lake Avenue, Old Town Pasadena or downtown Pasadena, you’ve come to the right place. This post is in progress. I’ll be updating this information often, so please sign up to receive RSS updates to be aware of all available condos for sale.

Sabine on South Lake

633 South Lake Avenue, Pasadena California

If you love having Starbucks, Pete’s Coffee and Noah’s bagels right around the corner, this IS the complex for you.  Sabine markets itself as “An Exceptional Place to Live” and it sure is.  The location is next to some of the best restaurants and shopping in Pasadena.  You really do not need a car and can easily walk everywhere.

The units themselves are beautiful – 12 in total and are starting at $1.275,000.  As I was walking through these homes, the finishes and touches in each one were beautiful.  Crown moldings and wide plank (dark) hardwood flooring gave the living space a luxurious feel.

I loved the outdoor terraces looking out into the beautiful central courtyard with lush landscaping and the sound of water fountains permeating the air.  Some of the units have rooftop terraces with an outdoor fireplace perfect for a relaxing evening.

The townhomes are two or three story high depending on the model and are over 2,000 sq. ft.  Some have an in-home hydraulic elevator.

All Sabine residences have:

High Ceilings – 9ft  to 10 ft

Hardwood Floors

Energy Efficient Dual Pane casement Windows and Doors.

Fornt and Back Terraces

Fireplace in the Living Room and the Master Suite!

Professional Grade viking Appliances and Travertine Floors grace the Kitchen.

Lots of Closet Space.

White Marble  bathroom floors and Tub Decks and Travertine Showers.

Master Bathroom has heated floors – nice!

Private Garages

Pre-Wiring for Home Audio & Video, Cat5e

Inside Laundry

Delacey Place

Marketed as the “Ultimate Address – Downtown Pasadena!”

Delacey Place opens in Old Pasadena featuring European architecture and design.  Built by Mike Balian, it has been carefully “value-engineered” for maximum efficiency and elegance.

Delacey Place Features:

• 24 hour concierge service
• Pool and spa on second level with translucent sections of German glass that allos natural lighting into the lobby below.
• Wine cellars
• State of the art gym
• Spacious private parking
• Storage areas

Delacey Place Interior:

3 to 4 bedrooms with imported Italian woods, tile and stone.  Gourmet kitchens with sleek state ofthe art Eruopean appliances from Bertazzoni and Gaggeau.

Delacey Pricing: Starting around $800,000 and up

Delacey Place sales are under way.  Please make sure that you get proper representation and do not go directly to the developer.  If you need additional assistance, please do not hesitate to contact us at 626-204-3340 or via email at sales@PasadenaViews.com

Granite Park

This Pasadena condo developer bills this complex as “A luxurious way of living – coming to Pasadena” and they are right. In the heart of the South Lake Avenue shopping and restaurant district neighborhood, Granite Park offers an unparalleled lifestyle. It could be a great weekend getaway and is perfect for vacation home owners that love everything that Pasadena has to offer – museums, hiking, restaurants and boutiques.

The Granite Park complex will feature a concierge and valet service to see to your daily needs. There will also be a professional landscaping staff, someone to arrange catering and help you plan a party or just put together a day of sight seeing and historical outings.

If your car needs attention, detailing services will be available. And, let’s not forget laundry service.

There are two distinct design packages to choose from when selecting the interior finishes of your lusurious home.  They are Granite Park Traditional or Granite Park Contemporary.

71 Exclusive Private Residences

• Large Private Terraces up to more than 1,400 sq. ft.
• Concierge Service with 24 hour security
• Viking Professional Series Appliances
• Premium Kohler Fitures
• Secure Underground Side by Side Parking
• Irving Gill Inspired Architecture
• Dennis Hopper curated photography gallery in the Lobby
• Lush & Evocative Old California Style Landscape
• Private Walkways, Mediation Areas, and Gardens
• Resort-Style Pool and Spa
• Barbeque Area
• Putting Green

Granite Park Pricing:

Pricing starts from $1 million to over $2 million for 2 to 3 bedroom residences.  Work/Live unit is also available at around $800,000.

Projected Move-Ins:  Fall of 2009

Granite Park sales and reservations are under way.  Please make sure that you get proper representation and do not go directly to the developer.  If you need additional assistance, please do not hesitate to contact us at 626-204-3340 or via email at sales@PasadenaViews.com

Read Also:  Luxury Pasadena Condos coming to Pasadena – Granite Park in South Lake District

See all condos for sale in Granite Park below:
(Feel free to click on the slider and it will take you to a detailed page with price history, google map, mortgage info, and detailed information on each of these luxury condos for sale”

Hudson Terrace

Another Mike Balian development and a Toledo Homes project.  Hudson Terrace is right next to South Lake Avenue and is billed as “One Square Mile Living!”  ONE block to work; One block to shopping; One block to entertainment and One block to fitness.

A homage to Bauhaus design, Hudson Terrace is defined by large custom glass elements set between massive towres.  The structure’s 21st century rain wall technology allows the building to breathe while assuring water tight integrity, high efficiency, dual-glazed custom-made metal framed casements adn awnin windows allow for natural ventilations.

Community Features

• Subterranean parking with 2 parking spaces per unit
• Private storage rooms in garage
• 80 foot long water feature traversing the contemporary landscaped courtyard
• Eco-friendly rainwater recycling and storage system provides irrigation for landscaping

20 Residences Featuring:

• Private patios
• Fireplaces
• Recessed lighting throughout
• Surround sound system wiring with high quality speakers in living room and master bedroom
• Italian closet systems designed Dall’Agnese
• Gourmet kitchens with Bosch refrigerator, Bosch dishwasher and microwave, Bertazzoni stainless steel wall mount hoods or Bosch island hoods; Bertazzoni stainless steel ranges, cabinetry from Italy.

Lake@Walnut

I have written several posts about Lake@Walnut and still strongly believe that it’s one of the best priced, best built new construction condo complex in downtown Los Angeles.  The selection of units is quickly dwindling since condo buyers are realizing what a great deal this condo development is.  When I was there yesterday, October 1st, Lake@Walnut had only 4 2-bedroom, 1-level condos available.  They still have a nice choice of bi-level 2 bedrooms with fantastic views and some fairly large 1 bedrooms available.

Lake@Walnut built by Pacific Standard Homes bills itself as the Hip Urban Oasis since it’s truly in the heart of Pasadena.  This development is right next to the Playhouse District,  about a 1/2 mile away from the South Lake Avenue District.  They are next to the Gold Line Metro Station, Ralph’s is right across the street, Pasadena’s Central Park and Old Town are a bit to the West and Paseo Colorado is pretty walkable.

Lake@Walnut Amenities:

• Club Room
• Gym
• Gated and Assigned Parking
• Ground Level Retail Stores
• Beautiful Courtyard with a BBQ Grill, Fountains and an Outdoor Fireplace
• Security Building
• On-Site Builder Management for 1 Year to take care of any Warranty Items

Lake@Walnut Interior Features:

• Energy efficient, dual glazed windows
• hand-set ceramit tile flooring at entry, kitchen, baths and laundry
• Plush carpeting throughout living and bedroom areas (if you are on the first two levels – hardwood selection is available as another flooring option)
• Laundry area in all units (high appliances are standardly included in price)
• Recessed and soffitted lighting
• Central A/C and heating systems
• Kitchens include granite countertops with decorative tile backsplashes.
• KitchenAid® Architect Series II Appliance Package in Stainless Steel including gas cooktop with four sealed burners, electric self-cleaning oven, builtin microwave, energy efficient, multi-cycle dishwasher.
• Kitchen cabinetry,  all wood Shaker-style,  come in three different colors – java, nutmeg and natural.
• Each condominium comes with in home alarm system and multimedia outlets in livign areas, bedrooms and office/tech areas.

Lake@Walnut Pricing:

With 12 floor plans or residences to choose from, there’s a nice variety of homes available starting at $399,000 and going up to over $1 million

My friend, Mike at Cafe Pasadena, just sent me information about the new incentive plan that the State of California is offering to encourage home buyers purchasing new home construction.

This tax credit is obviously not being promoted by the state of California since I’m hearing about it for the first time. But, here at the Pasadena Real Estate blog with the help of our friends, we are able to bring you the scoop!

$100 million has been allocated and is available on a first come, first served basis. So if you are thinking of buying one of the new Pasadena condo developments like Granite Park or Lake at Walnut , make sure to take the opportunity to apply for this credit.

Here are the California tax credit rules:

California Tax credit amounts

California allocated $100,000,000 for this tax credit. Buyers must apply for credit allocation from us. Applications will be reviewed and credit allocations will be made on a first-come, first-served basis. Once $100,000,000 has been allocated, the tax credit will no longer be available.

Total credit allocated to date by California: $0

Remaining credit available: $100,000,000

To check how much Tax Credit Allocation is available, visit the Franchise Tax Board New Tax Credit for New Construction Home Buyers Page.

California allows qualified new home buyers a total tax credit amount equal to either five percent of the purchase price or $10,000, whichever is less. Taxpayers must apply the total tax credit in equal amounts over three successive taxable years (maximum of $3,333 per year) beginning with the taxable year (2009 or 2010) in which the new home is purchased.

How to apply

Within one week (seven calendar days) after the close of escrow:

Fax is the only delivery method that will be accepted and considered for credit allocation by FTB (Franchise Tax Board), as the date and time stamp on the fax will determine the order in which credits are allocated.

PLEASE NOTE, A HOME BUYER ONLY HAS 7 DAYS FROM THE CLOSE OF ESCROW TO FILE FOR THIS TAX CREDIT!!!!!! 

Don’t miss your opportunity to take advantage of this tax credit for new construction homes!

UPDATE: The Franchise Tax Board (FTB) recently announced that the $100 million allocated by the state in new home tax credits will soon be gone. The FTB has received more than 9,800 applications, claiming nearly $95 million as of June 17, and plans to accept 12,000 applications to allow for duplicates, revisions, or invalid applications.

This tax credit is available for qualified buyers who, on or after March 1, 2009, and before March 1, 2010, purchase a qualified principal residence that has never been occupied. The buyer must reside in the new home for a minimum of two years immediately following the purchase date. To apply, an application for new home credit must be completed by the buyer and seller within one week after the close of escrow and faxed by the escrow person to the FTB at (916) 845-9754.

The FTB will continue to report the certificates issued on a weekly basis until the full $100 million has been allocated. FTB expects to complete processing all certificates in August. Each applicant will receive a notification indicating the amount of credit allocated or denied.

Lake@Walnut’s Luxury Condos and Live/Work Spaces Grand Opening debuts this weekend February 21st!

Pasadena’s Chic New Residence opened it doors last weekend for a sneak preview to their VIP guests. The turnout was a great success with over 10 units already reserved.

Luxury home designs span from 945 to 1,767 sq. ft and six of the eight home designs are single-level—which is very rare in urban living.

Lake@Walnut condominium prices range from the upper $300s to the upper $600s and homes include 1-2 bedrooms and 1-2.5 baths. Almost all units come with a patio, deck or porch. The HOA dues are very low and range approximately $233-$289 per month based on home size.

Read More: Investing in Pasadena real estate
Nine Stupid Things Buyers do to Mess Up their Home Purchase!

On February 21st, bring a friend and come admire Pasadena’s new development – Lake@Walnut’s glorious architecture, lush landscaping and tour all seven model homes.

Private model tours are now available by appointment by calling Irina, Pasadena Real Estate Home Specialist, at (626) 627-7107 or email her at Irina@PasadenaViews.com.