A unique project in Bakersfield is taking the area by storm. The McKee Subdivision's Second Release offers local residents the opportunity to invest wisely in their own backyard.
The second release of the McKee Subdivision, named Santorini Estates, could have a big impact in the Bakersfield area. This is a community that needs more affordable housing that's made with quality materials, and that features just the right balance between convenience and cost. Santorini Estates fits that bill perfectly and is an inspiring development for those who want to see the game changed in Bakersfield.
The Project Details Outlined
This is a single family, entry level affordable housing development that strives to fit into two categories at the same time: affordable and high quality. It's true that there won't be all the luxury amenities that many new homes have, but the fine craftsmanship and eye to detail ensures that these are first class homes indeed. And of course they do feature the luxury details that make sense when building a home that's built to last – more on that later.
There are several steps that were taken to ensure this balance was met. First, the builders and developers took a look at where it made sense to keep costs down, and where it made sense to use the best quality possible. The idea was not to simply have these homes built as inexpensively as possible, but to keep costs down without cutting corners. Next, they considered the real priorities of the home-buyers to ensure that they were meeting the needs of the people who'd be living in these homes. The result? Beautiful homes that are structurally sound, have all the modern amenities you'd expect, and that Southern California families can afford.
The Home Details
When the project is completed, there will be 157 units, some of which have been already built. Phase I started with 78 improved lots and this development is so popular that 30 of them were sold before the ground breaking in September, 2012. The Phase II homes will have additional upgrades compared to those in Phase I, and the floor plans are generally larger. For example, the Phase II improvements include granite counter tops, 10 foot high ceilings, and covered patios that allow for maximum enjoyment of beautiful outdoor areas. The prices range from $169,900 to $299,900 and in size from 1,500 square feet to 2,700 square feet. The total land of the tract covers more than 25 acres.
Developers Matter – The Experience and Success of MKA Capital Group Advisors, LLC
There are many reasons this development is important to the area, but one important factor to understand is that the developers, MKA Capital Group Advisors, LLC, have had immense success throughout the Western United States. They are a Newport Beach based company that handles real estate advising, management, and development, and they've been the lead investors on upwards of 100 real estate developments since they started over 10 years ago. In total, the development value of the properties they've worked on exceeds $3 billion.
They also have a unique background of working with impressive top developers like Donald Trump, while also working with smaller mom and pop companies. They've worked on properties in California, Hawaii, Colorado, Washington, Utah, Nevada, Oregon, and Arizona. The bottom line is that this is a company with a track record that investors and home-buyers can trust.
Everything Comes Together to Form a Unique Development
All the individual factors come together to make the Phase II of the McKee Subdivision an interesting development indeed. When you combine affordable homes, the latest amenities, a great location and an exceptional developer, you have a subdivision to get excited about. These are homes that will compete with other new homes in the area as well as REO and foreclosed homes. It is a win-win for the Bakersfield community.
