California
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Bluesky: orac.bsky.social
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California
mastodon.social/@orac
Bluesky: orac.bsky.social
| bluesky | https://bsky.app/profile/orac.bsky.social |
Here are all the parcels numbers (APNs) that comprise the golf course, and the total 2023-24 tax bills for each parcel.
You can lookup each APN and download the tax bills here. It is public information. Owner names are redacted by law.
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Here is a Google Earth screenshot showing the whole golf course and both neighborhoods mentioned above.
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If we were to replace this golf course with 832 or 1,365 new McMansions, there would be a lot of rich people who would not be gentrifying other neighborhoods
This would help increase the housing supply for everyone
And all the additional property tax revenue could be used to build more housing
7/
At this density, they could build 1,365 new McMansions.
This would generate $73,473,225.73 in annual property tax revenue. Probably even more since newer construction sells for higher prices.
6/
The neighborhood to the North (Cameo Highlands) has a density of 3.44 houses per acre (141 in an area of 41 acres).
Most of these are 2,000-4,000 SF. Older neighborhood. Average prices are around $5M
5/
At this density, they could build 832 new McMansions on the golf course land.
The current local property tax rate is 1.0763%. At an average house price of $7M.
This would generate $62,683,712 in annual property tax revenue.
4/
I sampled an area of the neighborhood South the golf course (Crystal Cove) to establish local market housing density.
2.01 houses per acre (174 houses in a sampled area of 83 acres).
These are big 3,500-5,000 SF McMansions with pools, high-end fixtures, etc. Average prices are around $7M
3/
I saw this wonderful news today. A golf course near London is being converted into a public park.
This benefits everyone. I was inspired by this wonderful land use improvement and decided to do some calculations on a local golf course.
Here is a Google Earth measurement of Pelican Hill Golf Club in Newport Beach, CA. 397 acres of ocean view residential land. Wasted on golf.
1/
The new Fail Whale