Perched high on a bluff overlooking the Pacific Ocean with views of the Dana Point Harbor in the distance, in the historic, small town of San Juan Capistrano, Pacifica San Juan offers a new high end neighborhood with about 8 tracts.
Irvine developer SunCal debuted Pacifica San Juan's first homes in 2006. The project soon stalled with the collapse of investment bank Lehman Bros. Only 98 of the over 416 planned homes were built, and the development had stood as a reminder of the financial crisis that turned housing projects into ghost towns across Southern California.
Today, expansive million-dollar homes sit on well-kept streets. The Pacific Ocean can be seen in the distance. And Taylor Morrison Home Corp., along with two partners, scooped up…
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