The New Home Company Inc., a luxury home developer based in Aliso Viejo, has finished building Azure at Esencia Plan 1, its newest collection of ten residences in Rancho Mission Viejo. The builder hopes the reasonable price tags for each unit will attract first-time homebuyers and young couples looking to secure a starter home. According to the Orange County Register, home prices for each available townhome start at approximately $359,818.

The set of two-story townhome condominiums are located in Azure at Esencia, a master-planned community in Orange County, and feature one bedroom, one bathroom, and one-car garage floorplans. The approximately 700-square-foot homes are strategically designed with amenities that include a master bathroom with in-unit laundry and walk-in closet, luxury kitchen, and an outdoor deck. The entry and garage areas are at the first-floor level, with an upstairs path leading to the second-floor living areas.

New homeowners will also have easy access to amenities within the master plan, such as pools, recreation centers, and outdoor hiking trails. Children who live in the community are eligible to attend brand-new schools located nearby in the Capistrano Unified School District.

Although sales numbers are still unclear, results for these affordable units may serve as an indication to developers that the lower-end of the market may be a valuable customer base.