Responding to a demand for waterfront houses that appears to be insatiable, Warmington Homes and Mercury Savings & Loan have developed the $80-million Bay Harbour project in the Alamitos Bay section of Long Beach.
The 35-acre development--probably the last of its kind in Long Beach--will have 29 three-, four- and five-bedroom single-family houses in the first phase. Containing 2,350 to 4,380 square feet, they will be priced from $410,000 to $845,000.
Seventy of 102 houses planned will have boat slips ranging from 35 to 55 feet in length, according to Larry D. Riggs of Warmington Homes, the Costa Mesa-based builder/developer of the project owned by Huntington Beach-based Mercury Savings. A boat dock will add an extra $60,000 or so to the price of a house, he added.
"We're targeting Bay Harbour to move-up buyers who already live in Long Beach and who want to stay here at a water-oriented location and other buyers who want the convenience to Orange and Los Angeles counties that this area has," Riggs said. "The prices are considerably below what many existing houses with comparable locations fetch, say in Newport Beach, and the detailing and design is extraordinary."
Riggs said that the multilevel houses were designed by Berkus Group Architects, Newport Beach, in the English Tudor and French Normandy styles that appeal to affluent buyers. Buyers of the houses will own their lots, he added.
The project faces a channel adjacent to Marine Stadium, a part of Alamitos Bay. The site at Loynes Drive and Bellflower Boulevard near Pacific Coast Highway is a few blocks south of the Cal State Long Beach campus and the Long Beach Veterans Administration Hospital.
Details of the houses, available in eight floor plans, with at least three exterior treatments each, include elaborate staircases, raised living room and dining room areas, high and cathedral ceilings, traditional double-hung wooden windows, skylights, light wells, segmented overhead garage doors for the two- and three-car garages and upstairs laundry rooms in many plans.
"That's a feature that gets a lot of questions from prospective buyers, but makes sense when you realize that most of the dirty laundry comes from the adjacent bedrooms," Riggs said.
The association of Mercury Savings and Warmington Homes has lasted more than a decade, according to William D. Morris, executive vice president of Mercury.
"We think the 60-year-old Warmington firm, headed by Jim Warmington, is the best possible partner in the competitive Southland residential market," Morris said. "It's a family firm with a reputation for quality and attention to the details that buyers of houses in this market notice."
The gate-guarded development will feature two tennis courts, two swimming pools with spas and greenbelt areas, all maintained through a $144 monthly homeowners association fee. Owners of boat slips pay an extra $67.50 monthly.
Six models decorated by Carole Eichen Interiors Inc. are open from 10 a.m. to 6 p.m. daily.