Irvine is a charter city and one of the newest developments in the area. This master planned community was orchestrated by the Irvine Company. It was completed in 1971, covering 66 square miles and over 200,000 residents. Prior to this time, the area was primarily ranch land. The area is primarily flatland, with large grassy areas that were ideal for raising livestock. However, the northern and southern ends of the valley include a few hills, plateaus, and deeper valleys.
It is best known for its huge technology industry. Commercial sites in Irving include the headquarters of several leaders in the semiconductor industry as well as companies that work in other technological sectors. It is also the site of the University of California, Irvine (UCI), Irvine Valley College, a satellite location of the University of California, Concordia University, and many other institutions of higher education.
Irving has consistently been ranked one of the best cities for start up companies in the United States. Its fast growing economy is attractive to new residents from across the country and around the world. Its film permit laws are also favorable towards film companies, and as a result, several movies and tv shows have been filmed here.
Living in Irvine
The community of Irving is subdivided into smaller “villages.” Each of the villages is separated from the adjacent villages by a six-lane street and there are two artificially constructed lakes in the central areas. While each village is unique, the properties within a village are all architecturally uniform, giving each village a cohesive feeling. There are guidelines in places outlining what is acceptable as far as landscaping and outdoor decorations. Some villages are more restrictive than others, with paint colors, roofing, and landscaping strictly regulated.
In general, a homeowners’ association or village association does not govern the older communities, so they are far less restrictive than the newer villages. These older villages also typically do not require a monthly fee since a village association does not govern them. Two main commercial districts, the Irving Business Complex and the Irvine Spectrum, bracket the residential areas.
Real Estate in Irvine
The real estate in Irvine is moderately priced, with a median home value between $700,000 and $750,000. The average price per square foot is also comparable to other, similar communities in Southern California. The largest homes in this community can sell for $7 million or more, with sweeping driveways, stunning hillside views, and large yards. The nearby nature preserves act as a buffer between the home and the other nearby villages. Smaller penthouse properties can sell for $800,000, with 2 bedrooms, 2 bathrooms, and a view that overlooks the village and the nearby hillsides. Other, more typical Irvine homes are around 2500 square feet and have 3-4 bedrooms and 2-3 bathrooms.
If you are interested in learning more about the beautiful homes for sale in Irvine, CA, continue to browse our website or email one of our experienced team members.