Irvine’s Watermarke in the IBC

The Watermarke is one of Irvine’s newer developments in the Irvine Business Complex (IBC) area of Irvine. The IBC is an area in Irvine that was once largely light industrial but is developing into a live-work-play area that appeals to many young professional as well as empty nester who want to downsize. Those who work in this area might also benefit from living in the IBC, that is, if they can afford it.

The need for housing in Irvine and Orange County is great, so this type of high-density housing makes sense in some cases. More affordable home prices were often the trade off for the increased density. However, developers recently have concentrated on the high-end priced homes in these high-density developments. But the market is changing, so that might change.

The Watermarke architectural style is European; association dues are $300 a month; property taxes are 1.25%. Amenities include courtyard gardens, pools, playgrounds, concierge services, private screening room, and clubhouse. Close by is the San Joaquin Marsh, the John Wayne Airport and numerous shopping centers.

To see what is currently available in the Watermarke, click on the interactive map: Watermarke Place map. You might also be interested in the following:

3403 Watermarke Place, Irvine
What: 2005 condo, 1 bed /1 bath, 726 sf
Asking price: $380,000
Open: Saturday, January 27 at 1-4 pm

3274 Watermarke Place, Irvine
What: 2005 condo, 2 bed / 2.5 baths, 1482 sf
Asking price: $598,888
Open: Saturday, January 27 at 1-4 pm

For more information on housing in this live-work-play district in Irvine, see “Urban Living in Irvine: Live-Work-Play on Martin Street.”

See tomorrow’s post for information on what is selling in the IBC.

PHOTO COURTESY Equity Corporate Housing