(April 27, 2011) The people who call Avalon home were once limited in choosing housing options. Now that Phase 2 of Triana at Avalon is ready, island residents have an exciting new option built exclusively for them.

 

One of the most beautiful projects to be built on Catalina Island in several decades, Triana is a master planned community of homes that features luxury appointments, breathtaking island views and affordability without compromise. But the most exciting fact about Triana is that this development project is available exclusively to the people who live and work on the Island.

 

Island residents have a once-in-a-lifetime opportunity to purchase an extraordinary one, two or three bedroom Triana home for as little as $325,000. These are turnkey properties with extraordinary design features, which include:

 

Truly works of art, Triana homes boast solid wood doors, beautiful trim and base moldings, gas fireplaces and Travertine floor tile. Now that Phase 2 is complete, homebuyers can choose from a variety of floor plans with up to 1685+/-square feet of living space.

 

Developer Mike Flynn of Hamilton Pacific, LLC, is proud of the work his team has done on the project. “We are using efficient construction techniques and have spared no expense when it comes to building these quality homes. We are building more than just new homes. We are creating a magnificent new neighborhood.”

 

Triana at Avalon is affordable due to a number of factors. First, the City of Avalon is offering a low/moderate down payment program to encourage qualified Catalina residents to purchase their new home. With matching funds for down payment assistance, the program is a function of the Redevelopment Tax Increment Set Aside Funds.

 

Land cost is also a major contributor to Catalina Island’s expensive housing, and to that end the Santa Catalina Island Company (SCICo) has graciously leased the land at unbelievable rates. SCICo's willingness to subsidize the land is another contributing factor in making this project a reality for Avalon. Hamilton Pacific, LLC, SCICo and the City of Avalon have teamed up to provide this amazing opportunity for those that live and work in Avalon.

 

Kevin Strege, President of Catalina Island Real Estate says, “I never would have imagined that homes of this quality could be offered at such a reasonable price-point. These features are the kind included in properties sold for at least twice the price. Furthermore, the City of Avalon is adding even greater value by approving down payment assistance to qualified applicants, thereby investing in the people who make up our community. This is an unprecedented opportunity.”

 

To find out if you qualify, call Catalina Island Real Estate (CIRE) at 310-510-3000.