There is a a huge construction boom happening in the ocean front community called "Capistrano Shores." The community was well established as a mobile home park for many years. The homes were on lease land with the average monthly cost to lease that land was around $2,500 a month. In 2008, all of this changed. The 90 residents within the Capistrano Shores community bought the land for an estimated $100 million dollars which instantly caused the real estate values to jump from an average $750,000 mobile home to now nearly $2 million dollars.
What is happening in the community is a construction boom where old existing mobile homes are being torn down and replaced with large two story residences. The homes are keeping their original foot print of the
…