SOURCE: William Lyon Homes

May 31, 2011 18:40 ET

Due to Overwhelming Demand, Canopy Lane Releases Phase Three Next Saturday, June 11th

SANTA ANA, CA--(Marketwire - May 31, 2011) - Canopy Lane is an overnight success! This brand new gated neighborhood has become an instant hit among OC homebuyers and next Saturday, June 11th, Phase Three will be released to accommodate the overwhelming demand. With prices from the low $500,000s, plus the valuable benefits of a low tax rate with no Mello Roos fees, don't miss out on this rare opportunity to be a part of one of Orange County's fastest-selling new home neighborhoods. Since its recent opening, smart consumers have been taking advantage of Canopy Lane's innovative floorplans and its private setting within a prime South Coast Metro location. Offering a limited edition of just 38 new homes, homebuyers are encouraged to act fast before this must-have address is sold out. For more details on this exclusive William Lyon Homes neighborhood, visit www.lyoncanopylane.com today.

"The immediate sales success of Canopy Lane confirms homebuyer demand for a well-built new home in a private, yet convenient location. Since the opening, it has quickly become a favorite choice for couples and families with established ties to this area, who were very excited to take advantage of a brand new home opportunity and stay in the area they love," said Lesley Pennington, Director of Sales for William Lyon Homes. "With Phase One completely sold-out and just a limited number of homes available in Phase Two, there is tremendous interest building for Phase Three and we anticipate an impressive homebuyer response on June 11th."

"Local buyers who waited for new home construction in this area jumped at the incredible opportunities presented at Canopy Lane. Week after week, feedback has been amazing and buyers are strongly encouraged to visit now to start the pre-qualifying process and to take advantage of next Saturday's new phase offering before it is also sold-out," Pennington added.

An unparalleled combination of charming architecture, great pricing and a central location in the heart of the South Coast Metro area have made Canopy Lane the chance of a lifetime. This limited edition has the new homes and central OC location buyers want -- make the move to Canopy Lane now, before it's too late!

The neighborhood's tree-lined lane and private park underscore its quiet, family-friendly surroundings. Stylish and functional, Canopy Lane's two-story detached floorplans range from approximately 1,871 to 2,327 square feet, with three to four bedrooms, two- and one-half bathrooms and two-car attached garages. Spacious master suites, modern kitchens with islands and upstairs laundry rooms highlight the neighborhood's contemporary, smart planning.

Residents will be just minutes from the world-class shopping and restaurants of South Coast Plaza®, the Segerstrom Center for the Arts, Centennial Park, John Wayne Airport and the city's major business hubs. The neighborhood's close proximity to the 405, 73 and 55 freeways will be another plus for homeowners who travel frequently for work or weekend getaways.

It matters who your builder is, and William Lyon Homes means it when they say that they put themselves into their homes. They build each and every home as if it were their own and have earned a solid track record for constructing homes throughout the West since 1954. Learn more by visiting the newly launched website at www.lyonhomes.com for exciting information on William Lyon Homes' brand new neighborhoods for sale.

To visit Canopy Lane, take the I-405, exit Fairview Road and travel north. Turn right on Alton Avenue then right again on Alton Court into the neighborhood. The Models and Sales Gallery are open daily from 10 a.m. to 6 p.m. For more information, please call 888-576-6378.

Prices are effective as of the date of publication. All homes are subject to prior sale. Prices and availability of homes are subject to change without notice. DRE Officer License: 00982816.