A thoughtfully designed kitchen doesn’t just elevate your daily life—it elevates your entire home. In today’s market, smart design is smart investment. Connect With Us Whether you’re preparing your Newport Beach or Laguna Beach home for sale, upgrading an investment property in Costa Mesa, or simply elevating your forever home, today’s kitchen design trends blend … Continue Reading
Can I Sell My House to My Child Below Fair Market Value?
Yes — and in fact, many families are doing exactly that using a strategy called a gift of equity. This powerful estate planning tool allows parents to sell a home to a child at a discounted price, gifting the difference — often with no immediate tax consequences. But there are critical rules to follow regarding IRS gift limits, capital gains, property tax reassessment under Prop 19, and proper loan structuring if financing is involved.
Whether you’re in Newport Beach, Costa Mesa, or anywhere in coastal Orange County, this guide breaks down everything you need to know — including real-world examples, IRS rules, and expert insights from Lucas Real Estate.
Explore how installment sales—also known as seller financing or carryback notes—can offer powerful tax deferral strategies and negotiation leverage in today’s luxury and investment real estate market. From federal and California tax rules to practical pros and cons, this guide breaks down what every Newport Beach and Orange County property owner should know about using installment sales to close more complex transactions with confidence.
Structured Installment Sales offer real estate sellers a niche tax-deferral strategy with long-term income potential. Learn how this IRS-approved method, backed by IRC § 453, works — and how Lucas Real Estate Group helps Newport Beach and Costa Mesa clients implement it seamlessly.
Can you complete a 1031 exchange if you only own a limited partnership interest in real estate? Not directly—but strategic solutions like the “drop and swap” may provide a path forward. In this article, we explore the legal and tax complexities of navigating 1031 exchanges from within a partnership, with a focus on opportunities in high-value markets like Newport Beach.
Five years after the shift to remote work, homebuyers across Newport Beach, Eastside Costa Mesa, and surrounding coastal communities are rethinking what it means to live—and work—at home. From multifunctional floor plans and tech-integrated upgrades to outdoor office retreats, today’s luxury buyers are prioritizing properties that support a seamless work-life balance. Discover how remote work is shaping real estate trends and what features are now must-haves in the Southern California market.
Proposition 19’s intergenerational transfer cap has been adjusted to $1,044,586 as of February 16, 2025, offering only modest relief for families hoping to preserve their property tax basis. For high-value areas like Newport Beach and Coastal Orange County, this minor inflation adjustment does little to mitigate the harsh tax implications of Prop 19. Learn what this means for your family and how Lucas Real Estate Group can help you plan strategically.
Thinking of selling your home in Newport Beach or Costa Mesa?
From pricing and preparation to marketing and negotiation, our Ultimate Home Seller Checklist walks you through every step of the process—backed by the local expertise of Lucas Real Estate Group. Whether you’re handling a trust sale, family transfer, or traditional listing, we help you maximize value while minimizing stress.
Ready to refresh your outdoor space for spring?
Even the smallest patio or balcony can become a stylish retreat with a few thoughtful upgrades. From cozy furniture ideas to creating privacy with lush greenery, we’re sharing five easy ways to elevate your outdoor living—tailored for homes in Newport Beach, Eastside Costa Mesa, and the surrounding coastal communities.
Discover how to turn your space into a sunny sanctuary, whether you’re prepping to sell or simply soaking up the SoCal lifestyle.
IRS Section 121 allows a reduction of potential capital gains taxes by $250,000 for single filers and $500,000 for married filing jointly filers when certain tests are met for the sale of your primary residence.
Lucas Real Estate
2901 West Coast Highway Suite 200 | Newport Beach | California | 92663-4023
info@lucas-real-estate.com | 949.478.1623 office
Devin Lucas BRE No. 01912302 | Courtney Lucas BRE No. 02015514
Lucas Real Estate, a dynamic full-service residential real estate team led by Devin Lucas, REALTOR®, Real Estate Broker, and Real Estate Attorney, and Courtney Lucas, REALTOR® and CPA, offers unparalleled expertise in Newport Beach and surrounding areas.
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