Castro Valley, California real estate can thank gambling debts for its initial popularity. Rancho San Lorenzo was first granted to Don Guillermo Castro in 1838. As part of this land grant, it was requested that Castro use his property to either raise cattle or prosper in agriculture. To aid in the likelihood of one of these ventures, Castro and his wife, Luisa Peralta, were given over 300 steers and encouraged to grow their business. Instead of wise investments, Don Guillermo Castro made repeated mistakes in gambling until he was forced to sell off all of his 28,000 acres and move to Chile.
Faxton Atherton, one of the beneficiaries of Castros blunders, turned his land into a positive investment by parceling off acreage to eager boomers of the late 19th century. Thus began the first attention given to Castro Valleys real estate industry. Since then, Castro Valley, California has experienced a steady rise of interest in its properties and attractions.
Castro Valley California Real Estate Today
Filled with homes of all shapes and sizes, Castro Valley offers an affordable alternative to the more expensive life found in other, more metropolitan areas of California. Compared to San Francisco and Los Angeles, Castro Valley homes are a steal. Four and five bedroom houses are being sold for half of what they would be in the bigger cities. As professionals and families place a stake in community and migrate from the headaches and traffic of the more urban areas, friendly environments such as Castro Valley lure them with their charm.
Homeowners and investors are enjoying the secret that is Castro Valley. Those who have purchased houses in the past decade and those who are purchasing them now are finding that they are making a wise investment. Owning real estate in Castro Valley has now become a sure bet for those who are able to capitalize on a poor gamble of the past.
