K Hovnanian's Piazza d'Oro over by Hooters were some nice townhomes, but when the developer couldn't sell the units, they bought back any that were sold, and turned them all into rentals. That was a shame.
So for nice townhomes, you may want to consider Alacima, Rancho Rose, Casitas at Old Ranch. and maybe Brisbane or the Villas at Mission Point.
here are some resales available in St Cloud for sale as short sales. Homes there sold for over $300K - some over $400K new from the builder. The builder, John Laing Homes, went into bankruptcy last year so all of their projects went into receivership and will be sold to interested parties. So, what happens to St. Cloud depends on the buyer's business strategy. Some buyers will build out and complete selling while others may buy and hold for a better market.
The homeowners that are there are severely impacted in many ways - insurance, maintenance, hoa dues and utility fees all fall on the shoulders of the few that are owners there. It is tough to get a loan to buy a new home in there, too. Lenders are not willing to take a risk on the unknown like that when evaluating the collateral for the loan. So, if you have cash, you might get a good deal or maybe you should look at other good deals that are safer opportunities.
I have helped many clients find great deals in this current market. You are welcome to look for free on our website. I posted a link to the San Diego MLS right there for my clients. I'd be happy to set up a search that pushes properties to your email if you like.