**EXHIBIT 21.1**

 

**SUBSIDIARIES**

 

William Lyon Homes, Inc. 

State of Incorporation: California

 

Presley Homes 

State of Incorporation: California 

 

California Equity Funding, Inc. 

State of Incorporation:California 

 

PH Ventures – San Jose 

State of Incorporation: California 

 

Presley CMR, Inc. 

State of Incorporation: California

 

HSP Inc. 

State of Incorporation: California 

 

Duxford Financial, Inc. 

State of Incorporation: California

 

William Lyon Southwest, Inc. 

State of Incorporation: Arizona 

 

PH-LP Ventures 

State of Incorporation: California

 

PH-Rielly Ventures 

State of Incorporation: California 

 

Duxford Title Reinsurance Company 

State of Incorporation:Vermont 

 

Sycamore CC, Inc. 

State of Incorporation: California 

 

Cerro Plata Associates, LLC 

State of Organization: Delaware

 

St. Helena Westminster Estates, LLC 

State of Organization: Delaware 

 

Laurel Creek Associates, LLC 

State of Organization: Delaware

 

Woodlake, L.P. 

State of Organization: Delaware 

 

Stonebriar L.P. 

State of Organization: California 

 

Reston Associates, LLC 

State of Organization: Delaware

 

Hampton Road Associates, LLC 

State of Organization: Delaware 

 

Henry Ranch, LLC 

State of Organization: Delaware 

 

Otay R-29, LLC 

State of Organization: Delaware 

 

4S Lot 12, LLC 

State of Organization: Delaware 

 

Bayport Mortgage, L.P. 

State of Organization: California 

 

OX I Oxnard, L.P. 

State of Organization: California

 

OX II Oxnard, L.P. 

State of Organization: Delaware 

 

4S Lots 2 & 8, LLC 

State of Organization: Delaware

 

Silver Creek Preserve 

State of Incorporation: California 

 

California Pacific Mortgage, L.P. 

State of Organization:California 

 

Duxford Escrow, Inc. 

State of Incorporation: California 

 

Valencia Partners, L.P. 

State of Organization: Delaware

 

Brentwood Legends, L.P. 

State of Organization: Delaware 

 

Hercules Overlook, L.P. 

State of Organization: Delaware

 

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Valencia II Associates, LLC 

State of Organization: Delaware 

 

Lyon MorganCreek, L.P. 

State of Organization: Delaware 

 

Lyon Harada, L.P. 

State of Organization: California

 

242 Cerro Plata, LLC 

State of Organization: Delaware 

 

Lyon East Garrison Company I, LLC 

State of Organization:California 

 

East Garrison Partners I, LLC 

State of Organization: California 

 

Lyon Waterfront, LLC 

State of Organization: Delaware

 

WLH Enterprises 

State of Organization: California 

 

Chino Reserve 89, LLC 

State of Organization: Delaware

 

Montecito Ranch-Corona, L.P. 

State of Organization: California 

 

Lyon Montecito, LLC 

State of Organization: California

 

Spectrum 90 Investors, LLC 

State of Organization: Delaware 

 

4S Ranch Planning Area 38, LLC 

State of Organization:Delaware 

 

San Miguel Village, LLC 

State of Organization: Delaware 

 

Lyon Treviso, LLC 

State of Organization: Delaware

 

Covenant Hills P-30A, LLC 

State of Organization: Delaware 

 

Covenant Hills P30B, LLC 

State of Organization: Delaware

 

- 3 - 

The Ranch Golf Club, LLC 

State of Organization: California 

 

Nobar WaterCompany 

State of Incorporation: California 

 

Whitney Ranch Village 5, LLC 

State of Organization: Delaware

 

Laguna Big Horn, LLC 

State of Organization: Delaware 

 

Other names under which William Lyon Homes conducts business: 

William LyonHomes-Southern California Division 

William Lyon Homes-Northern California Division 

William Lyon Homes-San Diego Division 

William Lyon Homes-Arizona Division 

William Lyon Homes-Nevada Division 

Horsethief Canyon Partners 

 

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