EXHIBIT 21.1
LIST OF 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
Mountain Gate Ventures, Inc.
State of Incorporation: Arizona
PH—LP Ventures
State of Incorporation: California
PH—Rielly Ventures
State of Incorporation: Arizona
Duxford Title Reinsurance Company
State of Incorporation: Vermont
Sycamore CC, Inc.
State of Incorporation: California
Other names under which William Lyon Homes conducts business:
William Lyon Homes—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
Cerro Plata Associates, LLC
CP at Forster Ranch, L.P.
Fairway Farms, LLC
St. Helena Westminster Estates, LLC
Laurel Creek Associates, LLC
Atlanta & Beach, L.P.
Woodlake, L.P.
Stonebriar L.P.
Reston Associates, LLC
Hampton Road Associates, LLC
Henry Ranch, LLC
Otay R-29, LLC
4S Lot 12, LLC
Bayport Mortgage, L.P.
DV I Thousand Oaks, L.P.
Lyon Moorpark, L.P.
OX I Oxnard, L.P.
OX II Oxnard, L.P.
4S Lots 2 & 8, LLC
Silver Creek Preserve
California Pacific Mortgage, L.P.
Duxford Escrow, Inc.
Valencia Partners, L.P.
Brentwood Legends, L.P.
Hercules Overlook, L.P.
Valencia II Associates, LLC
Tustin Villas Partners, LLC
Marble Mountain Partners, LLC
Tustin Vistas Partners, LLC
Moffett Meadows Partners, LLC
Lyon Morgan Creek, L.P.
Lyon Harada, L.P.
242 Cerro Plata, LLC
Lyon East Garrison Company I, LLC
East Garrison Partners I, LLC
Lyon Waterfront, LLC
PLC/Lyon Waterfront Residential, LLC
Carmel Mountain Ranch
The Ranch Golf Club Co.
Chino Reserve 89, LLC
Montecito Ranch-Corona, L.P.
Lyon Montecito, LLC
Spectrum 90 Investors, LLC
48 Ranch Planning Area 38, LLC
San Miguel Village, LLC
Lyon Treviso, LLC
Covenant Hills P-30A, LLC
Covenant Hills P-30B, LLC