MARANA, ARIZONA, April 4, 2023 – Fairfield Homes (David Williamson, manager), a luxury home builder in Southern Arizona for over 40 years, closed on 57 platted lots at Boulder Canyon in Dove Mountain for $7.5 million ($131,350 / lot) with an anticipated finished lot value of $242,000 per lot.
The lots are in the northwestern portion of Dove Mountain with spectacular views.
The seller was Dove Mountain Investors, LLC, an affiliate of Cottonwood Properties (Carson Mehl, vice president).
No brokers were involved in the transaction that closed on March 29, 2023.
“In Dove Mountain, more than 30% of its 6,200 acres are devoted to natural open space. Golfers from around the world visit Dove Mountain to play golf, surrounded by the Sonoran Desert, and many of these folks eventually become property owners,” said Mehl. “The 75+ miles of hiking, walking, and biking trails are even more popular than golf, and you can bring your dog on the hiking trails in Dove Mountain! So much of what is written about residential development focuses on density and urbanism, which can be exciting. Still, suburban living in Tucson is pretty darn good."
"Compared to Phoenix and the Palm Desert areas, Tucson’s summer daytime temperatures are typically cooler and nighttime temperatures often over ten degrees cooler, yet Tucson’s winter temperatures are just as warm. Plus, during the hot summer, sunset usually brings as much as a 30-degree drop, making nights cool and comfortable,” Mehl continued.
In a separate transaction, a newly built custom home in the Rockpoint Ridge neighborhood at The Ritz-Carlton Residences at Dove Mountain closed last week for $8,412,778 ($1,613 PSF). The 5,215-square-foot contemporary home was designed by architect Rob Robinette and built by Dove Mountain Homes, an affiliate of Cottonwood Properties.
Peter Oosterhuis of Dove Mountain Realty was the broker for the single-family home sale.
For more information, Oosterhuis can be reached at 520.572.2700.
To learn more about the lot sale, see RED Comp #10566.