As two rolling option agreements reach conclusion, DR Horton reloads with the final 30 lots at Tres Pueblos Este and has only 21 lots remaining of the original 96 lots at Santa Cruz Meadows in Sahuarita after the September takedown. The 105 lots at Village at Barnett in Marana, purchased this month, are under development to further homesite supply for the home builder.
In Sahuarita, DR Horton, Inc. purchased 15 SFR lots from Tucson Land, LLC as part of a rolling option at Santa Cruz Meadows in Sahuarita. The transaction closed on September 15 for $963,000 ($64,200 per lot). A family community, homes at Santa Cruz Meadows are in the Sahuarita School District with Wrightson Ridge Elementary at 2.3 miles, Sahuarita Middle School at 2.4 miles, and Sahuarita High School at 2.4 miles.
The lots are primarily 7,000-square-feet finished lots. After this takedown, DR Horton has 21 lots remaining from the original 96 lots in the option.
Randy Emerson of GRE Partners represented the seller, Tucson Land, LLC and Dan Feig of Chapman Lindsey represented the buyer.
For more information, Emerson can be reached at 520.396.4812 and Feig is at 520.747.4000.
Readers can click here for the DR Horton 3D Tour.
To learn more, see RED Comp #8103.
In Tucson, DR Horton also closed out its rolling option at Tres Pueblos Este with 30 SFR remaining lots for $1,644,402 ($54,800 per lot). This was the fifth and final takedown of 102 finished lots.
Located just North of Bilby Rd off of Tucson Boulevard in South Central Tucson, Tres Pueblos Este was platted and sold to Forestar (USA) Real Estate Group of Texas, an affiliate of DR Horton, to finish and land bank for DR Horton.
To learn more, see RED Comp #8087.
In Marana, DR Horton purchased Phase 1 of The Village at Barnett, a new subdivision at the northeast corner of Barnett and Sanders Roads in Marana. The phase consisted of 105 platted and engineered lots and were purchased for $2,415,000 ($23,000 per lot). The seller in the transaction was RB Land Barnett Partners, LLC (Randy Bury, Manager) that will now turn its focus to the sale of Phase 2 which consists of 146 fully improved lots. The purchase signals a new push of development activity on the west side of Interstate 10 in this area.
The transaction was handled by Will White and John Carroll of Land Advisors Organization in Tucson. Land Advisors is also marketing Phase 2 of The Village at Barnett.
For more information, White and Carroll should be reached at 520.514.7454.
To learn more, see RED Comp #8090.