TUCSON (December 9, 2024) -- On Friday, December 6, KB Home completed its purchase of 102 finished lots within Phase 1 of Mirador Point (formerly “Escalera”), located near Houghton Road & Valencia Road on the northern end of Rita Ranch in the City of Tucson and within the highly-ranked Vail School District. The approved Final Plat for the property provides 102 homesites – 27 (45’ x 100’) and 75 (35’ x 100’).
KB Home purchased the initial 102 fully developed lots for $12,288,000 ($120,470 per lot) from AMH Escalera Development TRS, an affiliate of American Homes 4 Rent (Zackory Johnson & Alex Rihl), based in Las Vegas, Nevada. Additionally, KB is in escrow and has waived feasibility on 215 lots – 116 (50’ x 110’) and 99 (40’ x 100’) future lots immediately east of the recent Phase 1 purchase.
Model home construction will begin in January 2025, and sales will start in Spring 2025. Single- and two-story homes ranging from 1,201 to 2,467 square feet will soon be available.
KB Home currently has nine new-home communities open for sale across Tucson, with pricing ranging from $270,000s to $470,000s. Innovative design plays an essential role in every home KB builds. The company’s floor plans inspire contemporary living, focusing on roomy, light-filled spaces with easy indoor/outdoor flow. KB homes are engineered to be highly energy and water-efficient and include features that support healthier indoor environments. They are also designed to be ENERGY STAR® certified — a standard that fewer than 10% of new homes nationwide meet — offering greater comfort, well-being, and utility cost savings than new homes without certification. To join the interest list for Mirador Point, visit https://www.kbhome.com/new-homes-tucson/mirador-point or for more information on the Southern Arizona’s current “Builder of the Year”, KB Home, call 1-888-KB-HOMES or visit kbhome.com.
KB Home is always looking for additional land opportunities in the greater Tucson market. Sellers and brokers can reach out directly to Andrew Gasparro, KB Home, Vice President of Land, at 602-686-9889 or [email protected]