SAHBA’s reigning “Builder of the Year,” KB Home, buys 39 acres for Saguaro Haven in Southwest Tucson
TUCSON, Arizona, April 20, 2023 -- KB Home paid $1,501,500 ($10,500 per lot) for approximately 39 acres near the Northwest corner of Valencia and Camino del La Tierra on April 4, 2023.
The property features incredible mountain views of the Tucson and Catalina Mountains. KB Home rezoned the property from GR-1 (Rural Residential) to GR-5 (Multiple Residences) and has a tentatively approved plat for 143 single-family homesites. Approved in March 2023, the project sets aside 9.92 acres of natural open space and features 5.22 acres of functional/usable open space.
Michael Anderson, KB Home VP, Regional Counsel, handled the Purchase & Sale Agreement for the buyer and seller.
Bobbi Raymond at Fidelity National Trust handled the escrow for the buyer and seller.
The seller, The Wong Living Trust, Yu Jen and Irene Wong, of Tucson, was represented by Dan Wong of HomeSmart Advantage Group (Tucson).
The sellers said to everyone involved, "Thank you all for your dedication, professionalism, persistence, and hard work over the past 3+ years to make this transaction successful. Special thanks to Mr. Andrew Gasparro. Andrew is a tough negotiator, but he is fair, responsible, detail-oriented, getting things done, professional, and is the kind of team member every company wishes to have."
Innovative design plays an essential role in every home KB builds. The company’s floor plans are designed for contemporary living, focusing on creating roomy, light-filled spaces with easy indoor/outdoor flow. In addition, KB homes are engineered to be highly energy and water efficient and to provide healthier indoor air environments. Thanks to quality construction techniques and materials, every home KB builds is ENERGY STAR® certified — a standard that fewer than 10% of new homes nationwide meet — to deliver greater comfort, well-being, and utility cost savings than new homes without certification.
KB Home currently has ten new-home communities open for sale across Tucson, with pricing ranging from $280,000s to $450,000s. These new KB homes are designed for how people live today, with attractive design features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and ample storage space. For more information on "Builder of the Year," KB Home, call 888-KB-HOMES or visit kbhome.com.
KB Home is always looking for additional land opportunities in the greater Tucson area. Sellers and Brokers can contact Andrew Gasparro, KB Home Vice-President of Land, at 602.686.9889 or via email at apgasparro@kbhome.com if they have land available.
To learn more about this transaction, see RED Comp #10588.